Addressing the financial impact of coronavirus (COVID-19)—credit solutions for companies with urgent cash needs

Addressing the financial impact of coronavirus (COVID-19)—credit solutions for companies with urgent cash needs

Ben Davies, Pete Callas, Robert Connold, David Gard, Jarek Golebiowski and Floris Hovingh of Deloitte LLP address the financial impact of coronavirus (COVID-19) and look at practical credit solutions for struggling companies.

Public policy measures put in place to contain the spread of COVID-19 are resulting in significant operational disruption for many companies. Staff quarantine, supply chain failures, orphaned/unavailable inventories, and sudden reductions in demand from customers are creating serious issues for companies across a far wider range of sectors than initially anticipated.

This handy guide looks at:

  • reasons why companies may be having issues
  • suggested approach
  • questions you should ask yourselves:
  • how much money do we need? For how long?
  • how do we slot this new money into our existing capital structure?
  • who could we borrow from and what terms can we expect?


This guide first appeared on the Deloitte LLP website, authored by Ben Davies, Pete Callas, Robert Connold, David Gard, Jarek Golebiowski and Floris Hovingh.

The views expressed by our Legal Analysis interviewees are not necessarily those of the proprietor.

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About the author:

Zahra started working as a paralegal at LexisNexis in the Lexis®PSL Banking & Finance and Restructuring & Insolvency teams in April 2019 and moved to the Corporate team in June 2020, where she currently works as a Market Tracker Analyst. Zahra graduated with 2.1 honours in BA French and Spanish and completed the GDL at BPP University. She has undertaken voluntary work for law firms in London, Argentina and Colombia.