We are a livery company providing ground transport...

We are a livery company providing ground transportation for the past 33 years. We have been a client of Merchants Fleet for over 8+ years, where we have financed over 60 vehicles. Now that we are facing a terrible situation and the business is gone down the tube since mid March, we asked to defer our payments for 90 days just like a few of other lenders. First, we were told no and we should have enough money to pay for the payments. Then after couple of weeks of back and forth we were told that they will defer the payments for 90 days, however they are raising our interest rate from 4% to 8%. Many creditors have actually waved collecting the interest or if they have to charge, they kept the same rate rather than DOUBLING it!!!!!! NOT fair!!