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Besides PPP, there’s another forgivable loan program for small businesses thanks to the new stimulus bill

Source: inquirer.com - Jan 5, 2021

During the summer, I wrote about a little-known clause in the CARES Act that turned into a big savings for many small businesses that received loans from the Small Business Administration. That “clause” expired in September. But with the new stimulus bill, it’s been resurrected — and significantly enhanced.

If you’re a small business looking for an incredible financing deal, regardless of whether you’ve been affected by the pandemic, then pay attention.

Why? Because the new stimulus bill now forgives up to eight months of principal and interest payments on Section 7(a) and 504 Microloans from the SBA.

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Category: General Business