RESOURCES

If you sell goods to customers on credit, then you have to worry about the credit risk posed by your customer. Sometimes that risk is the result of general problems in the economy and other times it’s something specific to a particular customer.

The ongoing COVID-19 pandemic and the emergency orders and guidelines issued by Federal, State, and local governments have had a particularly devastating impact on small businesses faced with declining revenue and a steady onslaught of bills. As these businesses begin the process of reopening, it could take some time before revenues get back to “normal.”