"The former head of the Small Business Administration under Barack Obama hailed the arrival of the coronavirus stimulus package, but warned of catastrophic outcomes for a large number of American small businesses.
“I think we are going to lose a lot of small businesses here,” said Karen Mills on Yahoo Finance’s The Final Round. “There’s always small businesses on the edge. You know, this is clearly going to push some of them over.”
According to Mills, currently a Senior Fellow at the Harvard Business School, small businesses have just around 27 days on average in cash. Restaurants have even less, with 17 days of cash on average. And if you run out of cash, Mills said, "you're dead."
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