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 Eidl Loan Requirements In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00193
Format:
Word;
Rich Text
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FAQ
Eligibility requirements Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business. Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources.
Businesses must meet the following criteria to qualify for economic injury: The business was directly impacted by the disaster. The business cannot cover expenses due to the disaster and/or debt payments. The business was physically located in the declared disaster area.
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SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. Create an account in the MySBA Loan Portal (lending.sba.Gov) to monitor your loan status or to make payments. Credit History Applicants must have a credit history acceptable to SBA. • Repayment – Applicants must show the ability to repay the loan. That depends on how soon you file a complete SBA loan application. Here's how to apply for the SBA Disaster Loan, and what you'll need to know to complete the application successfully. 25 deadline to apply for an SBA federal disaster loan for economic injury.