The 2008 package proved some banks were too big to fail. But the rushed $2.2 billion stimulus shows now any company can be bailed out.
As more U.S. states order widespread shutdowns, small companies provide a test case for the bigger challenges in store.
Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”
High Rock Accounting provides clients with cash flow assistance and guidance. But what happens when a firm needs the same assistance?
Almost overnight, the pandemic has created a booming work-from-home economy as tens of millions of Americans are thrust into setting up home offices on the fly.
Advisors may find it difficult to connect with the people who need financial help the most.
As businesses change strategy and staff deployments quickly, their payment needs and flows will change rapidly, says BHMI's Jack Baldwin.
The job gains were mainly at big companies and largely came before the outbreak of the coronavirus in the U.S.
The pace of small-business job growth accelerated for the third month in a row in February, according to payroll giant Paychex, but the rate of hourly earnings growth slipped.