EIDL  & PPP LOAN FORGIVENESS

Hardship Accommodation Plan

The Small Business Administration is offering a Hardship Accommodation Plan (HAP) for COVID-19 EIDL borrowers experiencing short-term financial challenges. Borrowers eligible for this plan may pay 10% of their usual payments for six months, without first catching up on missed payments. Borrowers will have the option to renew after the plan concludes. Interest will continue to accrue, which may increase (or create) a balloon payment due at the end of the loan term.

Apply for HAP through the MySBA Loan Portal.

Have you submitted for forgiveness of your PPP Loans yet? If not, make sure to do so right away. Complete the application here.