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Options for businesses who can't pay SBA Covid EIDL loans The most prominent option for small-business owners that can’t make a payment is applying for a Hardship Accommodation Plan from the agency.
On May 22, the SBA issued two new rules that provide some additional insight into Paycheck Protection Program (PPP) loan forgiveness and for the first ...
Businesses typically need funding in order to grow, and they frequently turn to conventional business loans or SBA loans to ...
Businesses and not-for-profits that received $2 million or more in PPP loans must complete one of two new loan necessity questionnaires the SBA is sending to lenders for distribution to borrowers.
SBA Form 413 is typically required as part of an SBA loan application. The SBA uses this form to evaluate your finances.
The Small Business Administration has officially withdrawn the use of a controversial Paycheck Protection Program loan questionnaire that critics say had slowed the forgiveness process for larger ...
The form and instructions cover the mathematical computations needed to apply for loan forgiveness as well as specifics on the loan forgiveness process.
SBA Offers Grace Period to Business Owners With Covid-Era Loans The federal agency rolled out a 60-day goodwill exception period for borrowers and is expanding its hardship accommodation plans.
An application form and instructions released by the US Small Business Administration are designed to assist borrowers as they apply for Paycheck Protection Program loan forgiveness.
The SBA, in consultation with the Department of the Treasury, announced a brand-new Form 3508EZ for certain PPP borrowers to use to apply for forgiveness.
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