At this stage of the new reality driven by COVID-19, most private companies are doing everything they can to keep cash on the books. While some are tapping lines of credit and raising new funding, many are also looking to new government stimulus measures to help them remain afloat and rebuild on the other side.
In this edition of Privately Speaking, we explore some of the main provisions being offered by various levels of government to private companies. And we offer some advice to help executives make the right decisions as they work to keep the cash flowing.
Private company leaders will need to think carefully about the pros and cons of each program, balancing the need for additional emergency liquidity against the demands and requirements included in the agreements. You can’t be thinking only about the short-term; these loans and programs may have longer-term impacts on your balance sheet.
– Conor Moore, National Leader, KPMG Private Enterprise, KPMG LLP
Privately Speaking Series
Privately Speaking tackles the issues that privately held entities, including private equity – and venture capital-backed companies, care about most. In each edition we share insights, as well as practical, actionable tips to help boards and executive management grow, strengthen, and transition their privately held businesses.
Whether your company is starting out and growing or strengthening and transitioning, this series promises to explore ways to help companies be successful at any stage of the business lifecycle.
