SBA is offering a Hardship Accommodation Plan for borrowers experiencing short-term financial challenges. Borrowers eligible for this plan may make reduced payments for six months. Interest will continue to accrue, which may increase (or create) a balloon payment due at the end of the loan term....
Running a small business can be tough, especially in times of uncertainty and loss of revenue. One port in the storm could be an SBA loan. In times of hardship, this "do everything" loan could help you get back on your feet. These loans can be used to acquire business essentials like...
An SBA loan can make a difference for your business It takes money to run and grow a business. Traditional lenders are not always willing to risk lending to small businesses without a guarantee they will recoup at least most of their capital. That’s where government-backed SBA loans can ma...
This makes it a good option for new businesses and other companies facing financial hardship that could not otherwise qualify for a typical bank loan. It also changes the vetting process, so the bank is working with SBA to obtain and interpret your financial information. By going through the ...
Economic Injury Disaster Loan program The Economic Injury Disaster Loan program (EIDL) provides funding in the form of loans up to $2 million depending on the needs of the business. Repayment terms are usually crafted to meet the needs and ability of the business as well. Rather than coverin...
This is not a government site or program. There is information on this site to help you find out more about the government programs that exist. This is an advertisement offering, for a nonprofit legal loan modification, mortgage short pay refinance/origination, foreclosure rescue services or ...