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Impact of COVID-19 on Small Businesses: A SmartBiz Loans Infographic

November 24, 2020 By SmartBiz Team

Small- and mid-sized businesses in the U.S. have experienced a disproportionate impact from the 2020/2021 COVID-19 pandemic. Restaurants, florists, gyms, and many, many more businesses have been affected. Fortunately, the government has put an economic relief program in place. The Paycheck Protection Program (PPP) 2021, provides forgivable funds to cover approved expenses.

The deadline to submit a PPP application is May 31, 2021. Apply here now!

SmartBiz Loans compiled updated statistics about the continuing pandemic including business closures, entrepreneur concerns, and revenue dips.

Visit the SmartBiz Loans Small Business Blog for timely information about surviving this challenging time and how you can rebuild.

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The SmartBiz® Small Business Blog and other related communications from SmartBiz Loans® are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial processionals for further information.