Leech Lake Financial Services Updates Due To COVID-19Apr 17, 2020
As we continue to experience uncertain times, your safety and well-being are at the top of our priority list. This includes your financial health.
With that in mind, we’ve made some temporary changes to how we operate in order to increase our support and flexibility to you.
LLBO has notified us that individuals with LLFS loans are now on temporary layoff status. Forbearances and extensions will be placed on Credit Builder and M&M loans for those who have been temporarily laid off due to COVID-19. This means there will be no penalty or negative credit reporting for those with forbearances due to temporary layoff. Paycheck payments will resume as normal once the borrower returns to work. For those that wish to continue to make payments while on layoff status, arrangements can be made with Rob (see contact info below).
LLFS is Small Business Emergency Loan program Lender for DEED To help our business community, this loan is a 24-month, no-interest loan, deferred for 6 months with forgiveness potential.
LLFS continues to stay open with locked doors to help our community. We will be taking appointments virtual or via phone for your safety and ours.
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