Yeovil Town chairman Scott Priestnall has said the club are currently weighing up the offer of a loan to complete the season.
Speaking as part of a wide-ranging club update, Priestnall also stressed that without further funding support, the Glovers will not be able to play out the season.
He explained: “Make no mistake, no club at this level can survive a season without the revenues generated from supporters and commercial partners when supporters are in stadiums.
“As a result, we are now in a position where we have been offered a loan from Sport England, via support from the DCMS, to complete the season.
“The club are currently exploring this offer with our legal team and hope to have a resolution in place by 1st March.
“I am confident at this stage that an agreement will be satisfactory to both sides, but I should say, as sad as it is, should we not be able to finalise the loan, the club will not be able to complete this season.
“Our players and staff would be placed on furlough.”