Archives April 2020

SBA Debt Relief Assistance

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.