Get a line of credit
If your emergency reserves have depleted, a line of credit can be a useful fall back option. Following the unprecedented economic crisis lending institutions are taking steps to increase credit accessibility. For instance, some banks are offering payment deferment options if you are a small business in need of a line of credit.
Interest rates for commercial lines of credits have been slashed by some banks. This ensures that you can get a new unsecured, secured or on-demand line of credit at a lower rate. Some lenders are offering modified interest rates specifically for vulnerable small businesses that urgently need credit to survive.