Every small business in America right now is feeling the financial pain of the COVID-19 pandemic. None of us are immune.
Some can weather the impact for a short time — perhaps a few weeks — but the recovery process will take months. And the help being promised in the federal aid package will do little to cushion the blow.
A $1,200 per individual check, or a “loans-to-grants” program to cover wages for 10 weeks will provide some relief, but it falls far short of making sure a small business can still survive when their revenue stream has been slashed by 70%, 80% or maybe even 90%.