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Karen Webster

CEO, Market Platform Dynamics

178356 followers 500+ connections
The $350B SBA PPP COVID-19 relief fund is intended as a lifeline for small- to medium-sized businesses (SMBs) whose businesses have hit hard by coronavirus. Yet PYMNTS research on 700+ Main Street SMBs shows that even with that lifeline, the cash gap between what these businesses need to stay afloat and the time they think it will take for business to return is still too large for many to cross. Just as many Main Street SMBs think they will fail or that their business is at risk after PPP funds became available as did the week before the plan became known — and so may not even get in line. Here’s what new data shows these Main Street SMBs need from the government — and why. …see more

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