CORONAVIRUS

COVID-19 Capital Stack Warning

As hoteliers struggle to keep some remnant of their hotels operating, finance advisers issue a caveat emptor. SBA emergency loans are useful in crisis but only if certain elements are in place, says Dave Shah founder of Pineapple Capital Group. Paul Darrow of PHD Financial reminds prospective small-business borrowers the loans will have to be paid back. Both experts say business owners should review their cash flows and ability to take on more risk before signing any new loans or revised financing documents. In Episode 258, Long Live Lodging examines what financial solutions are available to hotel owners during the crisis, including the SBA emergency loan programs.

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