SBA

@SBAgov ↗

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Last Checked Jan. 13, 2023

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Mon Dec 05 21:55:01 +0000 2022

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SBA @SBAgov

The extended deferment to 12 months is automatic and loan borrowers do not need to take any additional action. There is no prepayment penalty and borrowers can begin making loan payments during the deferment period if they choose. — PolitiTweet.org

Posted Dec. 5, 2022

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SBA @SBAgov

New disaster loan borrowers will now have up to one year from the date of the note to begin making payments, instead of the standard five months. Interest on the loan will not begin to accrue until 12 months from the date of the initial loan disbursement. — PolitiTweet.org

Posted Dec. 5, 2022

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SBA @SBAgov

The change is effective for all disaster loans approved in response to a disaster declared on or after September 21, 2022, through September 30, 2023. The effective date covers disaster loans currently available for #HurricaneFiona and #HurricaneIan declared earlier this year. — PolitiTweet.org

Posted Dec. 5, 2022