Cash-strapped

Describing an individual, business, or organization that has a severe shortage of funds, often leading to difficulty in meeting financial obligations such as paying bills, covering operating costs, or investing in future growth. It implies a limited access to readily available cash and can result from various factors like poor financial planning, unexpected expenses, or reduced income. This state can lead to difficult choices like delaying payments, cutting costs, or seeking external funding.

Cash-strapped meaning with examples

• The small business, hit hard by the economic downturn, found itself Cash-strapped and unable to pay its suppliers. They were forced to delay orders and even consider laying off employees to reduce their monthly expenses. They desperately sought a loan to keep the business afloat.
• After a sudden medical emergency, the family became cash-strapped. They had to make tough choices, like cancelling their vacation and postponing the home repairs, in order to afford the expensive treatment and medication costs. Every penny was scrutinized.
• The charity organization, facing a decline in donations, became increasingly cash-strapped. They had to reduce the scope of their programs and consider closing down some of their outreach projects because of lack of operating funds. Fundraising became paramount.
• With soaring interest rates, the property developer was becoming Cash-strapped, struggling to service existing loans and complete ongoing construction projects. The situation forced him to sell off some of his assets to inject cash into the business.