Extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, have been made until 2022. The Small Business Administration (SBA) announced that all SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.
In addition, all SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note.
Click here to learn more about the SBA deferments.
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