Due to the continued adverse effects of the pandemic, SBA provided a deferment period of 30 months from the date on the original Note for COVID-19 EIDL borrowers. This deferment does not apply to non-COVID disaster home and business loans. This deferment extension is effective for all COVID-19 EIDL loans approved in calendar years 2020, 2021, and 2022. Interest will continue to accrue on the loans during deferment.
More detailed information about eligibility and how deferment impacts your future loan payment amounts can be found in SBA procedural notice 5000-830558 dated March 15, 2022.
Note: The 30-month COVID-19 EIDL deferment period will not be extended. COVID-19 EIDL is not forgivable.
Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments.
You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note. During this deferment:
SBA is offering a Hardship Accommodation Plan (HAP) for COVID-19 EIDL borrowers experiencing short-term financial challenges. Borrowers eligible for this plan may pay 10% of their usual payments for six months, without first catching up on missed payments. Borrowers will have the option to renew after the plan concludes . Interest will continue to accrue, which may increase (or create) a balloon payment due at the end of the loan term. Apply for HAP through the MySBA Loan Portal .
All loans in repayment, including past due loans, are eligible. You're also eligible if your loan is in default (more than 120 days late on a payment) as long as it hasn't been sent to the Treasury for extra collection steps. This generally occurs after you are 180 days late on a payment. Once Treasury takes extra collection steps, your loan is no longer eligible, and you must work with Treasury on any further steps. If your loan was already sent to the Treasury, you'll need to make payments directly to them.
Borrowers are eligible to enroll in the Hardship Accommodation Plan beginning 60 calendar days before their first payment due date.
If your loan amount is less than or equal to $200,000:
If your loan amount exceeds $200,000:
SBA offers free or low-cost counseling for small businesses through its national network of Resource Partners. These partner organizations may be able to help review your business plan, identify opportunities to access capital, or provide information on applicable tax benefits, among other counseling services. Contact your local District Office for assistance with locating a Resource Partner to address your needs or search to see what is available in your area.
COVID-19 EIDL Customer Service will provide the Application for SBA Consent form for matters such as:
For guidance on an anticipated business closure or liquidation, please send a message through the MySBA Loan Portal or contact COVID-19 EIDL customer service .
If you are a non-profit COVID-19 EIDL borrower that expended $750,000 or more in loan funds (and expenditures from other Federal awards) in a single year, you are subject to requirements under the Single Audit Act. Because there are no continuing compliance requirements, these audit requirements only apply in the year that the loan funds are spent. For more information on Single Audit Act requirements, please review 2 CFR 200, Subpart F or consult an accountant.
EIDL Advances are not subject to requirements under the Single Audit Act.
COVID-19 EIDL Assistance: Please contact COVID-19 EIDL Customer Service at 833-853-5638 (TTY:711), email COVIDEIDLServicing@sba.gov, or send a message through the MySBA Loan Portal. COVID-19 EIDL Customer Service is open from 8:00 a.m. to 8:00 p.m. ET, Monday through Friday.
When emailing SBA, remember to always include your loan or application number as well as reason for request in the email subject line. In the body of the email, include your loan or application number, reason for request, business name, applicant name and contact information.
MySBA Loan Portal Technical Assistance: Please contact MySBA Loan Portal Customer Service at 833-572-0502, from 8:00 a.m. to 8:00 p.m. ET, Monday to Friday, or email cls@sba.gov. MySBA Loan Portal Customer Service cannot access your individual loan information.
Targeted EIDL Advance Assistance: Please email TargetedAdvance@sba.gov for help with Targeted EIDL Advance.
Any other assistance: Please contact SBA.