Receive a financial reprieve from the SBA during the COVID-19 pandemic.
In addition to PPP, the SBA will now pay your new or existing SBA mortgage for six months! Our office recently had a buyer who got the first 6 months of their mortgage covered by the SBA and the first 3 by their bank. Additional debt relief is also available, if you need more information a good broker should be able to point you in the right direction, CLICK HERE FOR MORE INFORMATION.
PAYCHECK PROTECTION PROGRAM (PPP) DETAILS & PROVISIONS
An additional $250B for the Paycheck Protection Program (PPP) was recommended today to help small businesses (less than 500 employees) reeling from the coronavirus pandemic. For those who have not already seen, the PPP is designed to provide small businesses help with funds to pay up to 8 weeks of payroll costs including benefits, interest on mortgages, rent and utilities. Click here for more details as well as the link to apply for funds.
