Tuesday, January 17, 2023
Coming Due
Millions of small businesses have to repay loans taken from the government during the COVID downturn. They can't afford it and now they are publicizing their plight. It is a fair use of PR. They are drawing attention to a situation which can bankrupt them and if that happens, the government won't get its money back anyway. The problem is that business hasn't recovered since COVID ended and now the country is heading into a possible recession, which will hammer small companies again. The question is how much should small business owners suffer? They acknowledge they freely took the loans. They want to pay them back, but they can't. Not now and in some cases, not ever. It is a question only government can answer.
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