Before you jump into researching the different sources of capital that are available, first consider the alternatives. It could be that, depending on what your growth goals are, you do not actually need extra capital, you just need to be thinking a bit more creatively.
With unemployment at 14.7%, the April jobs report is literally off the charts, as an article in the New York Times shows. Unfortunately, the COVID-19 pandemic has not vanished as quickly as everyone hoped. Pandemics tend to end either when the spread of the disease has waned or when society adapts to the continued risk. The pressure to reopen businesses seems to indicate we may be heading into the latter kind of ending, especially with no vaccine or fast-acting medical remedy in sight.
Every country around the world has a strategy for dealing with COVID-19 pandemic. Some countries, like Sweden, are relying on the development of “herd immunity; however, that approach is not without risks, and shouldn’t be adopted by other countries without consideration of those risks. On the other end of the spectrum, New Zealand effectively eliminated coronavirus. Like Sweden’s approach, New Zealand’s will not work everywhere. Here in the U.S., some states, like California, are working on reopening, while others remain in lockdown. Wherever you are, we hope that you and your family stay safe, healthy, and financially secure!
