SBA

@SBAgov ↗

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Last Checked Feb. 22, 2021

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Wed Jan 27 21:28:02 +0000 2021

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SBA @SBAgov

☑️Neither the government nor lenders will charge small businesses any fees. ☑️Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. — PolitiTweet.org

Posted Jan. 27, 2021

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SBA @SBAgov

☑️PPP loans have an interest rate of 1%. ☑️Loans issued prior to June 5, 2020 have a maturity of two years. Loans issued after June 5, 2020 have a maturity of five years. ☑️No collateral or personal guarantees are required. — PolitiTweet.org

Posted Jan. 27, 2021

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SBA @SBAgov

☑️If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks). — PolitiTweet.org

Posted Jan. 27, 2021