Economically speaking, COVID-19 has been particularly virulent for small businesses. We’ve all seen the “closed for good” signs on the doors of favorite restaurants, retail shops and other businesses that were at least holding their own just a few months ago. Tens of thousands have failed, and even more are still struggling to stay afloat.
Jay DesMarteau, head of commercial distribution at TD Bank, discusses a recent TD small business survey on the pandemic’s impacts, and also what more financial institutions can do to help these small but vital companies stay in business.
