Get Date 08112011 - Sba

Your first payment is due 30 months from the date of the original Note, which can be found in your original loan closing documents. Monthly email reminders will be sent but you must log into the MySBA Loan Portal to view your payment due date and amount.

On average, most SBA loans take 30 to 90 days from applying to funding. 7(a) loan subtypes are backed directly by the SBA. The SBA's turnaround time is 2 to 10 business days, but approval from your chosen lender can take 30 to 60 days. Microloans are loans for smaller amounts of $50,000 or less.

ing to the SBA Form 1086, payments are due at the Fiscal and Transfer Agent (FTA) on the third calendar day of the month, or the next business day if the third is not a business day. The SBA allows a grace period of two business days after the due date.

If you have an existing MySBA Loan Portal account, you can find your loan number by logging in. If you have not created an account, you can find your loan number on the top left corner of the Note and the Loan Authorization and Agreement. It is NOT the same as your application number.

SBA Form 1502 loan and payment reporting for 7(a) loans is due to the Fiscal Transfer Agent (FTA) via the 1502 Gateway within SBA Capital Access Financial System (CAFS) on the 3rd calendar day of the month, or the next business day if the 3rd is not a business day.

Each program carries different interest rates and repayment schedules for your SBA loan payments. As a general rule, though, you can expect this type of small business financing to have attractive terms and predictable monthly payments.

View loan balance and make payments Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments. You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note.