SBA Coronavirus Relief Program / Banking Assistance
March has certainly been a chaotic month and the business climate is changing daily. We understand that many business owners are concerned about their company's liquidity, debt obligations, and overall cash flow situation. It is our experience that bankers will work with businesses who are affected by the current events, but it is critical to communicate with them and to deliver the right message.
The SBA has announced a program to assist business owners although the details of how this program will actually work are still evolving.
These documents will give you initial guidance:
We will be working with our numerous banking and economic development partners to understand this process as the details become more clear.
Our team has significant experience in working with bankers and will be available to discuss any specific concerns you might have regarding either the SBA process or your existing banking relationship in general. Although the overall situation is uncertain and seems to change daily, we believe a proactive approach to addressing these issues is imperative.
Please call any of us, and we will be happy to assist you.