As small businesses await new US aid, it's too late for some
December 23, 2020
NEW YORK (AP) - Clay Reynolds is starting to make peace with a gut-wrenching reality: He may have to once again close his business, Arrichion Hot Yoga and Circuit Training.
The $900 billion pandemic relief package that Congress has just approved contains billions in aid directed specifically at struggling small companies like Reynolds'. Arrichion received a loan last spring from the government's earlier economic aid program. But Reynolds, a co-owner, needs another. Business was down 75% in the third quarter. The fourth quarter will likely be worse.
Like other independent fitness studios an...