Protecting small businesses during the COVID-19 pandemic
The challenges and risks faced by small business government contractors are severe. They face possible work stoppages, slower payments, layoffs, and the threat of bankruptcy. Bruce Lyman of the financing firm Parabilis explains to Senior Staff Writer Ross Wilkers what can be done to support these companies.
WT 360: The market from all angles · Nick Wakeman, Editor in Chief, Washington Technology
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Show Notes
The challenges and risks faced by small business government contractors are severe. They face possible work stoppages, slower payments, layoffs, and the threat of bankruptcy.
Bruce Lyman is the CEO of Parabilis, a firm that works with government contractors on getting financing. He talks with Senior Staff Writer Ross Wilkers about the challenges small businesses face and what can be done to support them.
The economic impact of widespread small business failures is great, but there are steps the government is taking. Lyman explains what is being done and other tools the government could use to help small firms.