CLU 03/30/2020

• March 30th, 2020
• News

From what we can see from reading through the CARES Act, the provisions regarding mortgage forbearance, foreclosures, and evictions, do not extend to commercial mortgages. That being said, there are loans, grants, and other protections for small businesses within the Act which can help businesses in this area. If you are facing financial difficulties as a result of the COVID-19 pandemic, the best thing you can do is contact your lender and/or creditor to discuss your options. You should also contact us if you have any questions regarding how you should handle this situation, or for advice regarding the payment protection program under the CARES Act, or any other provision.