Government money cap impacts local small businesses

Some local businesses in Chico are open and struggling—and others are struggling and waiting to re-open, but what they have in common now is waiting for financial help from the government.

Posted: Apr 16, 2020 7:28 PM
Updated: Apr 16, 2020 7:30 PM

CHICO, Calif. - Some local businesses in Chico are open and struggling—and others are struggling and waiting to re-open, but what they have in common now is waiting for financial help from the government.

"I have no idea what’s going to happen," Amanda Bosschart, the owner of OM Foods said.

Bosschart says Thursday was her first opportunity to apply for the Paycheck Protection Loan, and she says she’s been waiting for weeks.

"I just got invited and they’re saying there's no money available and I know there's millions and millions of small businesses that have applied so I'm kind of at the tail end anyways," she said.

Bosschart says she applied for a few other loans as well, "I’ve applied for the SBA loan but I have not heard back from them I also applied for a women-run business loan and I haven’t really heard back from them as well so I'm just in the waiting game."

She says there are about eight women-run businesses here in Chico.

"We do try and work with each other and give each other enough information that we are all receiving so we can all win here," Bosschart said.

OM Foods is seeing about 30 percent of its usual sales

"There is a lot of unknowns and I'm trying not to worry just trying to show up and work and just give hours to my employees," she said.

Other businesses like Show Love Thrift Shop have been closed for weeks and not only is it waiting to reopen, the owner says now they’re among many who are waiting for financial help.

"People like me we have very few employees but it's devastating if we can't get some help," Terri Blessing, owner of the shop said.

Blessing says she tried applying for two loans – one being the 'PPP.' Blessing says right now she’s on a waiting list with Tri-Counties Bank for an application with the ‘PPP.'

"I'm on a waiting list I'm hopeful that they still will allow me to submit an application but if the money not there I have to borrow the money, we just don’t know we’re just waiting," she said.

To pass the time blessing says they are keeping busy by organizing and cleaning the shop, but she says overall they're hopeful they’ll get the help they need.

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