Fluence Capital director Sandra Beswick says: “Many companies tend to wait until the last minute to seek help when their businesses are in financial trouble.
Beswick says many small and medium-sized enterprises that depended on monthly cash flow to pay salaries and stay afloat are now seeking relief. “Government and other institutions have announced several initiatives offering funding to help businesses survive. "This relief funding could help, but businesses must also be aware that it could cause further challenges down the line. Depending on their circumstances, they might be better off cutting expenses and managing overheads,” says Beswick.
Source: News Formal (newsformal.com)
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