SBA Extends EIDL Deferral to 2022

SBA Extends EIDL Deferral to 2022

The U.S. Small Business Administration (“SBA”) extended the deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. Originally no payments were required on EIDL loans for one year from the date of the note with the applicant receiving a payment schedule from the SBA after the loan is funded. Specifically, the SBA states:

Read More