Despite new stimulus bill, local business owner still worries about the future of his employees
Now that the roughly $480 billion stimulus bill passed in the House of Representatives, some small businesses may feel hopeful, while others still worry.
Bobby Beard is the owner of the Salty Hobo in St. Andrews. He estimates his business has missed out on about $50,000 of sales since it closed on March 17th.
Since then, he applied to the Paycheck Protection Program twice before it ran out of money.
Now he worries the same thing could happen again after the passage of the latest bill.
"You know there’s a lot of businesses that I know of locally that’s going out. There’s more that’s going to go out of business if this doesn’t stop soon and that’s hard. But then you’re not just losing a business, you’re losing employees, they’re losing their jobs and that’s what’s important. There’s a lot of people out of work right now,” said Beard.
Congressman Neal Dunn said he’s happy with how quickly congress passed the latest stimulus bill.
“You know you could say it wasn’t perfect on a front end but what government program is? And I’ve never seen a government program that could roll out $349 billion dollars in one week. Seven days,” said Dunn.
The bill is now headed to the President’s desk while Beard says, he plans to reapply for the PPP a third time.