An important message from Liberty SBF CEO Alex Cohen
First I want to let you know that Liberty SBF is open for business and actively lending. In fact we closed two loans this week! An SBA 504 loan in FL and a conventional office loan for a business in NYC.
That being said, people are nervous, and the overall economic outlook is scary, but at Liberty SBF we are doing all we can to make sure money continues to flow to businesses who need to complete acquisitions or refinance their properties.
The news is evolving daily. It’s important that we stay informed, be vigilant, and adhere to official guidelines. I encourage you to keep up to date on the latest information from the Centers for Disease Control (CDC) webpage..
Small businesses are being hit especially hard. We know that.
My team is hunkering down at home and practicing safe social distancing. But we are available by phone and email and open for business – our management team spent the last week ensuring that our system and team members can originate, make credit decisions, underwrite, and close loans remotely.
In fact, we plan to SIGNIFICANTLY augment lines of communication with our borrowers and brokers in the coming weeks. We will be conducting phone and video meetings with our community and we are planning educational webinars to present to large groups. In short, we are using every channel at our disposal to keep up communication.
If your client is purchasing OOCRE or wishes to refinance an owner-user commercial property, give us a call. SBA rates are at historic lows and we are lending.
I want to thank all the people on the front lines of this crisis for their tireless work – the medical professionals, first responders, officials, and scientists. They are putting themselves in danger to help mitigate this and flatten the curve.
We will persevere. If you have any questions call us (844) 311-5647 or send an email today.
CEO, Liberty SBF