Most of the second round of funding, the 660 billion for the Payroll Protection Program has now been distributed. This type of bridge funding has been beneficial to several small businesses, however, many of them will run short, as there are several restrictions. Many businesses will ultimately find themselves being squeezed by their landlords in high rent districts.

Hopefully, some of those details can be worked out but landlords also need to protect their investment, and if they make exceptions, they may find themselves in a precarious situation due to the COVID-19 environment. There’s an interesting article put out by the WSJ that explains several of these details. You can read this article by clicking on the link below.

At Capital Biz Solutions, we continue to assist business owners with the capital they need. We have multiple lenders in our lending portfolio that are lending in this environment.There’s no need to run short of working capital, which is the lifeline of all businesses. Please feel free to call me directly at 508 864 7758 or email me at gene@capitalbiz.net. Our team will find the appropriate loan facility for you. Please stay safe!

https://www.wsj.com/articles/for-many-small-businesses-u-s-coronavirus-aid-falls-short-11588325404 HERE

https://www.capitalbizsolutions.com