Businesses around the world, be it big or small, are equally affected by the Coronavirus. Fortunately, there are still disaster loans available to help mitigate some of the costs that businesses still incur despite lockdowns. In this episode, Merrill Chandler is joined by Jessica Tabora, a Business Manager at CreditSense, to discuss fundability despite the rise and fall of the economy. Jessica enumerates the three different loans that can be availed by businesses—Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), and Express Bridge Loans (EDL). Currently, lenders are tightening up lending protocols but are still lending to dependable borrowers. That is why if you are thinking of applying for a loan, you must evaluate your need because lenders can eventually see that and may affect future fundability.
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