While no specific industry is completely shielded from the impact of this recent outbreak, there are increased concerns for the hospitality markets and senior living establishments. We also have the cascading effects of the sharp drop in oil prices, which in turn have caused the markets for bonds, equities, and non-oil commodities to plunge.

Fortunately, some lenders have started proactively reaching out to borrowers to assist them in reducing the damage caused by loss of revenue.

One example of a preemptive plan by lenders is to offer six months of interest-only to commercial clients as a way to weather the storm and buy time until the economy stabilises.

There are several other products available to business entities, but the key to finding the best commercial loans is to work with competent financial advisers that can provide borrowers a path forward while protecting their collateral.