We have seen the unemployment rate rise north of 16% with over 40 Million unemployment claims filed. A staggering amount! The government has flooded the economy with 10 trillion dollars in stimulus money with PPP loans, and several other loans from the Cares Act. Some of this liquidity has been a saving grace for many business owners who were at least able to stabilize some parts of their ongoing enterprise. Other businesses will find it difficult to continue and will be forced into bankruptcy. Most of the liquidity on the PPP loans will be exhausted in the next 90 days or so.
The question is how is your company positioned, and how much more liquidity will you need to continue to grow or stabilize your business? Traditional banks will be tightening their lending parameters as underwriting guidelines have changed and risk measures continue to increase.
At Capital Biz Solutions, we have a multitude of lenders that are still lending in this difficult environment. Whether your seeking to purchase an asset, fund your receivables, or acquire a business., Capital Biz Solutions has several lending solutions that can help create cash flow for your business. Please visit us on the web at capitalbizsolutions.com or simply call us at 508 864 7758. We are happy to help because satisfied clients are the key to our success, and we achieve our goals, one client, at a time.