SBA relief efforts are incentivizing buyers to move ahead with business acquisitions. Per the SBA website, “the SBA will pay six months of principal, interest, and any associated fees that borrowers owe for all current … as well as new 7(a), 504, and microloans disbursed prior to September 27, 2020.”
This is a massive incentive. The SBA is covering (not deferring) your loan payments for six months. What’s more, they’re taking care of the loan fees for you. On a loan of $5 million, SBA fees could be about $$138,125 or more. That’s free money for buyers who move now and get their loan issued before the September 27 deadline.