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SBA Announces Additional Deferment Period for Economic Injury Disaster Loans

03/17/22

The SBA announced late Tuesday that any borrowers that received a COVID Economic Injury Disaster Loan (EIDL) in any of the eligible periods between 2020 and 2022, will now receive automatic deferment of loan…

SBA to Further Streamline PPP Loan Forgiveness Process for Loans of $150,000 or Less

07/28/21

Great news today for PPP borrowers that received a loan of $150,000 or less! If you haven’t yet applied for forgiveness, the SBA will be outlining today, a new streamlined approach for application that…

SBA Eliminates Loan Necessity Questionnaire for Loans Over $2 Million

07/13/21

The Small Business Administration (SBA), on Monday, officially announced that they will no longer require the use of Forms 3509 and 3510, Loan Necessity Questionnaire. This form was released to lenders in November 2020…

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