Credit solutions for companies with urgent cash needs
Public policy measures put in place to contain the spread of COVID-19 are resulting in significant operational disruption for many companies. Some now face weeks, if not months, of exceptionally poor trading conditions. For most, the revenue lost in this period represents a permanent loss rather than a timing difference and is putting sudden, unanticipated pressure on working capital lines and liquidity. This article discusses credit solutions for companies with urgent cash needs due to the COVID-19 outbreak.
Topics covered in this article:
• In what ways COVID-19 is impacting companies’ liquidity
• Suggested approaches to create cash flow
• Questions about how much money is needed for how long and from whom it can be obtained