Existing SBA Disaster Loans are being automatically deferred

  • Who’s eligible: Small businesses with an existing SBA Disaster Loan
  • What it is: If you’re currently paying back an existing SBA Disaster Loan, your loan is automatically in deferment through December 31, 2020. You may also be able to refinance your existing SBA Disaster Loan into your Paycheck Protection Program (PPP) loan, possibly lowering your interest rate.
  • Learn more: Read the announcement and find more details on the SBA website.
  • From: U.S. Small Business Administration, Federal Government