A start-up founder says that the collapse of SVB has plunged her small business into crisis – leaving her unable to pay her employees as Etsy sellers fear that they won't be able to pay their rent after being left with nothing as funds continue to be frozen. CEO of Strongsuit, Lindsey Michaelides, founded the company in 2018 and has been left unsure of how her business could recover – urging people to understand it is not just the The mother-of-four learned of the 'precarious' situation with her bank on Thursday, and removed all off the funds to a different bank bar $250k to cover expenses and payroll of 15 staff.
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