The role of credit in handling business emergencies
The pandemic has struck small business owners hard, and many of you are running through your savings like a knife through butter. The job situation is not too good, as the unemployment numbers are extraordinarily high! Therefore, as a business, you will have to rally your own resources and find a way to survive. The question you should ask yourself is: Could you have done better preparing for such a situation? It is always good to analyze and self-correct, and that is what we are asking you to do here. One of the ways to combat monetary issues is through liquidity. That is what a credit facility it from a bank offers you. The advantage of this facility is that you only utilize it when you need it. You only pay interest on the amount used. Also, you can get benefits such as cashback and travelers miles if you use a credit card. Smart use can allow you to take vacations with family, using these miles. So, you really need to pay all your firm's expenses through such a facility to