As one would expect, shutting down businesses for extended periods of time leads to businesses going under for impaired cash flow from lack of revenue. Back in August 2020, Bloomberg reported that more than half of all small business owners feared their businesses wouldn’t survive. They were right.
According to a September 2020 economic impact report by Yelp, 163,735 U.S. businesses had closed their doors as of August 31, 2020, and of those, 60% — a total of 97,966 businesses — were permanent closures. As noted by Senger ....<<<Read The Full Article Here>>>...