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 Eidl Loan Requirements In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
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FAQ
Businesses must meet the following criteria to qualify for economic injury: The business was directly impacted by the disaster. The business cannot cover expenses due to the disaster and/or debt payments. The business was physically located in the declared disaster area.
Most Small Business Administration (SBA) loans require a personal credit check, and some loans also require a business credit check.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
More info
What is the Stabilization Fund? You can access a live agent through the Call Center who can help with: Assistance with applying for the SBA Economic Injury Disaster Loan (EIDL).Notice: the COVID-19 EIDL program is not accepting new applications, increase requests, or reconsiderations. SBA's EIDL program offers long-term, low interest assistance for a small business or non-profit. Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. "Getting businesses and communities up and running after a disaster is our highest priority at SBA. In February 2024, SBA expanded the eligibility for our Hardship Accommodation Plan (HAP) for borrowers who are struggling with loan payments.