Second round of COVID-19 relief.
The second round of COVID-19 relief has been passed and we have been reading what’s available for our buyers. If you are a buyer in the market looking to take out an SBA 7a loan the first 6 months of payments and interest will be picked up by Uncle Sam. This begins in February 2021 and ends September 30, 2021. The payment is capped at $9,000.00 per month. Some fees have been reduced or eliminated, you will have to check with your lender to see what that means in savings for you. It could be $5,000.00 or up to $50,000.00 in saved fees.