The Small Business Nightmare

A tidal wave of small business bankruptcies

The Covid-19 pandemic has turned the world upside in a matter of weeks. Over a third of the world population is under lockdown, economies are in freefall and the disease continues to spread. The size and scale of this disruption is unlike anything we have seen in decades, and the depth, severity and speed of this recession is perhaps unlike any other recession we have previously experienced.

In just over one month 30 million Americans have filed unemployment claims, an astonishing…