SBA Loan Payments Forgiven for 6 Months!
SBA Loan Payments Forgiven for 6 Months! If you hadn’t heard, the CARES Act indicates that not only are all the SBA loans already issued not required to make payments for 6 months, but NEW LOANS closed by September 27, 2020 will also not have to make payments...
Personal Financial Statement FAQ’s from Coffman Capital
Personal Financial Statement FAQ’s from Coffman Capital Perhaps the most important form in a loan package concerning the borrower is the Personal Financial Statement or PFS. The SBA form for this is called the 413 Personal Financial Statement. Paradoxically, since...
Forgivable Emergency Loans Applications Start April 3
Congress passed the Coronavirus Aid, Relief & Economic Security (CARES) Act last week. The Paycheck Protection Program applications will be accepted starting Friday April 3. Please see attached article for News by clicking HERE Please contact...
COVID 19 Emergency Loans Coming
Congress passed the Coronavirus Aid, Relief & Economic Security (CARES) Act and soon there will be SBA (Small Business Administration) loans available based on payroll levels and other measurements. The actual guidelines have not been confirmed, but have...
Fed Cuts Rates a Full Point in Emergency Move
For more details please click HERE The Fed is making an emergency move that may or may not mean anything to most people – but if you’re in the business loan market – time to save! This puts Prime Rate at 3.25% where it was a few years ago when the economy was...
Fed Cuts Rates As Emergency Move
To see the WSJ article about the new Federal Reserve Interest Rate cut, please Click Here. This should be temporary, with the economy generally doing well, so if you’re on an adjustable SBA rate, they move quarterly and you may or may not see effects, and they...
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