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 Eidl In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00193
Format:
Word;
Rich Text
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FAQ
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
COVID-19 EIDL is not forgivable.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
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.
There is no provision for forgiveness on these loans, nor should anyone expect that there will be. The EIDL is a decades-old program, and if they forgive loans for this particular disaster, then borrowers for every other EIDL program are going to expect forgiveness on their loans as well. It's not happening.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
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.Initial debt relief assistance. The only way these the EIDL loans will be forgiven is If the house passes a bill. Borrowers who received a PPP loan prior to the program closing on May 31, 2021 can now apply for forgiveness. Apply online for an SBA disaster assistance loan. SBA will send an inspector to estimate the cost of damage, once your application is completed and submitted. On January 8, 2021 the SBA announced the repeal of the EIDL Advance Deduction Requirement for SBA PPP Loan Forgiveness. 2 The loan terms are up to. The only way these the EIDL loans will be forgiven is If the house passes a bill.