Weeks Into Pandemic, Small Businesses Face Deepening Challenges of COVID-19, Latest Wave of Study by Thryv, Inc. and America’s SBDC Shows
Summary
The week-over-week study also uncovered a shift in those planning to apply for an SBA Economic Injury Disaster Loan. “ SMBs feel vulnerable now and they should consider going to SBA.gov to apply for the loans or to AmericasSBDC.org where they can locate their local SBDC center and get guidance.” Additionally, the new study found that three of four respondents were temporarily closed for business. The research supports the integral role small businesses play and the value they bring to the economy. Thryv provides modernized business functions allowing them to manage their time, communicate with clients, and get paid. These include building a digital customer list, communicating with customers via email and text, updating business listings across the internet, accepting appointments, sending notifications and reminders, managing ratings and reviews, generating estimates and invoices, processing payments, and issuing invoices and coupons.
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