NFIB: Small Business Needs Swift New Action In Washington

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Photo credit franz12/GettyImages
By NewsRadio 1080 KRLD

Millions of small businesses in the U.S. have been able to weather the financial havoc caused by COVID-19, but many say they will need additional help to survive long-term.

According to the National Federation of Independent Business (NFIB), 71% of small business owners who received a loan through the Paycheck Protection Program (PPP) have exhausted those funds.  And, 46% say they anticipate the need for more financial support in the next six months.

As the nation waits on Congress to produce a new coronavirus relief package, small businesses are watching anxiously. 

The NFIB's Kevin Kuhlman discussed the situation with KRLD's Chris Sommer.