A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020, in New York. Many small businesses benefited from a government emergency loan program during the pandemic, but its effectiveness is still in doubt.

NEW YORK CITY – APRIL 17: A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020 in New York City, United States. New York City has been the hardest hit city in America from COVIT-19, with overwhelmed hospitals and a struggling economy.