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Top Highlights of the American Rescue Plan signed into law March 11 by President Biden. The law provides more assistance for the existing COVID-19 economic aid programs the SBA is administering and provides new programs for the hardest hit entities. The SBA will immediately begin work on new programs in the Act and launch them […]

Essentially, for new loans approved after February 1, 2021, the SBA will make 3 months of payments rather than 6 months.   They are still extending the payments for Hospitality industry  and specific SIC codes for an additional 5 months.  See below: New Loans Approved Beginning on February 1, 2021 and Ending on September 30, 2021: […]

Institute a 14-day period, starting Wednesday, during which only businesses with fewer than 20 employees can apply for relief through the Program. Help sole proprietors, independent contractors, and self-employed individuals receive more financial support. These types of businesses, which include home repair contractors, beauticians, and small independent retailers, make up a significant majority of all […]

This might be the perfect time to pay off a seller note!! Currently the SBA is covering up to 6 months of SBA P&I Payments to eligible small business owners. ADDITIONALLY, the SBA is waiving the SBA Guaranty Fee on new loans approved between February 1st – September 30, 2021 to eligible borrowers until SBA […]