WASHINGTON–More than a third of small-business owners are saying their business can only survive for less than three months under the current conditions of the coronavirus pandemic, according to a new survey.
The survey found 87% of small business owners saying they are already beginning to struggle, according to the survey from WalletHub.
Among the key findings in the survey:
- 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.
The report reflects the results of a nationally representative online survey of over 200 small business owners, WalletHub said.