"I would rather pay my staff than buy a new van and I think everyone is thinking that way right now. It's rough out there for small businesses."

Columbus, Ohio bakery owner Letha Pugh commenting to CBS News/Marketwatch for its recent report, “44% of U.S. Small Businesses Have Less Than 3 Months' Worth of Cash, Report Finds.” An even greater share—51%—of Black-owned small businesses have less than three months' cash on hand, according to the same survey.