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COVID-19 letter to borrowers

by | Mar 18, 2020 | Insights & Resources

We’re sharing with you—our community—the same message for small businesses and nonprofits that we provided to our active borrowers. During this challenging time, stay true to your values and support each other. None of us will come out of this unchanged. See our COVID-19 resources for small businesses and nonprofits.

Dear borrowers, 

As the COVID-19 pandemic continues to unfold, we are thinking about all manner of effects to you—our borrowers, our community, our investors, and our clients. 

Like so many others, we closed our office as of March 13 and instituted mandatory work from home as a precautionary measure to slow transmission. We’ll continue to monitor public health notices and extend that date as needed. As we adjust our work practices, please reach out directly to your primary points of contact by email or phone with any questions or concerns.

Your success is our success

First and foremost, we want your organization, your employees, and your community to weather this public health and economic cyclone. We are here for you. As your partner in this work, we share some immediate considerations from our colleagues at ICA Fund Good Jobs as your customers practice physical distancing, and have rounded up several other supportive COVID-19 resources.

Flexibility for Mission Driven Finance loan agreements

We recognize that there are many factors beyond your control. Again, we want your organization and your employees to stay healthy and active in the community.

As a private asset management firm and impact investor, we have the opportunity to do things a bit differently than many more regulated banks and other financing providers, though we still have constraints to be good stewards of our investors’ capital. To this end, Mission Driven Finance team members, including Louie, David, and Shreya are reaching out to borrowers to discuss loan modification possibilities.

Click here to access further resources that may be helpful to you, your organization, and your team.