SBA Financing

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January 02, 2021

by a searcher from Upper Iowa University in Zephyrhills, FL, USA

Has anyone heard if the new Covid-19 bill includes the 6 month SBA financing forgiveness like the last one did?

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commentor profile
Reply by a professional
from University of Illinois at Chicago in Deerfield, IL, USA
Yes it extends the Debt Relief Program established under the CARES Act and provides for government payment of the principal and interest due on any qualifying SBA loan, including most 7(a), 504 and Microloan loans, for three additional months beginning February 1, 2021, up to $9,000/month. This is in addition to the six months of payments provided under the CARES Act, which remains available for most new SBA-guaranteed loans.
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Reply by an investor
from University of Pennsylvania in Washington, DC, USA
It does include 6 month forgiveness - there's a couple threads here where it's discussed - one here - https://www.searchfunder.com/post/highlights-from-dec-covid-relief-bill
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