I’ve got a historically good business but I’ve been struggling since Covid, container ship disaster, container rate spikes, embezzlement ,etc. like one hit after another. I owe 1.9 on a Mainstreet loan. The bank owns 5%( if you know Mainstreet) and auto withdrawal $14k/mo. I made the first balloon payment $360k but don’t see being able to pay the 2nd one in October and certainly not the $1M final payment the next year I’m at a loss what to do. It’s not like I can just stop paying as the bank auto deducts. There is no one to speak to at Mainstreet directly that I k know. Any suggestions at all???
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