In an effort to assist current Hudson Valley business customers with unexpected financial burdens faced during the current COVID-19 crisis, and on the heels of its recently announced relief for consumer loan customers, Tompkins Financial has implemented a loan assistance program for its eligible commercial clients. Tompkins’ new Loan Assistance Program provides up to 60 days of deferment for all commercial loans.
“We understand that companies, including our small business customers, are the backbone of the US economy and that they need our support during this critical time more than ever,” said Stephen Romaine, president and CEO. “As a community bank, it is our duty to assist businesses in the best way we can, which includes taking a market-leading position on loan deferment that we hope will inspire others to do the same during this time of unexpected hardship.”
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