How dire are things for small businesses?
My company processes credit card payments for small business. In the last week we& #39;ve lost $425,639 in revenue - just from our small cut of transactions.
The businesses themselves are losing 50% of their revenue. Restaurants are down 75%
My company processes credit card payments for small business. In the last week we& #39;ve lost $425,639 in revenue - just from our small cut of transactions.
The businesses themselves are losing 50% of their revenue. Restaurants are down 75%
The brutal math for small businesses:
The average small biz we serve makes about $11,500 a week in revenue.
Right now they& #39;re losing $5,700 a week.
The median small business has savings of $12,000.
So basically they can last two weeks until bankruptcy https://twitter.com/DanPriceSeattle/status/1247703796777734149">https://twitter.com/DanPriceS...
The average small biz we serve makes about $11,500 a week in revenue.
Right now they& #39;re losing $5,700 a week.
The median small business has savings of $12,000.
So basically they can last two weeks until bankruptcy https://twitter.com/DanPriceSeattle/status/1247703796777734149">https://twitter.com/DanPriceS...