Important Opportunities for Existing SBA Borrowers

Businesses that have existing SBA Section 7(a)  and 504 loans should be aware of two opportunities  that have arisen for them.  Many small business acquisitions include an SBA 7(a) loan. First of all, SBA lenders have been reminded that they may assist borrowers under Section 7(a) and 504 experiencing temporary cash flow issues by deferring payments for a stated period of time.   They are allowed to offer deferrals of up six months.  Many SBA loans are sold on the secondary market.  SBA lenders are authorized to grant deferments of up to three months for loans sold on the secondary market … Read more