SBA LOANS

Good news for our clients who obtained Small Business Administration (SBA) Economic Injury Disaster Loans (EIDL). Borrowers now have 30 months after the EIDL Loan origination to make their first payment. Previously it had been 24 months.

This is for all EIDL Loans approved in 2020, 2021, and 2022.

Payments - including interest and principal balance - will begin 30 months after the due date of your Note. So, for example, if your loan was signed in June 2020, your first payment due date is now December 2022 - 30 months after the loan originated.