As part of the CARES Act and the Economic Aid Act, the Federal Government will make your first six payments (principal and interest up to $9,000 per payment) on any new SBA 7(a) or 504 loan funded through September 30, 2021. REC is working with a number of small businesses who are acquiring real estate for their facilities and will be able to participate in this unique opportunity. SBA 7(a) and 504 loans can be used for the acquisition of real estate of which the borrower will use at least 51% of the square footage for its business operations. Don't hesitate to contact us for an SBA lender recommendation to evaluate if this program is the right fit for your business.
As part of the CARES Act and the Economic Aid Act, the Federal Government will make your first six payments (principal and interest up to $9,000 per payment) on any new SBA 7(a) or 504 loan funded through September 30, 2021. REC is working with a number of small businesses who are acquiring real estate for their facilities and will be able to participate in this unique opportunity. SBA 7(a) and 504 loans can be used for the acquisition of real estate of which the borrower will use at least 51% of the square footage for its business operations. Don't hesitate to contact us for an SBA lender recommendation to evaluate if this program is the right fit for your business.