In March, the President predicted a strong and quick economic recovery from the COVID-19 crisis. Unfortunately – and at no surprise to most small business owners – the economic decline continues with no real end in sight.
Most patients diagnosed with COVID-19 will make a full recovery within a few weeks. In contrast, small businesses don’t know when or if they will ever recover from this unprecedented national crisis. What they do know is that they will not come out unscathed. There are no cures or easy fixes for the financial strain that business owners are experiencing. Although the federal government has put programs into place to help struggling small business owners, for some, the economic injuries are already too deep. For others, the programs are a stop-gap that will help them stay open only to face an uncertain future.