We recently shared the results of a survey conducted among 1,000 small and midsized businesses about how they’ve been affected by the Covid-19 pandemic and their outlook for the future. Now that some things have changed, such as the passage of the CARES Act, the Paycheck Protection Program loans, and a few weeks of experience, we’re back with a second round of survey results! A few key numbers that jump out:
- Nearly 2/3 of businesses have started to apply for SBA assistance
- 1/5 of small businesses are now providing virtual services
- Nearly 2/3 of small businesses think it will take 3 months or longer to return to pre-pandemic business
See the full results at https://bit.ly/2VrplqA!This blog does not provide legal, financial, accounting, or tax advice. This blog provides practical information on the subject matter. The content on this blog is “as is” and carries no warranties. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. ©2020 ADP, LLC. All Rights Reserved. RUN Powered by ADP® is a registered trademark of ADP, LLC.