In response to the global pandemic that is making its way across our country as of today 3.16.20 at 1:45pm PST; LoanMe will be temporarily restricting all new funding's to businesses across the United States for a period of 2 weeks. Files in "Fully Approved" status will still be eligible to fund through the end of the day today.
Regardless of everyone's personal views on COVID-19 (aka Coronavirus), the facts are the American public seems to be on a heightened sense of awareness and have begun to limit their travel, spend, and gatherings.
Over the weekend, many states have imposed bans on certain business types and social gatherings. The CDC has also made some updated recommendations.
This pandemic directly affects the American Small Businesses we serve. It is unfortunate and we here at LoanMe are not taking this lightly. We are hopeful that we can resume funding to these businesses in the coming weeks. LoanMe plans to continue funding just as soon as we are able. As of this message the intent is to resume funding April 1st, 2020.
We will be in communication with all of our valued partners to provide updates as we have them. In these unprecedented times as a Lender we must be prudent so that business owners across the country do not incur additional debt and obligations they may not be able to repay.
LoanMe encourages everyone to stay safe, practice good hygiene and social distancing during these times. Thank you for your understanding and patience. We and look forward to getting back to funding your files as soon as possible!
Sincerely,
Your LoanMe Team
