In response to the Covid-19 crisis, LISC has made several changes to our existing lending policy to better support our borrowers and communities. These changes are outlined below. If you have any questions, please contact firstname.lastname@example.org.
If you are an existing LISC borrower and are facing financial hardships with your construction or small business loan payment, please complete our Construction Impact Survey or Business Impact Survey to help us identify your needs. For any urgent questions or concerns, please reach out to your local LISC Lending Team.
The following changes will be effective 4/1/20 until further notice;
We will also offer short-term bridge loans to approved government subsidies until 9/30/20 for borrowers awarded Federal, State or Local Government business disruption support, subject to LISC’s standard terms and conditions; however, LISC’s customary Good Faith deposit of $5,000 will be waived for existing borrowers.