[FUND3R1]

Mayor Bill de Blasio announced on Sunday night that he would order all bars and restaurants in New York City to close. Restaurants would be limited to takeout and food delivery.

Mayor de Blasio on Sunday night enacted new restrictions on public life in New York City after coming under increasing pressure from other elected officials, who had raised growing alarms that the city was moving far too slowly as the coronavirus outbreak spread.

He said his executive order would limit restaurants, bars and cafes to takeout and delivery. Nightclubs, movie theaters, small theater houses and concert venues must all close.

The order will go into effect on Tuesday at 9 a.m.

“This is not a decision I make lightly,” he said. “These places are part of the heart and soul of our city. They are part of what it means to be a New Yorker. But our city is facing an unprecedented threat, and we must respond with a wartime mentality.”


- How will this affect funding?
- does any funder have updated guidelines?
- Did any funder stop funding? (I know this is a difficult question to answer- if you can be honest, because we all help each other make money in this industry)
- will this be a default with your firm?
- Should brokers get Data Merch for a few months when this is over (maybe funders could mark in there that the merchant never previously defaulted just went through this pandemic)
- Is reverting back to the credit card split better for some restaurants who are still doing take out (with a max funding amount of 10k-15k right now?

These are just a few questions- feel free to put your input/suggestions in as well. We will get through this.

[Michael I]

i think mtd will be most funders decision making