Interest will continue to accrue on your loan during the deferral period. 1201 monthly notices will still be mailed but will show no payment due. Pre-Authorized Debit (PAD) payments will not automatically be canceled. You must contact your servicer to do that. You may continue making payments...
You follow that link even though you don’t really have a payment notice (Form 1201) from the SBA. When you follow along, the crucial information you need are your SBA loan number and the payment amount. If you are trying to pay the loan off, enter the payoff amount you got from SBA...
Instructions for partial payments: Use the 1201 Borrower Payment form to make any partial or installment payments. In the SBA Loan Number section, enter your 10-digit EIDL loan number along with the payment amount you wish to send. Full Repayment Instructions: If you choose to repay your EIDL...