U.S. Small Business Administration (SBA), that’s exactly what they did last year."Last year, shoppers came together in full force to support their local communities, and Small Business Saturday hit a record high with an estimated $19.8 billion in reported spending," the SBA said in a news release. "This year, holiday consumer spending is projected to break new records."A 'Small Business Saturday' sign is displayed outside the Fishs Eddy store on Nov.
28, 2020, in New York City. (Photo by Alexi Rosenfeld/Getty Images) Small businesses have faced great uncertainty throughout the COVID-19 pandemic.
Many had to redesign their business model when gathering indoors became unsafe.The SBA said 6 million small businesses have relied on federal aid.