With many small business owners in danger of running out of cash as their businesses remain closed in the coronavirus crisis, fintech companies are lobbying to disperse government relief funds to them. Many in the small business community say that by that point, many businesses, particularly very small ones with inadequate cash reserves and no money coming in, will already have closed. The vast majority of all small businesses are nonemployer firms, meaning they are solo firms or partnerships that have no employees on payroll. In this image from video, Senate Majority Leader Mitch McConnell, R-Ky., speaks on the Senate floor ... [+] at the U.S. Capitol in Washington, Saturday, March 21, 2020. Kevin Kelly, CEO of Emerald Packaging, a 250-employee manufacturer in Union City, Calif., as well as a landlord to several small businesses, is among them.

Source: Forbes March 22, 2020 23:02 UTC