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Overall, these first estimates of impacts of COVID‐19 on small businesses from the April 2020 CPS indicate that losses were spread across demographic groups and types of business—no group was immune to negative impacts of social‐distancing policy mandates and demand shifts. But, they also reveal a partial bounce back for all groups. Although there is no way to know at this time if these business closures will be permanent each month of inactivity has an impact on the revenues, profits, and employees of these businesses 

 

https://www.mckinsey.com/featured-insights/americas/which-small-businesses-are-most-vulnerable-to-covid-19-and-when