![]() “Small businesses clearly don’t have the leverage that those big chains do,” said Jared Nicholson, director of the Community Business Clinic at Northeastern University School of Law. That will likely be harder for small business owners to do. The Cheesecake Factory sent a letter to its landlords in mid-March informing them it would not be paying rent because the virus “inflicted a tremendous financial blow to our business.” Enough to make it impossible to pay rent, which for many is due today for the first time since the start of the COVID-19 outbreak in the U.S.Įven some big businesses say they can’t afford rent. Over the last few weeks, most restaurants and brick-and-mortar stores have been doing a fraction of their normal business and, in many cases, no business at all.įor nearly half of small businesses, those lost weeks could be enough to push them into the red.
0 Comments
Leave a Reply. |