Read Joseph Heim’s article on Secured Financing in Business First

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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