What to Know About Your EIDL Loan + 2022 Updates

As of March 2022, payments on your EIDL loan are deferred for 30 months. Interest still accrues.
I called and asked the SBA:
-How this deferral will affect your payments
-How the balloon payment will work
-What happens if you close your business
-What happens if you change your address
-When you'll receive statements about your loan
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**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.
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