[sigmundpannu]

is the SBA Economic Injury Disaster program going to really help? It allows for up to $2m to assist overcome temporary relief of loss of revenue and helps pay fixed costs such as payroll , accounts payable. the interest rate is suppose to be 3.75% and out to 30 years max .

My shop does mainly SBA, and unless they change the credit requirements it’ll flop. All business owners will try to maintain by charging up personal credit cards , or miss payments because of this. So unless they will accept low Ficos or even missed payments (unless there is a moratorium placed on credit reports reporting during this time) few will qualify IMO