This form is an assumption agreement for a Small Business Administration (SBA) loan. Party assuming the loan agrees to continue payments thereon. SBA agrees to the assumption of the loan and release of original debtor. Adapt to fit your circumstances.
Sba Loan Forgiveness For Covid In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The Florida Disaster Fund distributes funds to service organizations that will serve individuals within their communities with disaster response and recovery. If you have additional questions about the Florida Disaster Fund, please call (850) 414-7400 or email info@volunteerflorida.
COVID-19 EIDL is not forgivable.
More info
All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.On October 2, the SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers. Existing borrowers may be eligible for PPP loan forgiveness. However, once you submit a complete forgiveness application to your lender. They have 60 days to review and submit it to the SBA. This advance may be available even if your EIDL application was declined or is still pending, and will be forgiven. Normal processing time is 7 to 10 business days. Application forms are processed in the order in which they are received. Normal processing time is 7 to 10 business days.