Updated: Jun 14
SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020
· Assisted living Facilities
· Motel, Hotels, and Bed and Breakfast
· Nightclub and Bar
· Retail stores
· Business Services and Office-based Companies
· Auto repair shops
· Auto and RV dealership
· Car wash facilities
· Childcare and Preschool
· Self-storage facilities
· Gas station or convenience store
· Importer and wholesaler
New loan does qualify for the 6 months loan payment by SBA.
Business loan with out real estate is okay.
All owner occupant business loan request is welcome.