Fast Facts on U.S. Small Businesses

The stimulus package for small businesses appropriated by the U.S. Congress has reportedly already run out of money, as small businesses around the country continue to struggle due to COVID-19 restrictions.

In the U.S., there are over 20 million businesses with less than 500 employees. The country has a total of 135 million employed in small businesses, contributing to a total annual sales number of nearly $9 trillion. With small businesses struggling to retain a fraction of their regular sales and employees amidst the COVID-19 pandemic, the hit to middle- and lower-class citizens could be greatly exacerbated if additional stimulus funds aren’t allocated by Congress.