I'm not sure if this is factoring in to the boat financing issues, but I have many clients refinancing real estate and the lenders have added additional requirements in the last 90 days or so. This is mostly an issue for business owners or those that have business interest. In the past, prior year K1s or proof of a current extension were all that were required. Now the lenders are wanting CYTD P&Ls and BSs....I am assuming the lenders are concerned that "past performance is no guarantee of future results".....fearing COVID may be impacting current sales/operations.

Just what I'm seeing in our neck of the woods.