Hello! Welcome to 2021! As you may recall, as part of the CARES act, the SBA was offering to remit the first six months' of payments on any new 7a loans. (Not technically "forgiveness" as they will actually make the payment directly to the bank, decreasing the principal balance) This provision has been renewed for 2021, for loans that close before September 30th! Also the 7a guarantee percentage has been increased to 90%, making this a great time to finance your client's partner buyout or acquisition using an SBA loan!
Read Senator Cardin's statement here:
https://www.sbc.senate.gov/public/index.cfm/pressreleases?ID=57CA1A5E-C937-4E7C-9E46-075C00682E77