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06-24-2020, 01:58 PM #11
- Join Date
- Feb 2018
- Posts
- 1,349
cherry picking is the name of the game right now with the risk of defaults. 1/4 of the PPP loans may go bust according to data from the small business associations and loans over $25K required PG's. About 14% is anticipated in BK filings of all businesses as well. we have not even seen the swell of bad debt. just because states reopen w/limitations does not mean a borrower is in any position to take on these loans right now.
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