A big help to small business

Emma Phipps

Across the USA, small- and medium-sized businesses (SMBs) are suffering from closures, restrictions, and changes brought about by COVID-19 and many are scrambling to stay in business.

Across the country, small- and medium-sized businesses (SMBs) are suffering from closures, restrictions, and changes brought about by the novel coronavirus, and many are scrambling to do what they can to stay in business.

According to Walter Frye, VP of global brand engagement and design at American Express, one out of every four small business owners stopped paying themselves a salary to remain open. "We were also surprised to learn that 62 percent of U.S. small businesses said that they needed to see consumer spending return by the end of the year in order to stay in business," he adds,...

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