Monthly Archives March 2020

Quick: Short Message to Borrowers Amid Covid-19 Pandemic

New York City and many other cities in the U.S are on lock down because the numbers of casualties are growing exponentially. As of this writing, according to New York Department of Health, the U.S has confirmed 392,285 cases, 12,627 death, and 21,368 recovered. Our lives and businesses are about to change in a significant way. This is a new great depression that will reorganize the global economy in ways that are impossible to predict, currently. China’s locked down created a downfall in the financial markets, especially on the supply chain front. In order to keep the economy afloat, the Federal Reserve has injected $2 trillion into the economy and also slashed interest rate to zero. Currently, the 10-year treasury rate Is 0.726% and prime rate is at 3.25%.

We’re looking at i...

Read More