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06-18-2024, 02:46 PM #5
Reputation points: 39760
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
The real question is... WHAT ARE THEY ASKING FOR?
Sounds like they can go SBA if they have the luxury of time... and if they need something quick, maybe even a monthly payment via someone like Breakout (they go to $1MM) while they process the SBA. But the cost is much different for both (12% a year vs 1.30 factor over 12 months). The benefit would be the interest forgiveness, so that's a big win if you can get the SBA to pay it off early.
Hope this added value for you.
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