I'm agree with Ami and would expand on his comment about "risk of not being approved". Take the conversation to your MSLP lender and propose the offer to payoff the debt prior to loan approval. Your desire to minimize their... (More)
Main Street Lending Program0 followers6 questions11 posts
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Rishi - I believe you would have to repay it before applying for the loan - which would create the risk of not being approved.
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WebinarMain Street Lending ProgrammslpFor those interested in learning more about the Main Street Lending Program, listen to today's MSLP Aminar here.
https://youtu.be/sAlmTFvCWgw
View the Slides on LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:6686365423409205248
https://youtu.be/sAlmTFvCWgw
View the Slides on LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:6686365423409205248
sharing knowledge
Main Street Lending Programmslp
I found some lenders that are contemplating or doing MSLP loans in the Philly area. See here: https://www.bizjournals.com/philadelphia/news/2020/06/29/which-local-banks-are-involving-with-the-mslp.html If you don't have a subscription, here is the text of importance (as of 6/29): Chase Bank ($2.6 trillion) said it is... (More)