‘Shark Tank’ investor Kevin O’Leary: 20% of small businesses that got federal loans will fail
Kevin O’Leary told CNBC on Thursday that he believes around 20% of small businesses that received federal loans to weather the coronavirus pandemic won’t ultimately survive.
“They’re going to go bankrupt because this loan provision is really a Feb. 15 to June 30 event and if you haven’t figured out alternate distribution strategies by then, you will fail,” the “Shark Tank” investor said on “S…