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

by a searcher from IE Business School

2 years ago

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,

1 like
80 views
3 comments

lender

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.

2 years ago | like reply | 2 likes

searcher from United States Military Academy

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.

2 years ago | like reply | 0 likes

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