- 7.5 million small businesses will shut permanently if business disruption caused by Covid-19 continues unabated, according to a new survey from Main Street America.
- More than 90% of the 5,850 business owners polled have fewer than 20 employees.
- The federal government is trying to limit the toll on business owners via low-interest and forgivable loans
Around two-thirds of entrepreneurs said they may have to shut forever if business disruption continues at its current rate for up to five months, according to a survey published Tuesday by Main Street America, a network of more than 1,600 commercial districts comprising 300,000 small businesses.
More than 30% are at risk if the status quo persists for two months, according to the survey, which polled in excess of 5,850 small business owners..."
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