Originally Posted by
OTZeagle1
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."
“I think that this is going to be maybe 20%, even 30% of small businesses could fail even in a good scenario,” she said.
That's why the stimulus package is giving forgivable loans to these companies long as they keep their staff employed. All restaurants are not going out of business in 17 days.