COVID-19 and all of it’s far reaching effects, have caused us all to be faced with a new reality unlike anything the majority of us have ever witnessed. As business owners, there are not only personal and familial considerations, but also the consideration of staff and cash flow. There is a lot on your plates, and we understand that.
1. Acknowledgement of your situation – we are here to listen.
2. Ensure any request for payment suspension/deferral or relief is considered by your actual underwriter and you will be kept up to date on the progress.
3. Provide any up to date government announcements which may assist in your situation.
4. Discuss other options such as right-sizing, refinancing or equity financing.
For those of you who have the opportunity to grow or retool for any opportunities please note there is still a lot of capital available and we can work with you to be creative on structures that will protect your cash flow.
During this crisis, we encourage everyone to heed the advice of our world class public health authorities, be patient and kind to one another, and keep hope.