SBA LENDERS: WHAT STEPS ARE YOU TAKING WITH YOUR BORROWERS?
This is a great community and there are a lot of thought leaders who post here on a regular basis. Obviously the situation is very fluid at the moment but what steps are SBA lenders taking with their borrowers during this difficult time?
What legislation has been passed / proposed?
What relief are you providing (interest only / suspending P&I)?
Where should borrowers go for questions?
What advice do you have for people who are at or near closing?
The SBA and its preferred lenders are going to be a critical part of the country's recovery in the months and years to come. We appreciate your hard work during this difficult time