COVID-19 BREAKING NEWS UPDATE:
The CARES Act, the $2 trillion economic stimulus package just signed in to law on March 27th, includes 6 months of debt forgiveness for SBA 504 loans. This is not a deferment, but actual debt forgiveness. For existing SBA 504 loans as well as those that fund within the next 6 months, all principal, interest, and fees are covered for 6 months.
PLEASE NOTE: While the funds have been approved, the SBA is currently working to determine how the CARES Act will be implemented, and we do not yet have any guidance as to how the new programs will work, when they will be in place, or what will be required from borrowers.
If you are an existing Capital Access Group client, we want you to know that we have all hands on deck working to give you immediate relief as you find the best way to get your business through these difficult times. We understand the challenges small businesses are facing. Click below for details and updates as they become available.Learn More