This is great info. So businesses that are the economic foundation of this country are suffering and need relief. This info is going to help some awesome businesses.
To qualify for the EIDL Hardship Accommodation Plan, your loan must be under $200,000. This plan allows borrowers to make reduced payments, typically 10% of their normal monthly amount, for six months, with a minimum of $25. The remaining loan balance accrues interest during this time, leading to a potential balloon payment at the end of the loan term. If your loan exceeds $200,000, you must contact the SBA for special consideration. Thanks for watching content
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This is great info. So businesses that are the economic foundation of this country are suffering and need relief. This info is going to help some awesome businesses.
Glad you liked it!
Great content as usual. Student here. Signed up months ago but just getting serious, making a website now. Thanks
Seems like this is only available for loans under $200k? Is that your understanding as well?
To qualify for the EIDL Hardship Accommodation Plan, your loan must be under $200,000. This plan allows borrowers to make reduced payments, typically 10% of their normal monthly amount, for six months, with a minimum of $25. The remaining loan balance accrues interest during this time, leading to a potential balloon payment at the end of the loan term. If your loan exceeds $200,000, you must contact the SBA for special consideration. Thanks for watching content