April 3, 2020
The $2.2-trillion CARES ACT relief package, finalized last week by Congress, is an opportunity for commercial real estate brokers and consultants to connect clients with banks and other lending sources participating in the program that earmarks $350 billion to assist small business. So says Radius Bank’s Gabe Beukinga.
According to Beukinga, the newly-named president of Radius Bank’s Guaranteed Government Loan division, “This is a great opportunity for commercial real estate brokers and consultants who may have been sidelined during the coronavirus outbreak to be a valuable resource for their clients.”
Chicago-based Beukinga said that small businesses are the backbone of the American economy, and are in desperate need of this Paycheck Protection Program.
“The small business portion of the relief effort has those companies in mind—businesses that may occupy 50 to 75,000 square feet of industrial space, or less than 10,000 square feet of office space,” he added.
For comments, questions or concerns, please contact Paul Bubny