SBA Issues Procedural Notice that may affect your loan
The link will take you to SBA document https://cdn.ymaws.com/www.naggl.org/resource/resmgr/policynotices_2021/5000-20095_Adjustment_to_Num.pdf
The most important piece is below:
New Loans Approved Beginning on February 1, 2021 and Ending on September 30, 2021 For a new 7(a) loan, 504 loan, or Microloan approved during the period beginning on February 1, 2021 and ending on September 30, 2021, SBA will make the Section 1112 payments for a 3- month period instead of a 6-month period, subject to the availability of fund.
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Wishing You the Best,
Karen Schimpf
| Commercial Capital |
| e:Â KarenSchimpf at gmail.com s:Â Â https://www.linkedin.com/in/karenschimpf/ w:Â Â www.applycommercialloans.com/ m:Â 512-358-1511 |
P.S. My niche is in helping finance SBA Start-Ups on loan amounts above $250K, finance Special Use Commercial Properties, Apartment Loans and Hard Money Bridge Loans. I BRING COMMERCIAL MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower’s strengths. I do it better than anyone. Give me a call today