The Mortgage Bankers Association and affiliated groups shared urgent recommendations with the Senate Banking Committee to improve the Main Street Lending Program’s effectiveness for commercial real estate owners and tenants.
Tag: Small Business Administration
Andrew Foster, Kelly Hamill: First Aid as Paycheck Protection Program Begins
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.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Treasury Department Creates Assistance for Small Businesses Page
The Treasury Department created an Assistance for Small Businesses page on the Small Business Administration’s loan program.