Small businesses are often fighting with major ones for desperately needed loan money.
With retailers such as Amazon delaying shipping, small businesses are coming through in a big way.
On the other hand, the diner-style restaurant chain Denny's had more than 1,700 locations and over $500 million in operating revenue last year, according to SEC filings. It is also eligible for the program, and a spokesperson told ABC News,"Denny's is looking into all available remedies," including"analyzing all available options under recent federal stimulus programs."
Rhonda Abrams, the founder of PlanningShop, an educational source for entrepreneurs in Southern California, said bigger businesses are better positioned to sift through what can be a complicated application process and ultimately be approved for a loan quickly because they have more resources. Donovan Lindley, left, owns shoe stores in Palm Springs, Calif., and Flagstaff, Ariz., both of which he's had to shut down due to coronavirus.In the case of franchises, Abrams said, they can often turn to their corporate headquarters for information and help understanding their options.
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