May 28, 2020
It’s strangely funny that the very same lenders that agreed to forbearances, are now coming back and saying they don’t want to finance you because of said forbearance, even though it’s been paid off. Getting loans from big banks is more about software and data than it is about banks placing a bit of trust in someone with a great idea or trying to make ends meet under extreme situations. Money is an infrastructure that, if it’s not there, will have small businesses relying on plans B, C, D & E to make things happen. The days of traditional banking are over, maybe it’s time to consider other options when you need lending.
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