Author(s): Ruba Nimer Abu Shihab & Shatha Yousef Abdul Khaliq
The study aims to highlight the most important implications of the Corona pandemic on the financial performance of small, and medium businesses in Jordan by distributing a survey to a sample of small business owners. The study resulted in finding that the sales of 37% of businesses declined by more than 50% since the last quarter of 2019, and that 78% of them suffered from a 6-months decline in profits. 40% of the study sample believes that their business will be closed if the crisis continues because they cannot fulfill their financial obligations towards suppliers. Therefore, the study recommends taking measures to help those small, and medium businesses. Those measures can be applied by providing a range of financial facilities such as: postponing the installments of credit facilities for small businesses, providing tax and customs exemptions, and directing business owners and the parties concerned to work on postponing rent payments.