Deferment period for all COVID-19 EIDL and other Disaster Loans extended until 2022

 The U.S. Small Business Administration (SBA) recently announced that it will extend deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. All SBA disaster loans made in calendar year 2020 will have the first payment due date extended from 12 months to 24 months from the date of the note. Similarly, all SBA disaster loans made in calendar year 2021 will have the first payment due date extended from 12 months to 18 months from the date of the note.

For more information, click here. Questions on SBA COVID-19 EIDL and disaster loan payments can be answered by email at DisasterCustomerService@sba.gov or by calling SBA’s Customer Service Center at 1-800-659-2955.