FIRST SIX MONTHLY PAYMENTS PAID BY STIMULUS PROGRAM FOR NEW SBA LOANS CLOSED BY SEPTEMBER 27, 2020
Available Now – from 500k to 15M
Includes RE-FI – Acquisition – Expand – Renovation – Ground Up
Contact Hershel for details
We can help Fast Track your loan
The new SBA 7a and 504 stimulus program loans pay the first six monthly payments for current and new SBA loans. Conventional loans do not qualify for this program. Borrowers that have been considering applying for an SBA loan to expand or renovate because their current lender would not provide the car wash financing they need are electing to take advantage of the new SBA loan program.
Operators who already have an SBA car wash loan automatically qualify for the six months free payments. This relief allows borrowers time to make up for lost income they experienced during the pandemic.
All new SBA loans must close by September 27, 2020, to qualify for the first six monthly free payments, so there is some urgency to take advantage of the stimulus program, especially for a new construction loan. The SBA stimulus loans are available to purchase, renovate, or expand an existing car wash business, plus new construction qualifies.
See the editorial Hershel wrote for AutoLaundry News
In this short clip Hershel talks about How to Re-Finance & Monetize Value at the 2020 Southwest Car Wash Expo
Click here for entire Round Table Discussion