b'FOGHORNFOCUS: OPERATIONSThese funds are for payroll, to pay fixed debts, accounts payable, other expenses. You apply for these loans directly with the SBA at www.sba.gov (lenders are not involved). Perhaps the most incredible CARES Act funding stimulus out there is with your regular SBA loan programs (SBA 7(a) and 504 loans). If you have RELIABLE POWER FOR Aone of these loans now, the SBA is making your monthly loan payments DEMANDING SCHEDULE for the months of April- September. Your business cant compromise when it comes toSix months of covered loan payments. maintaining a demanding schedule. Thats whyAnd then there is this opportunity: For customers count on reliable John Deere PowerTechany new SBA loan closed between now marine engines. With high torque and low-rated rpm, John Deere engines deliver dependable power andand September 30, 2020, the SBA will quiet operation. make the fi rst 6 months loan payments. Let me put that into perspective: I have Full power range of marine engines 60 to 559 kw (80 to 750 hp) a $2,825,000 SBA 7(a) workboat loan JohnDeere.com/Marine ready to close. The rate is 5.25 percent (prime plus 2%). The term is 20 years. The SBA will pay the $12,359 monthly payment for the next six months, saving the borrower $74,154. Talk about a great head start! So yes, it is true: there has never been a better time to borrow money. INNOVATIVE.Take advantage of these historic times, and I wish you well as business comes back stronger and better than ever. UNIQUE.ALL AMERICAN MARINE If you have any questions about the SBA loans or other fi nancial concerns that youd like to discuss, please do not PROVEN. hesitate to reach out to me. As a fellow PVA member, I stand ready to offer guidance and assistance whenever or however I can. Like you, I am committed to the longevity to a strong maritime industry and the communi-ties it serves. nAbout the Author Michael Sammartino is an Executive Vice President at Thomas USAF Group in Atlanta, GA. Michael has 22 years of commercial lending experience, and the maritime lending group is actively lending to ferries, tugs, barges, and other types of ALLAMERICANMARINE.com marine vessels, equipment, and boat Bellingham, WA | 360.647.7602 yards. He can be reached at michaels@thomasusaf.com, or 401-225-2888. Sales@allamericanmarine.com Web site: thomasusaf.com Pictured: Lady Swift - One of three 78 ultra low-wake, high-speed passenger ferries built for Kitsap Transit22JUNE 2020FOGHORN'