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)
Rebecca Schultz 72 Founder/Executive Loan Consultant at Synerlock
Rebecca Schultz has two decades of lending experience, with a focus on commercial lending and business banking. Schultz dedicates her time to assisting business owners with access to capital and business growth.
As an experienced entrepreneur, Schultz has owned several businesses including a retail store, full-service day spa, and currently a consulting firm. In 2014, Schultz successfully exited two of her companies and returned to her passion, helping small business owners. As a commercial loan officer representing multiple lenders, Schultz’s goal is to develop valuable relationships that support both the clients she serves and the community that depends on them.
Schultz serves as a financial educator to the community focused on building better credit for entrepreneurs. As a certified credit counselor and financial analyst, she provides energetic and engaging seminars for individuals that are serious about securing their future and gaining access to capital.
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Business owners can pick which option (8 weeks or 24 weeks - known as covered period) best serves their needs. No need to tell your PPP lender, just complete the proper PPP forgiveness application and submit after your chosen covered... (More)