Meet with an Expert: SBA Stimulus Review
Wednesday, February 3, 2021 • 1p.m. CST • No CE hours
What Small Business Owners Need to Know!
The Small Business Administration (SBA) stimulus package authorized funds allowing the SBA to waive borrower loan fees and to increase the guarantee to 90%. The package also provides 6-months of principal and interest payments up to $9,000 per month on loans that secure an SBA authorization number starting on February 1st, 2021.
Although we are waiting on final details from the SBA, we do anticipate the funds allocated for the principal and interest subsidy to deplete quickly. We also recognize that details pertaining to this law could change.
- PPP statement
- Details pertaining to the SBA subsidy
- Process and timing
On the day of the session, click the following link to join the session: https://nfda.zoom.us/j/4870108887
About the Presenter
Tim Bridgers is the Senior Vice President of the Funeral Home and Cemetery Lending team at Live Oak Bank. As a former business owner, Tim understands the challenges that business owners face. Combined with his extensive experience in financing, Tim’s team has provided over $500 million in loans nationwide to owners of funeral homes, cemeteries and cremation businesses. He currently serves as a Trustee for the Selected Educational Trust board, and on the advisory board of Worsham College of Mortuary Science.
Tim's team of non-commissioned financing experts maintain an undeniable focus of helping funeral home and cemetery owners make the right financial decisions for their business’s long-term success. Their goal is solely to help you reach your goals. Imagine speaking to a lender who understands all phases of your business and not having to explain the terminology and nuances of the funeral profession. This provides more time to establish a meaningful business relationship with you. He is dedicated to assisting small business owners in the funeral profession become and remain successful with Live Oak Bank’s products and services.
Tim has presented at ICCFA, NFDA, and selected national meetings over the past 6 years. Topics include key metrics, succession, acquisition, employee empowerment, and financing. All of this experience has been with accredited CE education and not an effort to solicit Live Oak Bank.