For restaurants Covid-19 was a crisis – pandemic loans are proving a disaster - short news
Low-interest loans kept many eateries afloat. But the industry never recovered enough for them to repay the debt
For almost 20 years, Jai Mazumdar has served vegetarian curries, samosas, gulab jamun and other Indian delicacies at Spice N Curry, a cafe and grocery nestled inside a modest strip mall near Florida International University (FIU) in Miami. When the Covid-19 pandemic devastated his business, as it did with so many restaurants, Mazumdar took out a $370,000 economic injury..
source: The Guardian - 16.10.2026