As part of SBA’s debt relief efforts,
- The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
- The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
We understand that COVID-19 may have changed your plans. You may have decided that you do not want to work for anyone else or that you wish to grow your business through acquisition. Regardless of the reason, the current pandemic should not change your plans. As long as the business is solid (regardless of these unusual months) and you have the skills and financial ability (10-25% of total loan package), we’re here to assist you in finding the right fit!