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How to pay rent this month as a small business owner in the United States or Canada? Everything is no longer all great in America. The top 10 most-impacted U.S. States with more than 90% of small businesses on the brink of collapse due to the Coronavirus epidemic reflect swings this week.The saddest US States for small business owners are :

  • Montana (97%)
  • District of Columbia (94.7%)
  • Minnesota (93%)
  • Hawaii (92.3%)
  • Louisiana (92.3%)
  • Oregon (92%)
  • Arkansas (91.1%)
  • Kentucky (91.1%)
  • New Jersey (91%)
  • Idaho (90.8%)

Here are some answers from a survey done by alignable.

  • 340K small business owners to date have weighed in. Amazing participation, let’s keep that momentum going.
  • “Impact on the decline” appeared on the Impact Over Time Chart for the first time!About 4% of small business owners in31 states & 6 provinces signaled this trend.
  • Other States & Provinces are way UP or way DOWN: 40 states & the District of Columbia also reported overall increases in impact. And 10 had steep decreases. It’s like riding a see-saw.
  • The overall impact is still high, remaining around 85%.
  • CARES ACT LOAN UPDATE — A bit better.
    • 38.8% didn’t apply
    • 30.2% applied, haven’t heard back
    • 9.8% tried to apply, unable to submit
    • 4.4% were denied
    • 5.2% were approved, but haven’t received funds
    • Only 11.6% were approved & have cash (up from 8%)
  • Lacking funds, 34% of small businesses can’t pay May rent