Happy New Year!
Buried deep in the latest stimulus bill that was passed at the end of 2020 are some very positive provisions for the SBA 7A (for business) and 504 (for business real estate) programs. For Buyers this means incredible financial incentives to acquire a business within the next 9 months. For Sellers it means higher demand for their business and aggressive financing available to the buyers to allow sellers to "cash out".
For SBA 7a business acquisition loans - waiver of the upfront Guaranty Fee (up to 3%). For SBA 504 - Reduction in CDC fees to include the 1.5% CDC Processing Fee and the .5% SBA Participation Fee.
Waiver of Principal and Interest payments up to $9,000 per month for 6 months on any SBA loans approved between 2/1/21 to 9/30/21.
For buyers, this is an amazing opportunity to get into the business quickly with tremendous financial support of the SBA program.
For business owners looking to sell - YOU WILL NOT FIND A BETTER TIME TO SELL YOUR BUSINESS! Buyers demand is extremely high and the current business fore sale inventory is at an all time low coming out of COVID. This means faster sales and higher prices. Once the market figures this out, businesses inventory will increase as the demand will increase spurred by the SBA money. This program expires by September of this year, so do not hesitiate if you are considering selling.
Contact me for a confidential discussion. 863-226-4107