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Axios' Sara Fischer (L) and Sameka Jenkins, owner Carolima’s Lowcountry Cuisine. Photo: Axios screenshot.

Many small businesses would have gone under without financial aid during widespread closures caused by the coronavirus pandemic, Carolima’s Lowcountry Cuisine owner Sameka Jenkins said at an Axios virtual event Tuesday.

Zoom in: Jenkins said her South Carolina-based company received an Economic Injury Disaster Loan from the Small Business Administration to ease the financial effects of the crisis.

  • The loan allowed the business to serve clients online, provide them with new products, and market the business, Jenkins said.
  • "We wouldn't have been able to do that without the EIDL," Jenkins said.

But, but, but: Jenkins warned small business owners to be smart in how they use the funding.

  • "[Y]ou need to be very strategic in how you use those funds to keep your business afloat because we don't know how long this is going to last."

Go deeper

Oct 30, 2020 - World

Belgium imposes lockdown, citing "health emergency" due to influx of COVID-19 cases

Belgium Prime Minister Alexander De Croo. Photo: THIERRY ROGE/BELGA MAG/AFP via Getty Images

Belgium is enforcing a strict lockdown starting Sunday amid rising coronavirus infections, hospital admissions and a surge of deaths, Prime Minister Alexander De Croo announced on Friday.

Why it matters: De Croo said the government saw no choice but to lock down "to ensure that our health care system does not collapse." Scientists and health officials said deaths have doubled every six days, per the Guardian.

16 hours ago - Health

Ipsos poll: COVID trick-or-treat

Data: Axios/Ipsos poll; Note ±3.3% margin of error for the total sample size; Chart: Andrew Witherspoon/Axios

About half of Americans are worried that trick-or-treating will spread coronavirus in their communities, according to this week's installment of the Axios/Ipsos Coronavirus Index.

Why it matters: This may seem like more evidence that the pandemic is curbing our nation's cherished pastimes. But a closer look reveals something more nuanced about Americans' increased acceptance for risk around activities in which they want to participate.

Oct 31, 2020 - Health

Fauci: COVID-19 hotspots have materialized across "the entire country"

Anthony Fauci. Photo: Graeme Jennings/AFP via Getty Images

The United States is "seeing hotspots literally throughout the entire country," with a countrywide average of 70,000 COVID-19 cases per day, NIAID director Anthony Fauci told the Silicon Valley Leadership Group's annual forum Friday.

Driving the news: The U.S. hit another grim milestone on Friday, with the total number of confirmed coronavirus cases surpassing 9 million as new infections surge across the country, per data from Johns Hopkins University.

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