October Pauses Loan Repayments for 3 Months

French based online lending fintech October is telling small businesses they won’t need to make repayments for the next few months to allow them more room to operate during the crisis; companies won’t have to make up the payments in one lump sum either as they will extend the term of their loans; the company discussed the plan with their institutional partners and also put it to a vote to retail investors who agreed with the move to the tune of 99.42 percent; they hope this will help to keep more companies in business as they fight through tough times with the coronavirus. TechCrunch