SBA Payment Waivers Extended and Guaranty Fees Waived!
The new Federal Economic Aid Act indicates that for all new SBA 7(a) loans approved from Feb 1, 2021 till September 30, 2021, there will be some really great benefits:
No Payments for 3 months!
SBA Guarantee Fee waived!
Bank’s Guaranty Increased from 75% to 90% for most loans
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