Working with a group of other parents representing schools throughout the district, you have been selected to represent the population of special education students. Recently, you had a Zoom meeting with the superintendent of one of the largest school districts. The meeting was also attendee by some principals and district staff who shared what the local district is thinking for the fall, and they are asking for feedback.
This meeting, of course, is but one more example of how the Covid-19 pandemic is affecting your family. While your husband is on the phone what seems like both day and night trying to navigate the new logistics with his privately owned trucking business, you are helping to attack, or at least be well informed, about another important need for every community: access to education.
So, just as you know that the school district is aiming for the traditional opening in August, your husband knows that his business has to have plans in place for running his business in the areas of the country that are open and are running things as normal. Like you and the educators you are working with, however, your husband also has to have contingency plans and a resource for capital credit factoring, advance business capital factoring, and other creative financing options.
Invoice Funding Companies and School Boards Alike Are Facing Unprecedented Times
Although you wish this were not the new normal for the whole year, you realize that the traditional kind of education that your children receive may be different. And while your husband is having to make difficult decision about applying for capital credit factoring options, you are in the thick of the discussions the school will be having. Knowing that parents may be forced to face the reality of distance learning, hybrid options, or traditional classrooms, school districts are having to prepare for what they will be doing in the next six to nine weeks. The plan is fluid, and will change as needed.
This is a phrase that have often heard your husband discuss with his trucking business even in the best of times, but you never expected that it would be a message that school boards and superintendents would be having to deliver to parents.
Although the absolute goal for schools is to offer return to full time back in the classroom options, the reality is that different parts of the country may be faced with the need to make some serious changes. Likewise, your husband, as he plays his role in the nearly 12 million trucks, rail cars, locomotives, and vessels that move goods over the transportation, has to be prepared to seek capital advances in an effort to keep his drivers payed and on the road during these most uncertain times.
Anything short of traditional is temporary when it comes to decisions schools are having to make, but it is important that all districts have a plan in place. And just as your husband’s trucking business cannot wait until the need for emergency cash arrives, these districts cannot wait to decide what to do if they are going to have to implement a hybrid learning situation.
Capital credit factoring is a contingency plan that many logistics companies need to have in place as they wait for invoices to be paid, and hybrid educational plans are necessary as schools plan for their uncertain future. Working within limited budgets predetermined by local and state governments, however, schools are finding themselves especially vulnerable during these times. Without their own access to options like capital credit factoring, schools are looking at their uncertain future plans and unexpected expenses without the advantage of expecting any access to additional funding.
Bankruptcies in the U.S. increased to 25,227 companies in the second quarter of 2016, from what already seemed like a high of 24,797 companies in the first quarter of 2016. Those numbers, however, will pale in comparison to the numbers of companies that will face those same realities as a result of the implications of Covid-19. Entire communities, however, have to be certain that their school districts have both the funds and the resources that they need.
Being Flexible with Plans Is the Only Real Certainty in Today’s New Normal
