“As the panel notes, “Even borrowers who own profitable properties may be unable to refinance their loans as they face tightened underwriting standards, increased demands for additional investment by borrowers, and restricted credit.””
Unless you have significant collateral you can forget a business loan.
The value of commercial real estate is heavily dependent on its stabilized cash flow, i.e., how much net income the property makes.
A lot of properties out there that made very good sense and had conservative loans on them have so dropped in value that they do not work with the current loans they have.
Unless you have significant collateral you can forget a business loan.
Yep, the boxchecking auditors are in charge and clear the way 'cause the ball is rolling downhill.