Sioux City Small Business Owners Face Uncertain Future with Modifications and Hope for Help
Interviews orginally aired on April 22, 2020
This week the big headline; small business assistance gobbled up by major corporations. A move making an impact in Sioux City.
Siouxland Public Media’s Sheila Brummer with a sampling of a few local establishments, some in o.k. shape, other facing an uncertain future.
The COVID-19 pandemic greatly altered the financial stability of small businesses all across the country, including here in Siouxland.
Some were forced to temporarily close their doors, like a barbershop owned by Clyde Shinall.
He operates his business in the Frances Building in downtown Sioux City.
Others can still operative by modifying their operations. Erik Martin owns and operatives Marto Brewing Company on Fourth Street in Sioux City.
On Tuesday, the U.S. Senate approved more than $300 billion in money for the small business loan program that ran out of money last week. The House is expected to pass the measure and President Trump says he plans to sign it.
We talked to another local business owner, Ashley Prince of the Pickled Pallete, who wasn’t able to secure the original funding for her small company.
The EIDL that Ashley Prince mentioned is the Economic Injury Disaster Loan Program.