U.S. small businesses face mass closures without more pandemic aid

Reuters/Ann Saphir and Jonelle Marte

grpahic representation of Main Street
“Most firms have already run out of the money they secured from the $600 billion Paycheck Protection Program, according to a survey released this week from the National Federation of Independent Business, a leading trade group for small U.S. firms. The federation also found in early July that 23% of respondents expected to be out of business within six months unless economic conditions change.”

USAGOLD note:  Just when you thought things couldn’t get worse ……  Main Street is taking a hit and many are beginning to wonder when and where it all ends.

Repost from 8-1-2020

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