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General Business Mar 2021 - "Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic"

General Business Mar 2021 - "Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic"

Excerpt

Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic

As businesses attempt to work their way through to a post-pandemic world, there are various means to bridge the financial gap. As recommended by the U.S. Small Business Administration (SBA), some companies can use a line of credit to reach international customers or opportunities outside the United States to make up for the damage COVID-19 caused with fewer domestic sales. How can businesses use a line of credit to increase their chance of survival and pivot to profitability as we move through 2021?..............

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