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Shuttered Small Businesses Say They Can't Pay Rent
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Small businesses have very little room for error. With an average of just 27 days of cash on hand, even a minor downturn in business can mean financial disaster.
And being closed for three weeks to help prevent the spread of the coronavirus is much more than a minor downturn in business.
Jenette Goldstein, who owns a bra-fitting boutique with four locations in L.A. County, laughed when I asked what her sales have been like the past three weeks. She told me she has no idea how she will pay rent.
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