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SBA’s Additional Coronavirus Relief Creates Opportunities for Advisors

Between now and September 30th, all qualifying SBA (7a) loans will: – Be paid directly by the SBA, 3 months of principal and interest, up to $9k per month. – Have loan guarantee fees waived, typically 2.5% of the loan amount.– Dispersed on a first-come, first-served basis, 3.5 billion has been given by Congress. A one million dollar loan will provide …