SMALL BUSINESS DEBT RELIEF PROGRAM – CARES ACT
Many small businesses are experiencing a severe struggle to meet its financial obligations. SBA is providing immediate relief to small businesses with its non-disaster SBA loans including the 7(a), microloan, and 504 loan programs. SBA is covering all loan payments including interest, fees, and principal for six months.
While the legislation has approved these funds, we are awaiting the details. When we have more information as to how quickly the SBA will take over making these payments and the process for this, we will post more information here.
This is not a complete description of all eligibility requirements. Additional program restrictions may apply. All loans are subject to credit approval.