09 JUN 2021
Survey: Black Business Owners Face Uneven Recovery
The impact of COVID-19 on small businesses and communities all over the world is significant. In our latest survey, 57% of Black small business owners say they are still struggling financially due to the continued impact of COVID-19 and only 10% are very confident they will be able to maintain their payroll when their PPP loan funding is exhausted.
Consistent with our firm’s purpose of advancing sustainable economic growth and financial opportunity, Goldman Sachs is committed to supporting relief efforts, elevating the voices of our small business community to policymakers, and working across sectors on innovative sources of funding.