Two-thirds of small businesses are not confident they will fully recover from the pandemic-caused economic downturn, according to a mid-June survey taken by the National Small Business Association (NSBA).
This is despite the fact that 80% of respondents applied for some kind of federal lending program, and among those, 96% were approved for either an Economic Impact disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, or both. At the start of June, many states were either fully re-opened, or on a path to re-opening, and the small-business outlook was on the way to rebounding from historic lows in April.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.