SBA

@SBAgov ↗

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Last Checked April 20, 2021

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Fri Mar 26 16:40:30 +0000 2021

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SBA @SBAgov

Businesses that receive a loan subject to the current limits don't need to submit a request for an increase. SBA will reach out directly via email and provide more details about how businesses can request an increase closer to the April 6 implementation date. — PolitiTweet.org

Posted March 26, 2021

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SBA @SBAgov

1️⃣ The lending limit will increase to $500,000 starting April 6. SBA will increase the maximum amount small businesses can borrow from 6 months of economic injury with a maximum loan amount of $150,000 to up to 24 months of economic injury with a maximum loan amount of $500,000. — PolitiTweet.org

Posted March 26, 2021

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SBA @SBAgov

2️⃣ The deferment period is extended until 2022. SBA extended deferment periods for all disaster loans, including #COVID19 EIDLs, until 2022. All SBA disaster loans made in 2020 will have a first payment due date extended from 12 months to 24 months from the date of the note. — PolitiTweet.org

Posted March 26, 2021