At Smugs Fitness in the Kirkwood neighborhood in Atlanta, owner Sam Mugavero applied for his loan about 10 days ago.
“I haven’t heard anything back. The other business owners I know who got it, they say it took 7 to 10 days. So I’m hoping we’ll get it,” Mugavero said. "But maybe we missed the window.”
Business was so good for Mugavero, that he recently expanded the gym. He hopes to open a second location in the summer.
In the meantime, Mugavero has started offering virtual training.
“We’re able to operate at about 80 percent, which is fantastic,” said Mugavero.
Brian Goebel, who runs Start:ME, the microbusiness accelerator program at the Goizueta Business School at Emory University, said small businesses across the country are facing dire circumstances.
“Many of them are in a place where if they don’t receive some emergency support, it’s questionable whether they’ll be able to continue forward,” Goebel said.
Goebel recommends to small business owners who haven’t received a loan to keep in contact with their lenders.
As Congress is debating adding more funds to the stimulus program, more money may become available to business owners.
11Alive is focusing our news coverage on the facts and not the fear around the virus. We want to keep you informed about the latest developments while ensuring that we deliver confirmed, factual information
We will track the most important coronavirus elements relating to Georgia on this page. Refresh often for new information.