For restaurants Covid-19 was a crisis – pandemic loans are proving a disaster
When the Covid-19 pandemic devastated his business, as it did with so many restaurants, Mazumdar took out a $370,000 economic injury disaster loan (EIDL)…
The Guardian reports: When the Covid-19 pandemic devastated his business, as it did with so many restaurants, Mazumdar took out a $370,000 economic injury disaster loan (EIDL) from the federal government in early 2021.
Low-interest loans kept many eateries afloat. At the time, it provided a desperately…
This business story centres on the United States. Names and organisations mentioned in the coverage include Covid-, Jai Mazumdar and Indian.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- Covid-, Jai Mazumdar, Indian, Spice N Curry
- Section
- Business
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