March 27, 2019 – COVID 19 Update From REI Business Lending

We hope you are staying safe and healthy during this COVID 19 health crisis.  We know this is a very difficult time with many unknowns.  While many of us are working from home, we want to stress that we’re committed to serving the needs of our clients, lenders, and partners.   We are doing everything we can to support our small businesses.

 

If you are a client of REI Business Lending and need assistance, please feel free to contact us at 800-658-2823.  Kaitlin Dildine (ext 224) is available to assist SBA 504 borrowers with servicing questions.  Susan Bates (ext 229) is available to assist direct loan borrowers.  If you are inquiring about a loan with REI Business Lending, please contact Susan at ext 229.

 

If you are inquiring about the SBA Disaster Assistance program, you can apply directly at https://disasterloan.sba.gov.   These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact.   These loans may not be used to refinance existing debt, purchase business and/or real estate.  REI does not administer this loan program.   If you need assistance on completing the application, please register with the Oklahoma Small Business Development Center at www.oksbdc.org.

 

We will update you on the CARES Act, as we receive additional information.  These are difficult times and things are changing daily. We will continue to keep you updated.