Poll: Almost one in four small businesses are two months or less away from closing permanently

Twenty-four percent of small businesses say they will close permanently within two months or less due to the economic fallout of the coronavirus pandemic, according to a poll conducted by the U. S. Chamber of Commerce and MetLife released on Friday.

Eleven percent of small businesses say they will close within one month and 24 percent of small businesses are already shut down on a temporary basis, the poll, which was conducted March 25-28, found.

The poll found that it is likely that 54 percent of all small businesses will close temporarily in the next 14 days. Forty percent of businesses surveyed that have not yet temporarily closed are expecting to do so in that time frame.

The majority of small businesses surveyed also said that direct cash payments to Americans would be the most helpful aid included in the coronavirus relief package that President TrumpDonald John TrumpMilitary personnel to handle coronaviru... (Read more)

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