Small businesses hit hard in Q1 by the pandemic | Visa

Small businesses hit hard in Q1 by the pandemic

Survey of small businesses in Q1-2020 showed half were either at risk of closing (45 percent) or anticipated they would need to close (5 percent) because of the COVID-19 pandemic.

Two line charts for the risk index. See the Image description.
Two line charts for the risk index, indexed to 100 with delinquencies reaching a low of 55 in Q2-2016 and ending 2019 at 65.6, then rising above that in Q1-2020 as charge-offs also increased for the quarter.