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SBA Administrator Guzman Announces Key Policy Change: Existing COVID Economic Injury Disaster Loan Program Borrowers to Receive an Additional Deferment

SBA Offers Deferment Extension for Existing COVID-19 EIDL Program Borrowers

Businesses now have total deferment of 30 months from the date of the note, but loan interest will continue to accrue during the deferment.

SBA to Provide Additional Deferment for COVID EIDL Program Borrowers - News

Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a total of 30 months deferment from inception on all approved COVID EIDL loans. The extended deferment.

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