as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
given the following statement, create a statistic or numerical figure to back it up: many small businesses are having difficulties due to the current pandemic
user
according to the us small business administration, over 70% of small businesses have reported negative financial effects from the covid-19 pandemic.
assistant