Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 524522 times)

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4960 on: July 12, 2022, 04:21:38 PM »
NYS grant is being held up because article of incorporation and other documents show my old address.
What the best/simplest way to show proof?


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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4961 on: August 30, 2022, 01:25:16 PM »
@cgr
Has there been any changes with regard to calculating the ERTC in the Inflation Reduction Act?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4962 on: August 30, 2022, 02:36:19 PM »
@cgr
Has there been any changes with regard to calculating the ERTC in the Inflation Reduction Act?
No.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4963 on: August 31, 2022, 10:19:27 AM »
Borrowers who received an EIDL loan in March 2020 will need to start making payments in September, as the 30-month deferment is coming to a close. The due date is based on the original note, and not on subsequent increases.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4964 on: December 05, 2022, 01:39:13 PM »
The SBA is now offering six month Hardship Accommodation Plans to borrowers who are struggling to make their EIDL monthly payments. The plan reduces the monthly payment to 10% of the original (interest accrues).
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan/manage-your-eidl#section-header-7

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4965 on: February 02, 2023, 03:49:07 PM »
The SBA is now offering six month Hardship Accommodation Plans to borrowers who are struggling to make their EIDL monthly payments. The plan reduces the monthly payment to 10% of the original (interest accrues).
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan/manage-your-eidl#section-header-7
I was also told that borrowers can reapply every six months for the hardship accommodation until the SBA decides to stop allowing.