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Saturday, June 1, 2024

Small business struggles in the Wabash Valley

Credit: WTHI
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Small business struggles in the Wabash Valley
Small business struggles in the Wabash Valley
Small business struggles in the Wabash Valley

It's no secret small businesses are feeling the impact of covid-19.

Many businesses had to close last month.

The closure is leaving small businesses feeling a financial strain.

News 10's tilly marlatt shares how a local hair salon is handling the closure.

Pk} cache lauren: the salon is normally booked with clients this time of year.

Many would be getting ready for prom or a spring wedding.

The parking lot has been empty since march 25.

Owner cache ellis says the closure hasn't been easy.

"when we don't have people in our chairs, we're not making money."

(cache ellis, owner) ellis works alongside 7 other stylists who are all independent contractors.

They have all have been denied unemployment.

Ellis also applied for a payment protection program loan from the u.s. small business administration.

The funding source ran out on thursday.

"so i literally have received nothing so it's been very, very hard trying to figure out how bills are going to happen.

It's just something when i opened this was definitely not something i thought i needed to be prepared for."

Kristin craig with the terre haute chamber of commerce says businesses should still prepare an application for the ppp.

"we've been on calls with several of our legislators recently, congressman bucshon, senator braun, senator young, all of them continue to tell us how important the ppp is, so i know they consider it a priority."

Ellis is trying priority."

Ellis is trying to remain positive during this time.

"but i do believe that after all of this, it is going to be about shopping local, supporting those local businesses and trying to really build those businesses back up to where they need to be."

Reporting in terre haute, tilly marlatt, news 10.> the salon tells us they have tells us they the salon news 10.> the salon the salon tells us they have preventative measures in place to keep staff and clients

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