MWSBF invited NADCO’s Executive Vice President Wayne Williams to go over the new changes and updates to the refinance program. We discuss program eligibility. You can watch the recorded webinar above or download the webinar slides by clicking the button below.
Continue ReadingA Message from MWSBF : COVID-19 Stimulus Bill for Small Businesses
We congratulate our nation’s congressional leaders on coming to an agreement and passing a $2 trillion emergency spending bill to combat the economic impact of coronavirus. As we understand it, the bill includes approximately $350 billion aimed at helping small businesses weather the economic storm. Two pieces of particular importance regarding the legislation include: $17 Billion for SBA payment of borrower principal, interest, and fees for a 6-month period beginning with the next payment due, for 504, 7(a) including Community Advantage, and Microloan borrowers. This is not a deferment but is actual debt forgiveness for the borrower. These SBA payments will be enacted by SBA automatically, so borrowers do not need to contact Mountain West. $325 Billion for the Payroll… Read More
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