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Two-thirds of small businesses are not confident they will fully recover from the pandemic-caused economic downturn, according to a mid-June survey taken by the National Small Business Association (NSBA).

This is despite the fact that 80% of respondents applied for some kind of federal lending program, and among those, 96% were approved for either an Economic Impact disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, or both. At the start of June, many states were either fully re-opened, or on a path to re-opening, and the small-business outlook was on the way to rebounding from historic lows in April.

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