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

U.S. small businesses face mass closures without more pandemic aid - Reuters 1

Colt now fears she may have to shutter her business permanently. Many small businesses nationwide are reaching similar breaking points in an economy with the highest unemployment rate since the Great Depression. Small firms have survived the pandemic so far with a mix of government aid, forbearance on debt and rent and creativity in selling to an increasingly homebound and financially distressed populace.

As the first wave of U.S. aid runs short – and landlords and lenders lose patience – lawmakers are in tense negotiations over a new round of stimulus, which could include more money for small business.

Source: U.S. small businesses face mass closures without more pandemic aid – Reuters