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Before the pandemic hit, the companies were in sound fiscal shape with “really good balance sheets,” meaning an ample surplus of assets over liabilities. When the pandemic roared in, the companies “cut expenses dramatically” and took advantage of local, state and federal relief programs, he said.
Without the relief programs, Hosler said, “I’m not sure how we’d be looking at all these applicants as still viable businesses. That’s what really has helped bridge the gap to this point.”
But what about surviving beyond this point, with proposals for additional federal relief programs in limbo in Congress and the timetable for widespread vaccine distribution yet to be determined? ....

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