The newest COVID-19 pandemic potentially affects loads of financing document provisions. We shielded “Issue Bad Impact” already. Here are four much more you’ll problems for borrowers and you can lenders in order to navigate together:
1. Stimuli Funds
Many companies is applying for Income Coverage Program (PPP) finance according to the CARES Act otherwise SBA Economic Burns Crisis Financing. Extra stimuli programs come in the newest functions, too.
Before taking benefit of these stimulus software, a debtor should think about this new implications doing this might have to your its latest borrowing from the bank business.