Repair / Miscellaneous Repair; Equipment S & S; Lawn/Landscaping / Lawn Equipment Sales, Lawn/Landscaping / Lawn Mower Repairs
Well-established company sells power
equipment, power equipment parts, and repairs power equipment and small
engines. Over the past 15 years, they have secured a loyal customer base, maximized operational
efficiencies, established contracts, formed relationships with suppliers. They
work with individuals, small companies, school districts and have contracts
with large retail stores, municipalities, and a power equipment manufacturer to
perform sales and warranty work.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 6-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month), for a total savings of $54,000. The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee of approximately $30,000 (based on the above loan amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.