When working capital is no longer sufficient, executives should consider tapping lines of credit and other options while reviewing opportunities to raise capital.

 

If necessary, they should also seek relief on debt covenants as early as possible to strengthen the balance sheet before doing so becomes a matter of survival.

 

In such times of crisis, when a cash shortage is a distinct possibility and conditions are changing constantly, organizations need to make the most of all resources at their disposal.

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To help, we've rounded up the different sources of credit available, COVID-19 related and otherwise.