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 Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Upon legal release, you would reduce the liability and record a gain on extinguishment of debt for the portion that is forgiven. Extinguishment of debt can be presented in the other income (expense) section of your income statement.
Activity: Accounts are deactivated after 90 days of inactivity.
COVID-19 EIDL is not forgivable.
More info
Reach out to your lender for assistance. How to apply for forgiveness.Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Learn more about PPP loan forgiveness. Loans issued after June 5 have a maturity of 5 years. Referral of loans to private debt collectors to pursue repayment, who may use tactics like wage garnishment. Welcome to the Arizona Superior Court in Pima County on-line application system! Assistance with loan repayment information and more is available to borrowers through Pima's partnership with Student Connections at no cost. Amounts shown in 2024 for most Farm Bill programs reflect those confirmed in the baseline. Referral of loans to private debt collectors to pursue repayment, who may use tactics like wage garnishment.