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I'm an ex-commercial banker, now retired. For the last 20 years I've volunteered my services for a local Economic Development Collaborative. We administer business loans for a variety city, state and Federal loan funds. For the past year the focus has been on COVID related business interruption loans for the benefit of small business owners and their employees. Loans are typically 3-5 year term, $25,000 up to $100,000. Interest rates vary in the 5-6% range. There should be no "up front" fees involved and the funding source will expect a reasonable return on their invested capital.
The point of this post is to say legitimate help is available for legitimate business issues caused by COVID and/or forest fires, for loans that a traditional bank could not entertain.
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