Main Street's Six-Month Checkpoint

This report draws on data from close to 500 Main Street SMBs across the U.S. collected on Aug. 6 through Aug. 10, 2020, about how SMB finances have changed since the COVID-19 pandemic was declared in March. Areas examined include the extent to which crisis mitigation legislation such as the Paycheck Protection Program (PPP) has or has not helped SMBs regain their financial standing, and how they are planning to prepare their businesses for the likely possibility that they will be forced to endure ongoing disruptions.

A PYMNTS special report

Inside the September study:

• 75 percent: Portion of Main Street SMBs whose revenues are down as a direct result of the COVID-19 pandemic
• 39 percent: Share of Main Street SMBs that do not have enough revenue to stay open for even a week in the event of a revenue disruption
• 42 percent: Portion of Main Street SMBs that have reduced payroll to help mitigate the pandemic’s financial impacts