{"id":208,"date":"2019-08-07T20:30:05","date_gmt":"2019-08-07T20:30:05","guid":{"rendered":"http:\/\/capfront.net\/?p=208"},"modified":"2022-11-10T15:48:49","modified_gmt":"2022-11-10T15:48:49","slug":"the-benefits-of-getting-a-line-of-credit-during-an-event-like-the-coronavirus","status":"publish","type":"post","link":"https:\/\/capfront.net\/es\/the-benefits-of-getting-a-line-of-credit-during-an-event-like-the-coronavirus\/","title":{"rendered":"The Benefits of Getting a Line of Credit During an Event Like the Coronavirus"},"content":{"rendered":"

Just a few months ago, coronavirus was a relatively unknown virus in the U.S. Today, that same virus has sickened more than 15,000 people<\/a>, with the number rising every day.<\/p>\n

State and local governments across the country are taking measures. To limit the spread of COVID-19, many are choosing to shutter stores and other businesses.
\nSmall businesses everywhere are faced with having to close their doors or change their operations. Unfortunately, most are also suffering financially as a result.<\/p>\n

If you own a small business, keep reading to learn why getting a line of credit during this or any other crisis might be the right move.<\/p>\n

Keep Your Business’ Credit Score High (Or Start Working to Improve It)<\/strong><\/h2>\n

COVID-19 is set to have devastating effects on small businesses across the nation. While paying rent and keeping your store open might be at the front of your mind, it’s important not to forget about life after the virus stops spreading.<\/p>\n

In the future, cities will open back up and people will spend money again. If your business has focused only on the present, your finances may be in worse shape that they need to be.<\/p>\n

Doing what you can to keep your small business’ credit score high<\/a> or continuing to work on improving it is essential, even in the midst of COVID-19. A line of credit can help your business do just that.<\/p>\n

Stock Up on In-Demand Products<\/strong><\/h2>\n

Many businesses are facing declining sales. Others are finding themselves with an influx of customers looking to stock up.<\/p>\n

Does your business stock shelves with toilet paper or hand sanitizer? Buying up as much as you can to keep your customers supplied and your business in operation takes cash.<\/p>\n

A line of credit can help you gain access to funds to fill your shelves and keep your business open during these tough times.<\/p>\n

Keeping Your Payroll Open<\/strong><\/h2>\n

Small businesses in the U.S. employ more than 58.9 million people<\/a>. As many businesses are being forced to close their doors, employees are finding themselves caught in the middle.<\/p>\n

Some small businesses are finding ways to continue working. Many with a few changes to their operations.<\/p>\n

Restaurants are switching to carry-out or delivery. Stores are offering curbside pick-up or doubling down on their online sales.<\/p>\n

But with sales dropping in most industries, even these changes may still lead to layoffs and hour cuts.<\/p>\n

If you’re eager to continue paying your loyal employees through this crisis, opening a line of credit can help. You can use it to continue ordering supplies, keeping your funds open to pay employees on pay day.<\/p>\n

When COVID-19 fades into history and business continues as usual once again, you’ll want to have those loyal, trained employees around to get your company back on track.<\/p>\n

Getting a Line of Credit During the COVID-19 Crisis<\/strong><\/h2>\n

If you’re a small business looking to get through the hard times caused by COVID-19 by getting a line of credit, loan, equipment financing, invoice factoring, and\/or SBA funding, CapFront and all of our primary lending partners are ready to continue providing our services. In some cases, we can even help you get access to funds on the same day as submitting your application.<\/p>\n

Start your application today<\/a> to get the financing your small business needs to survive this crisis.<\/p>","protected":false},"excerpt":{"rendered":"

During an event like the Coronavirus pandemic, small businesses need extra support. 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