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Main Street Lending Program
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Rebecca Schultz
Founder/Executive Loan Consultant at Synerlock

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)

ami kassar
CEO Multifunding LLC and author of The Growth Dilemma

Rishi - I believe you would have to repay it before applying for the loan - which would create the risk of not being approved.

 

ami kassar
CEO Multifunding LLC and author of The Growth Dilemma
For 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
Rishi Khan
CEO Extreme Scale Solutions
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)