Financial Relief due to COVID-19

Just curious if anyone who has their equipment financed has heard or been told that some level of financial relief might become available due to the impending down turn in the car hauling industry?

We are financed through Continental Bank out of SLC. I haven’t spoken with anyone over there, but honestly Im not expecting much if any. I feel sure they won’t be offering any extensions.

I know the down turn is just around a very short corner. Rental car companies have already stopped receiving new units. Many dealers have or are in the process of shutting down. The wholesalers I haul for have told me this may be their last week for a while. It’s not looking good.

What are y’all thinking?

 

The SBA as already begun offering applications in some states to be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Who knows how all of this is going to shake out.

 

I can weather the storm okay through April and struggle through May if I really tighten things up, but I certainly don't want to see just how far stretched I have to get.

 

I know what you mean. I haven’t used a paper BOL in so long Im not sure I even know how to fill one out anymore.