Time and money are running out for many small business owners. many small businesses have benefited from short-term aid like the federal 10 weeks of payroll and other expenses. Whilemany small businesses have benefited from short-term aid like the federal Paycheck Protection Program loans , that money was only intended to cover10 weeksof payroll and other expenses. Now 84% of small businesses say they will have used up their PPP loans by the first week in August, according to a survey taken last week of 1,500 businesses that participated in a Goldman Sachs' training programThe question is: Now what? More than 60% of respondents to the survey said their revenue is still less than three-quarters of what it was before the pandemic.

Source: CNN July 15, 2020 22:07 UTC