PROJECT 38: Protecting small business during the COVID-19 pandemic
The challenges and risks faced by small business government contractors are severe. They face possible work stoppages, slower payments, layoffs, and the threat of bankruptcy. Bruce Lyman of the financing firm Parabilis explains to Senior Staff Writer Ross Wilkers what can be done to support these companies.
The challenges and risks faced by small business government contractors are severe. They face possible work stoppages, slower payments, layoffs, and the threat of bankruptcy.
Bruce Lyman is the CEO of Parabilis, a firm that works with government contractors on getting financing. He talks with Senior Staff Writer Ross Wilkers about the challenges small businesses face and what can be done to support them.
The economic impact of widespread small business failures is great, but there are steps the government is taking. Lyman explains what is being done and other tools the government could use to help small firms.
Lyman and Dr. Ed Bersoff, co-founder and chairman of Parabilis, have written columns for RealClearn Markets and Virginia Business exploring the challenges small business face. Here are links to those columns: RealClear Markets and Virginia Business.
