Requirements for Covid 19 relief loans for businesses

This might be useful for BFS clients. The terms are good and rate is 3.3% floating interest only. These are essentially unsecured as well.

Questions for all COVID-19 Relief Loans:

What activity level do you anticipate to operate at over the next six months (i.e. full shut down or reduced capacity)?
What are the main impacts on your activities?
Complete or partial closure of your premises?
Specialized staff / employees required?
Access to premises: common workspace (number of employees) or remote work possible?
What are the key carrying costs for the next 6 months? (Examples : rent, insurance, electricity, salaries, financial fees, etc.)
With a working capital loan and/or postponement (and support from other lenders) does this cover your cash needs for the next six months?

Some things to consider:

Cash and availability on your current bank line of credit?
Do you have other sources of funding available?
What are your agreements with key suppliers (and customers) on payment terms / support for the next six months?

Examples:

ID plus Equifax and bank statements
Operating Lender Credit Facilities Agreements
Org. Chart Showing Beneficial Ownership
Org. Chart Showing Management
Most-recent three years of year-end financial statements
Most-recent interim Y-o-Y comparable financial statements (if Year-end accountant-prepared statements are more than 3 months old)
Aged receivables and payables listings at year-end and interim period (if applicable)
Projections and forecasts:
6-month detailed cash flow
6 to 18 months additional forecasts