BANKS EMPHASIZE LOAN AVAILABILITY AS BUSINESS REBUILD FROM SANDY
By Beth Fitzgerald/NJBIZ
November 21, 2012
Banks are calling their customers to tell them loans are available to repair and rebuild from the damage wrought by Hurricane Sandy.
Chase is committing $5 billion in loans to small and midsized businesses in addition to its usual business lending, and said in the past two weeks its business bankers have called nearly 90,000 customers in the storm’s path.
“We realize many business owners may still be assessing Sandy’s impact on their operations, and our message is that we’re here to help,” said Scott Geller, CEO of Chase Business Banking.