Some of the hardest-hit small businesses saw monthly revenues return to pre-pandemic levels this year, according to recent QuickBooks data. In fact, nationally, monthly revenues were higher than pre-pandemic benchmarks. In the small business realm, recovery is certainly taking hold.
But running a small business in 2021 isn’t any easier than it was in 2020. The COVID pandemic is still at the forefront of every small business owner’s mind. Many are still struggling to operate under COVID restrictions, dealing with inadequate staffing, and working overtime to keep customers and employees safe.
The Paycheck Protection Program, which provided more than $780 billion in forgivable loans to more than 10 million borrowers, ended on May 31, 2021. But business owners in need of financial relief still have a few options. At least, for now.