SBA PPP and EIDL Small Business Loans (some money is forgivable)

[cgr]

Some things are almost automatic on SBA borrower portal. Reducing my minimum monthly payment to 10% of regular payment for 6 months at the low interest rate of the EIDL loan is a no brainer.

You can extend that 6 month reduction several times if needed.

[Yef]

Some things are almost automatic on SBA borrower portal. Reducing my minimum monthly payment to 10% of regular payment for 6 months at the low interest rate of the EIDL loan is a no brainer.

Is this even for loans above 200k?

[cgr]

Is this even for loans above 200k?

Yes but the application process is more complicated.

[Yef]

Do I have to show hardship

[satturn]

i see ads for SBA loan removal. what is that process?

[12HRS]

https://freedombm.com/
Frum guys. No experience or affiliation with them.
(I see them posting on Linkedin all the time)

Used him for an acquisition loan, Highly recommended.

[Ver hut gazugt]

Is this even for loans above 200k?

just got approved.

[sillypainter]

just got approved.

My loan modification button is greyed out. Where can I do it?

[aygart]

My loan modification button is greyed out. Where can I do it?

You need to message them

If your loan amount exceeds $200,000: 
 

• First-time enrollment and renewals: Please contact COVID-19 EIDL customer service (include Hardship Accommodation Plan in the email subject line) or send a message through the MySBA Loan Portal. You will be contacted by a loan specialist regarding requirements.

[Jkhein]

You need to message them

If your loan amount exceeds $200,000: 
 

• First-time enrollment and renewals: Please contact COVID-19 EIDL customer service (include Hardship Accommodation Plan in the email subject line) or send a message through the MySBA Loan Portal. You will be contacted by a loan specialist regarding requirements.

My loan modification button is greyed out, loan is less than $200k. Should I try messaging them? What kind of docs would they request from me?

[Ver hut gazugt]

My loan modification button is greyed out, loan is less than $200k. Should I try messaging them? What kind of docs would they request from me?

don’t know for sure but for me it was just a p and l and filling out the form.

[aygart]

My loan modification button is greyed out, loan is less than $200k. Should I try messaging them? What kind of docs would they request from me?

Definitely message them. Very basis financials.

[Jkhein]

Definitely message them. Very basis financials.

don’t know for sure but for me it was just a p and l and filling out the form.

thanks

[shmooz]

Sba shows an option to use PayPal to pay back, does this include a credit card option?

[Ver hut gazugt]

Sba shows an option to use PayPal to pay back, does this include a credit card option?

no