Act Now!
The U.S. Government has put many measures in place to support small businesses during the pandemic. While most of the focus has been on PPP, we don't want you to miss out on the other valuable incentives from the SBA for 7(a) loans.
Loans that receive an SBA E-Tran number by September 30, 2021 are eligible for:
- Guaranty Fees waived
- Three months of principal and interest (P&I) payments paid by the SBA ($27,000 max benefit)
The savings to borrowers could be considerable.
Sample Fee Amounts
Loan: $250K
Guaranty Fee: $5,625 |
Loan $1 million
Guaranty Fee: $26,250 |
Loan: $5 million
Guaranty Fee: $138,125 |
Add in the three months of P&I from the SBA and that's a significant amount of money staying with you and your business. If you have business or commercial real estate financing needs, this is a tremendous opportunity. Even if you received a PPP loan, you are eligible for these benefits.
By working with Newtek for your SBA 7(a) loan, you get the added benefits of:
- Loans from $50K
- 10-25 year amortization schedules
- Higher advance rates than banks
- No bank loan covenants
Click the button below to get started.
Time is of the essence, so don't wait.
Newtek Business Finance Solutions
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