Corporate Economic Fallout
Updated: Jun 12
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Business seeks additional financing. May be seeking operating capital through existing line of credit or new loans.
Negotiate new terms with vendors, lenders, employees and other parties. Business that reply on consumer spending may have the biggest need. Retail, Travel and Tourism, Restaurants, and even Lenders.
Companies may be reluctant to seek Government funding. Especially where there may be restrictions on stock or stipulations on how the funds may be used.
Corporate failures are inevitable. Record $6 trillion commercial debt outstanding, including $760 billion in junk bonds.