EIDL loans are now readily available to hoteliers up to $150,000 per property. Borrowers should be aware, however, that CMBS servicers are not approving these loans by waiving any covenant violations in CMBS loan agreements. Below is a typical servicer response to an EIDL approval request. We … [Read more...] about 7.5.20: CMBS SERVICERS ARE NOT APPROVING ECONOMIC INJURY DISASTER LOANS (EIDL)
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