Good morning. Everyone should remember that the Covid related benefits for traditional SBA lending expire on September 30th. The benefits include no guarantee fees, and the government will make the first three months of payments on your loan up to $9,000 per month. SBA loans can be uses for purchasing or refinancing owner-occupied real estate, working capital, debt restricting, partner buyouts, startups, and or acquiring a business.
Keep in mind that the September 30th deadline is for a loan to be funded. So to take advantage of the benefits, the clock is ticking to get your application in. To learn more about the SBA and the benefits, please join us for a webinar at noon EST today or sign up for on-demand learning here.