Small Business Relief
Due to stay-at-home orders and social-distancing guidelines, small businesses have faced drastic losses in revenue. Here, we outline the specific problems related to small businesses in the US, policies and organizations in place to help mitigate this, and highlight what is still lacking.
CURRENT GAPS in POLICY
Many policies have yet to be fully implemented. For instance, the CARES act has still not been able to be fully deployed.
The funds for some of these programs, like the Paycheck Protection Program, have already run out. This is partially due to larger businesses receiving funds through loopholes.