US Legal Forms
Agreements - Agreement Forms
Assumption Agreement of SBA Loan

Sba Loan Forgiveness For Covid In Palm Beach

Category:

Small Business - Loans and Lending

State:

Multi-State

County:

Palm Beach

Control #:

US-00193

Format:

Instant download

Description

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.

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FAQ

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.This page contains links to information from the U.S. Small Business Administration in regard to the SBA Economic Injury Disaster Loan Program. Existing borrowers may be eligible for PPP loan forgiveness. Any business struggling with SBA loan repayment should seek help from a lawyer to apply for a hardship accommodation. The first hardship accommodation allows a business to pay 10 percent of the monthly loan payment it owes for a sixmonth period. Described in the RBCRA COVID-19 Small Business Forgivable Loan Program. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender. Palm Beach County COVID19 Relief and Recovery Grant. Who can apply for an SBA disaster loan?

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