$484 Billion Coronavirus Relief Package signed into law
The president just signed the $484 billion stimulus bill however according to banks most of that money will be gone in matter of days, however about $60 billion of the monies will be set aside for businesses that don't have an established banking relationship i.e. rural and minority-owned businesses and will be allocated to smaller banks and credit unions to lend out. So if you haven't applied, put your applications soon with participating community banks and/or credit unions
Another Commercial Lease Payment is Due May 1st....
For small business owners, non profits, and more.... May 1st is just around the corner which means another commercial lease payment will be due. So if: -You didn't receive any of the SBA relief funding or any local community funding -You didn't seek or agree to a longer short term rental payment relief plan -Your revised business plan hasn't gone according to plan to generate revenue -Or simply haven't spoken with your Landlord due to fear or a belief your cash reserves will
Dealing With COVID-19 Crisis as a Business Leasing Commercial Space
After listening to several discussions with LL, LL reps, attorneys, PM's over past several days, here are few take aways for business owners leasing space: If you were able to pay April's rent, you should, if you haven't already, start having an open & collaborative dialogue about rent relief & different relief structure. Some landlords are willing to offer relief but it won't be w/o something in return i.e. executing a renewal option early or adding months to your original t
