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by a searcher
5yrs ago
from Northwestern University
in Denver, CO, USA
I found the answer to my own question: Extension of SBA payments of 7(a) loans: Borrowers with eligible SBA loans will receive an additional funding of three months of principle and interest starting in FebruaryredactedThe payments are capped at $9,000 per month. Certain hard-hit industries (NAICS beginning with 61,71,72,213,232, 315, 448, 451, 481, 485, 487, 511, 512, 515, 532 and 812) will be eligible for five months of additional payments after the end of the three-month period.As with other programs, the grant will not be income to the recipient and no expenses will be disallowed as a result of the income exclusion. Thanks to Trevor Loy (twitter: trevorloy) for distilling all of the detailed text for easy reference!
reply
by a searcher
5yrs ago
from Northwestern University
in Denver, CO, USA