Has the SBA $9,000/month P&I payment run out?

searcher profile

June 21, 2021

by a searcher from IE Business School in Seattle, WA, USA

Hi Everyone,

I heard from a banker that he "thought" the SBA program where 3 months (used to be 6 months) of up to $9,000/month of P&I payments had run out of funds, & that Congress is not planning to authorize any more funding. Has anyone else been told this or do you know how I could check? I tried searching the SBA website but I shouldn't have wasted my time...

Thanks,

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commentor profile
Reply by a lender
in Yorba Linda, CA, USA
It's still available. Must close by 9/30 (funds could potentially run out sooner), and it only covers 3 months of P&I up to $9,000/month. The SBA shortened it from 6 mos to 3 mos early on.
commentor profile
Reply by a searcher
from United States Military Academy in Houston, TX, USA
It's still going. I believe your deal has to be closed by September 30, 2021 in order to qualify and it should still be up to six months of payments.
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+1 more reply.
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