In need of special funding for your commercial business due to Covid-19? Contact Omega Financial Services for your Disaster Relief Funding.
SBE EIDL Program vs. CARES Act SBA 7(a) Relief Loan

We'eve received countless calls and emails from confused business owners asking us to clarify certain aspects of the CARES Act SBA 7(a) relief funding and how it compares to the SBA Economic Injury Disaster Loan (EIDL) that is already available. 

Many of the questions we've received have come from our business clients & referral partners, wondering if we will be able to assist them & their clients in obtaining CARES ACt SBA 7(a) relief funding through Omega Financial Services. The answer is YES

The information out there is certainly confusing, so I wanted to provide some clarity. It is important to note that this portion of the CARES Act is not the same as the 7(b) SBA economic injury disaster loan (EIDL) loan program that is already available on the SBA website, nor may it be used for the same purpose. Interested borrowers should evaluate both programs and choose accordingly.


Under the current draft of the Cares Act (7a), the SBA is authorized to guarantee up to $349 billion in 7(a) loans to businesses with not more than 500 employees or the applicable size standard established by the SBA for the industry in which the business operates, if greater.

Loan Amount and Purpose. Eligible borrowers will be allowed to borrow up to the maximum of (i) $2 million or (ii) the business's average total monthly payroll costs during the one-year period prior to the loan being made multiplied by 2.5. Payroll costs include salaries, wages, tips, payments, for sick leave, insurance premiums and state and local taxes assessed on the compensation of employees, up to 2 months of your mortgage payment.

  • Collateral and personal guarantee requirements would be waived during the covered period. 

  • Waives affiliation rules for businesses of certain industries

(Omega is not an SBA lender but OMega Financial Services prepares the package for the lenders)


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OFS offers a wide array of financing options for commercial properties. We deliver fast, flexible and economical financing programs in markets throughout the USA.

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OFS small balance commercial lending provides commercial real estate investors flexible financing programs throughout the United States. Our fast and efficient loan process solidifies OFS as the premier small balance commercial lender.



Originators will find a wide array of financing options for Multifamily Housing. We deliver flexible financing programs in multifamily markets throughout the United States for properties with at least 5 units.

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Mixed-Use Property Lending Services OFS finances mixed-use apartment/retail buildings nationwide. Up to 40% commercial component permitted.

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Commercial Division

Multi-State Direct Endorsement Lender

1185 Morris Ave. Union, NJ 07083

Office #: (908) 933-0253* 

Fax #: (908) 666-0266*

*not for use by New York borrowers

Our team takes pride in dependability and accessibility. OFS offers a wide array of financing options for commercial properties. We deliver fast, flexible and economical financing programs in markets throughout the USA., we will be with you every step of the way to make sure that your loan closes quickly and smoothly.

Licensing: New Jersey (9930047), New York (B500993), Pennsylvania (33116), Florida (MLD1382)

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*This site is not authorized by the New York State Department of Financial Services. No Mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.*

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