Additional SBA Disaster Loan Assistance (Debt Relief)

In addition to the SBA Economic Injury Disaster Loan (EIDL) and EIDL Loan Advance, and the Paycheck Protection Program (PPP), there are additional assistance programs some business owners need to know about.

SBA has two additional programs, SBA Bridge Loans and SBA Debt Relief

For existing SBA 7(A) and 504 Loan borrowers, the SBA is offering important Debt Relief!

As part of SBA’s debt relief efforts,

• The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
• The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.