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On, an SBA representative can provide you with more details on your specific situation. Are There Insurance Requirements for Loans? To protect each borrower and the Agency, SBA may require you to obtain and maintain appropriate insurance. By law, borrowers whose damaged or collateral property is located in a special flood hazard area must purchase and maintain flood insurance for the full insurable value of the property for the life of the loan. For more information, contact SBA s Disaster Ass.
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Disastercustomerservicesba FAQ
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View loan balance and make payments Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments.
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An EIDL cannot be forgiven; as a result, the whole amount due must be paid. The SBA website states that this grant is no longer accessible.
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View loan balance and make payments 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.
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The Freedom of Information Act (FOIA) became law in 1966. It allows any person to request access to federal records or information. SBA must provide this information unless it is not allowed under the law (exempt).
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The U.S. SBA regularly publishes EIDL loan data for all past EIDL loan recipients. All data in this search comes directly from the publicly available EIDL data on the SBA website.
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As of September 8, 2021, new COVID-19 EIDL policy changes took effect as follows: Maximum loan cap increased from $500,000 to $2 million. Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and payment of federal debt.
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An SBA 7(a) or 504 Loan provides businesses with access to capital that might not otherwise be available, with more flexible underwriting than conventional business loans. With an SBA Loan, businesses can benefit from: Lower down payment requirements. Longer repayment terms — up to 25 years.
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Your SBA PPP loan number will be displayed on the left side of the screen. You may also call the SBA PPP Hotline at (877) 552-2692, Monday through Friday, 8 am to 8 pm ET. Your PPP loan number is also on your Promissory Note.
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