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SBA 7(a) Loan Payment Forgiveness

First Bank of the Lake is ready to help.

Don't miss out!

Get some or all of your first 3 months of SBA 7(a) loan payments forgiven!

Did you know that as part of the latest stimulus bill just approved by Congress, the U.S. Small Business Administration will make up to $9,000 in payments per month for the first 3 months of payments on any new SBA 7(a) loan originated between February 1st and September 30th, 2021, subject to the availability of funds?! In addition, the SBA will waive payment of the guaranty fee for any new SBA 7(a) loan closed during this same period! It's never been a better time to consider funding your business. 

The loan must be fully disbursed by September 30, 2021, to qualify, so hurry don't miss out on this great opportunity. Whether you're buying a commercial real estate loan, are acquiring a business, or just want to refinance business debt, we can tailor solutions specifically for your business and guide you down the path to success. We are actively writing new loans across a wide range of industries. Discover what it's like to work with a lender who puts you first! 

Subject to credit approval. Certain restrictions may apply.

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PPP Support 

Call our PPP Support Line at 573.668.8035 from 8 am to 5 pm CST or email us and we'll be happy to help answer your questions.