Tagging a few lenders that should be in a position to answer this question: ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌ (To our commenters, THANK YOU in advance for helping to make Searchfunder a helpful community. We are pleased to announce that beginning January 1st, lenders will have full access to BVR DealStats on Searchfunder, a $1k/year annual subscription that provides deal comps from 40k transactions. Happy Holidays Everyone! ^[redacted]‌).

I posted the Summary of Bill from Small Business Committee - https://www.searchfunder.com/post/highlights-from-dec-covid-relief-bill - I didn't see it. Did see increase up to 90% leverage and waives borrower/lender fees. Would love to hear what lenders are hearing.

They are giving business that previously had payments made 3 more months but it’s capped at $9,000/month. New borrowers will get the 6 months capped at $9,000/month. A big deal is the guaranty fees will be waived for the rest of the fiscal year (end[redacted]).

It is extended for three months - beginning Feb. 1st 2021, but for certain businesses such as food service companies, there is an additional five months (eight months total) of principal and interest relief.

This section makes it sound like the remainder of the loan payment for those 3 months isn't due until the end of the loan period:

"If, for a month, the total amount of principal, interest, and associated fees that are owed on a covered loan for which the Administration makes payments under paragraph (1) is more than $9,000 the Administrator may require the lender with respect to the covered loan to add the amount by which those costs exceed $9,000 for that month as interest to be paid by the borrower with respect to the covered loan at the end of the loan period"

The SBA will be issuing guidance soon with regards to the final parameters. Main focus for buyers, as JD pointed out, will be the waiving the guarantee fee and the 6 months of payments up to $9k per month. However keep in mind the stimulus bill also carries a new round of PPP funds. This was all encompassing last Spring and banks are still working on the forgiveness. This round will most likely be less time sensitive, but there appear to be a lot more eligibility validation requirements. Your lender and their support staff may be pulled away from new money to service these loans. Make sure you are in communication with your lender as this could delay an approval/closing process.