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American small businesses have experienced significant revenue hits since COVID-19 began, but the majority are now fully open as shutdown restrictions lift across the country.
A report released on Wednesday by Kabbage — an American Express company — found that 57% of the more than 550 surveyed small businesses were fully open. The high reopening rate is partly due to a shift to online operations during the pandemic, with one-third of businesses saying they now exclusively sell online or have shifted to both online and in-person operations.
“The shift to online has reset revenue expectations across details ⇒
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