Many companies have sound balance sheets and no need for finance, but many do have that need, and the market won't provide
As we have said in previous threads, it's start-ups and SME's who are going to be hardest hit.
Credit - as well as equity - is necessary for development: since banks won't be providing it, we'll have to think of something else...... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky