Lenders should consider entering into a forbearance agreement when liquidating SBA guaranteed loans. A mortgage forbearance agreement is made between a mortgage lender and a delinquent borrower to bring the latter current on mortgage payments over time.We provide documents in different languages to help you understand eligibility requirements, fill out applications, and answer frequently asked questions. Discover how to navigate financial challenges with a forbearance agreement. The application for and forgiveness of loans under the PPP or other forms of government assistance may create risk for borrowers. The EIDL Loan Agreement allows a business borrower to request additional funds up to 24 months from date of original EIDL approval. Most importantly, the Forbearance Agreement should afford the Borrower a reasonable prospect for turning around its business. Have you ever found yourself grappling with seemingly insurmountable financial burdens due to SBA loan obligations? A forbearance agreement serves as a temporary postponement of mortgage or rent payments.