Guide to financing options for SMEs during Covid-19

May 8, 2020 – Joseph Heim recently served as a guest author for Business First of Buffalo. Here, Joe takes a look financing options for business owners in a post Covid-19 economy.

Guide to financing options for SMEs during Covid-19

Even before the onset of the Covid-19 pandemic, small and medium-size enterprises (SMEs) and their CPAs began to see signs of a weakening global economy. In the retail sector, we saw businesses that were heavily reliant on brick and mortar continue to struggle with the high cost of rent and less foot traffic in stores.

The uncertainty of trade tariffs and their potential impact resulted in many businesses purchasing inventory in advance of the probable rising costs of their products. As a result, prices increased in many industry sectors, including food, textiles, clothing and consumer goods.

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About the Author

Joseph A. Heim CFE, CPA

Joseph Heim has over 25 years' experience investigating matters involving white-collar crime, fraud and corruption. He provides forensic accounting, litigation support and expert witness services to businesses, attorneys and commercial finance lenders. He is the Partner in charge of Dopkins Asset Based Lending Consulting Services.


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