Small businesses started slowly recovering in June | Visa

Small businesses started slowly recovering in June

SBA-led federal aid programs and the lifting of stay-at-home restrictions are beginning to alleviate much of the burden small businesses have carried since March.

Bar chart showing the majority of small businesses received financial assistance. See image description for more information.
Bar chart showing the majority of small businesses received financial assistance through either the Paycheck Protection Program (71.6% of respondents in June vs 66.7% in May) or an Economic Industry Disaster Loan (19.4% vs. 15.4%), compared to those that received assistance through SBA Loan Foregiveness (5.9% in June vs 5.1% in May), other federal programs (2.2% in both months), or no assistance at all (23.9% vs 28.9%).