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Many struggling small businesses face bankruptcy fate in Covid-19 pandemic

Almost all businesses felt the impact of the Covid-19 in the year 2020 with up to 79% of small businesses with a moderate-to-large negative ...


Almost all businesses felt the impact of the Covid-19 in the year 2020 with up to 79% of small businesses with a moderate-to-large negative effect from the pandemic, according to August 2020 U.S. Census Small Business Pulse Survey, full story here https://www.forbes.com/sites/advisor/2020/08/25/bankruptcy-may-not-be-answer-for-struggling-small-businesses/#1589517f7267

Around the world, many more traditional businesses are encouraged to transition to pure digital based business for the next few months with most government agencies encouraging the measures with grants, endowments and other forms of financial aid, mostly to tide over the Covid-19 crisis until a viable vaccine is available widely for everyone.

While surveys find that 20% of small businesses would not survive the pandemic including religious organizations, many are turning to online deliveries and other creative ways such as growing their own food to survive.