Part of the reason for this situation is that in the United States, the government lacks real-time statistics on small businesses; In addition, because these small-scale operators basically have no foreign debts, the bankruptcy process is very simple and convenient, and they can apply for it by themselves without the publicity process of bankruptcy court.
"In the United States, if a small enterprise like ours can't do it anymore, just call the public sector, turn off services such as water, electricity, coal and telecommunications, and then close the door directly." An interviewed small business owner said.
But at present, the problem in the United States is that the number of factories forced to close has "greatly exceeded the normal level, and the whole country is in a disastrous economic situation."
In the United States, even in a stable economic environment, the daily loss of small businesses is high. According to SBA data, only half of these small-scale enterprises can survive for five years. At present, the rapid spread of the COVID-19 epidemic in the United States has caused a sharp decline in economic activities, which has dealt a heavy blow to the survival of small businesses.