As of December 2020, the CARES Act updates were implemented to help small businesses. These updates include:
SBA 7(a) & 504 Loan
+ Waiver of SBA guaranty fees
+ Available through 9/30/2021
+ Loan amount of $350k- $5 MM for 7(a)
+ Interest rate from 4.25-6%
Although the application process can be stressful, we are here to help guide you through it.