The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.
Tag: Michael Flood

MBA Names Michael Flood SVP of Commercial/Multifamily Policy and Member Engagement
The Mortgage Bankers Association appointed Michael P. Flood as Senior Vice President of Commercial/Multifamily Policy and Member Engagement.