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by justaguyhere 2226 days ago
While everyone (biz or not) should have an emergency fund, this is not always possible. For example, restaurants - they already operate on razor thin margins, creating a 6 month emergency fund might not be that easy.

Plus, this virus is likely going to last more than six months - even if some businesses did have 6 month savings, what happens after?

1 comments

None of those small, low-profit businesses are receiving benefit from this Federal reserve money.
Where do you think the money for PPP loans is coming from?
The money may be coming from the Fed, but very little of it is going to small businesses. [1] What's more, PPP makes up a tiny fraction of the Fed's current coronavirus response.

[1] https://www.nytimes.com./2020/04/26/business/coronavirus-sma...