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Tuesday, 14 September 2021 23:07

‘It Was a Sucker Punch’: Few Options for Small Business Relief During Delta Surge

Written by Ben Werschkul, Yahoo Finance

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Earlier this year, the government’s key lifeline for small businesses ended when the Paycheck Protection Program ran out of money and stopped accepting new applications at the end of May.

Since then, the U.S. economy’s outlook has become more unsettled following the summer surge in cases driven by the Delta variant of COVID-19.

 

“It was a sucker punch,” Richard Hunt, president and CEO of the Consumer Bankers Association, told Yahoo Finance Live.

 

Hunt, whose trade association represents banks with $14.5 trillion in assets or about 79% of all assets in the U.S., added that “yes, it did hurt small businesses as consumers' confidence went down.”

 

To read more, see Yahoo Finance.