Now that the $349 billion stimulus aid for small businesses has run out, founders will have to turn to other sources for emergency funding.
A customer waits for their order inside a nearly empty Tasty Burger restaurant in Cambridge, MA, on March 11, 2020.is hitting small businesses especially hard as customers practice social distancing, states enact forced closures, and events get canceled.Now that thehas run out, founders will have to turn to other sources for emergency funding.
Here is a list of emergency funding resources available right now from public and private sources for small businesses suffering economic disruption due to the coronavirus. The economic consequences of the coronavirus pandemic are hitting small businesses especially hard as customers practice social distancing, states enact forced closures, and events get canceled., and they employ more than half of the workforce.
According to US government research, natural disasters cause 40% of small businesses to fail, while one in four small businesses will close within a year of the event.to kick off a painful recession that could further impact the survival of small businesses.
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