While the COVID-19 pandemic continues to play out, so do
various business transactions, including lending transactions.
In the days since the World Health Organization declared the
novel coronavirus a pandemic, the world has seen a significant
increase in the imposition of travel restrictions and the closing
of international borders. Markets have suffered significant losses
as businesses in virtually all industries grapple with supply chain
issues, mandatory and/or recommended quarantines and the practice
of self-isolation (in some cases leading to business closures, work
from home arrangements and/or layoffs), and general economic
instability.
Prior to the pandemic, many businesses were in the process of
borrowing money – whether to fund capital projects, to
refinance existing debt, to increase working capital, or otherwise
– and many of those businesses are relying on those funds to
continue operating and growing their businesses through these
uncertain times.
