During the global pandemic, America's small businesses have taken a hit and it is hurting Americans across the country.
"Small and medium-size businesses (SMBs) account for roughly 48 percent of the US economy and provide employment to about 60 million people in the United States...
Thirty million small-business jobs are vulnerable - a higher share than at larger private-sector employers...
The challenge is especially acute for small businesses (those with 500 or fewer employees), which account for a disproportionate share of the vulnerable jobs. Before COVID-19, they provided nearly half of all US private-sector jobs, yet they account for 54 percent (30 million) of the jobs most vulnerable during COVID-19. Specifically, half of jobs at firms with fewer than 100 employees are vulnerable, compared with 40 percent of those at large private-sector employers " - McKinsey & Co
It is time to help small businesses that are the lifeline for many of the MAIN STREET Americans. They should NOT bailout large banks and public corporations again. Please reach out to your US Representatives as well as Senators.
Request your Representative and Senators in Congress to pass laws to allow loan forgiveness to small businesses of SBA loans of under 5 million for companies with 500 or fewer employees.
GOD BLESS AMERICA!