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Small and midsize businesses have been put under immense pressure due to the ongoing COVID-19 health pandemic. Many business owners have struggled to pay their employees, while others are heavily dependent on cash flow and access to financing. With so much disruption, having flexible options to fall back on can make or break a company in these current economic conditions.
In fact, only one in five healthy businesses had sufficient cash reserves to continue normal operations if they experienced a two-month revenue loss.
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