[Michael Slabitcher]

2 year term , but, the 6 months is deferred) (that is a change) resulting in a loan that will amortized over 18 months. (check that, I believe originally it was a 1 year deferred)

Merchant is approved for a PPP in the amount of $100K - and we will assume it is (NOT Forgiven) now has a note for $105,000.00 payable over 18 months - estimated monthly payment of $5883.00

IMO - a merchant that has been approved for a PPP should immediate apply for SBA 7(a) or micro loan.

The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

Hi Dave,

Who are you submitting applications to for the SBA 7(a)?

[Yankeeman07]

I rep for a SBA Bank

[Yankeeman07]

Michael - sent you an email