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Six Month Payment Holiday on all NEW SBA (7(a) Loan
On January 19, 2020, the SBA through its procedural notice announced there would be no loan fees & no payments for first six months on all new SBA 7(a) loans.
The Federal Government will makes the first six months of principal and interest payments on any new SBA 7(a) loan funded between now and September 30, 2021, up to $9,000 per payment.
All loan origination fees are also waived on new loans.
This opportunity is part of the U.S. Government CARES Act Stimulus to support small business. Payments do not need to be repaid by borrower and are automatic.
This is a great opportunity for those business that need:
- New construction,
- remodels,
- tenant improvements
- Up to 100% financing on purchase of commercial real estate
- Debt consolidation and refinance
- Business acquisition
We’ve helped hundreds of small businesses during the pandemic. How can we help you grow and thrive?
Do you know how much you will overpay in taxes to the IRS this 2021?
We’ve been helping our small business clients implement tax planning to help them reduce tax payments.
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