Paycheck Protection Program 'solves a problem' for now

 

April 19, 2020



For now, Jake Phelps can catch his breath as he figures out what comes next for his business.

Phelps closed his Capital City Barbershop along North Classen Boulevard on March 21 because of the COVID-19 pandemic, even before barber shops and hair salons were shut down by Gov. Kevin Stitt’s statewide “Safer at Home” order.

Since then, Phelps hasn’t seen a single client, and neither have those who rent booth space from him. He is effectively out of a job, but the bills keep coming in.

He’s not alone. Nearly 17 million Americans have filed for unemployment in the past three weeks alon...



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