The global shutdown following the eruption of the COVID-19 pandemic has severely crippled countless businesses—with SMBs being the hardest hit. Whereas bigger businesses have the resources to weather the turbulent times, the same cannot be said for small businesses—which often small margins and scarce cash reserves.

The effects of the pandemic and the ensuing response from countries worldwide have been devastating. The blow-back has been non-discriminatory, affecting small and larger business establishments alike.