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.
Eidl Loan Forgiveness For Self Employed In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
Description
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FAQ
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
As of 2024, businesses with COVID-19 EIDL loans must focus on managing their repayment obligations. These loans are not eligible for forgiveness (except for the EIDL advance grants) and require full repayment.
COVID-19 EIDL is not forgivable.
Note: a 1099 is not the same as a W-2 and would indicate that you are receiving “non-employee compensation” which is generally an employee status that is not eligible for PSLF.