According to Facebook’s State of Small Business report, 31% of small businesses and 52% of personal businesses have stopped operating as a result of the crisis
What’s Next For The Hospitality Industry: Experts Dish On Best Practices For Hotel And Restaurant Re-Openings
Businesses that have been able to maintain operations still face significant hurdles, namely access to capital and customers. Some 28% of businesses surveyed say their biggest challenge over the next few months will be cash flow, while 20% say it will be lack of demand. “We were already in the process of developing this report before the coronavirus pandemic hit,” Sandberg says. “We expected it to be a pretty rosy tale back then of low unemployment, flourishing entrepreneurship, and jobs growing all over the world. Fast forward to today and we’re in a very different position.”Facebook, an ecommerce product that allows businesses to set up online “storefronts” on Facebook and Instagram.
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Small Businesses Owned By Women And Minorities Are Struggling To Get Coronavirus LoansThe Small Business Administration was supposed to give guidance to lenders to prioritize underserved small businesses, but the agency’s inspector general found it did not.
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Cuomo: New York Launches $100 Million Small Business Relief ProgramN.Y. Governor Andrew Cuomo said today that the number of new coronavirus cases in his state continues to decline—with 2 more regions planning a phased reopening of businesses next week by skleb1234
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Stimulus money hasn't saved these small businessesIt's becoming clear that the Paycheck Protection Program loans won't be enough to save many small businesses as the coronavirus pandemic continues for longer than most people, including the lawmakers who drew up the economic stimulus bill, expected.
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How a small Michigan company reopened, averting a coronavirus outbreakUnited Precision Products is using a test that uncovered six infected carriers in its workforce.
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Donated plasma benefits COVID-19 patients in small U.S. studyPatients with severe COVID-19 given plasma from someone who recovered from the disease were more likely to stabilize or need less oxygen support than other similar hospital patients, according to results of a small U.S. study released on Friday.
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Why This PPP Loan Data Might Actually Be Good News For Small BusinessThe Paycheck Protection Program or PPP is finally getting loans to the small businesses and self-employed individuals who need it the most. However, it is fintech firms who are now leading the charge in helping small business during the Covid-19 crisis.
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