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Commercial Loan Forgiveness
Posted on 3/19/20 at 2:45 pm
Posted on 3/19/20 at 2:45 pm
Anyone hearing or have a bank who is forgiving your commercial payments for a period of time until this blows over?
5
Posted on 3/19/20 at 2:46 pm to Catchfalaya
I honestly don’t know how most people function on a daily basis
Call your bank & ask
Call your bank & ask
Posted on 3/19/20 at 3:00 pm to Catchfalaya
I seriously doubt they are forgiving loans. More likely they are deferring payments.
Posted on 3/19/20 at 3:04 pm to Catchfalaya
Posted on 3/19/20 at 3:11 pm to Catchfalaya
Several of ours have sent out information that they will give up to 90 days with no payments - interest accrues during that time. We haven't talked to any, but it is nice to know it is an option. In the meantime, yall keep buying toilet paper and we will keep cutting trees to keep you supplied!
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