Personal-finance website WalletHub has released the results of its Coronavirus Small Business Survey.
Unsurprisingly, ordering non-essential businesses to close in many parts of the country has taken a serious toll on small business owners, with 87% of them reporting they are struggling.
The survey took a look at how the coronavirus pandemic has affected business owners’ livelihoods and opinions on various topics. Responses come from 200 small business owners across the country.
Key findings include:
- Owners worry about failure: 35% of small business owners say their business can only survive for less than three months in current conditions.
- Health comes before money: 79% of small business owners think that minimizing COVID-19 deaths is more important than re-opening the economy.
- Business owners don’t want more restrictions: 60% of small business owners think restrictions placed in response to COVID-19 should stay the same or be relaxed.
- Many business owners feel neglected: 68% of small business owners think that the government is not doing enough to help small business right now.
Small business owners will hope to find some relief in the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act Phase III Stimulus package recently approved by President Trump.
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You can view the full results of WalletHub’s Coronavirus Small Business Survey in the graphic below.
This article originally appeared on our sister publication Security Systems & Integration‘s website.
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