Small business gets sick
Our lives have changed with the coronavirus crisis. But have they changed forever? In this installment of Does This Change Everything? we try to find out why everybody is talking about the impact on small businesses. Why are they hit especially hard? And what could be done to help?
To find out what coronavirus means for small businesses, we spoke to Anna Fusari, who is the European Investment Bank’s head of division for banks and corporates in the Adriatic Sea region. The reason we’re speaking about small businesses with someone who lends to banks is that the European Investment Bank finances small businesses through local banks. Additionally, Anna has been working hard on the EIB’s response to help SMEs affected by COVID-19.
For SMEs, coronavirus created a demand and supply shock that squeezes small businesses between falling demand and paying the rent. How can they survive?
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