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What is SBA Debt Relief?

Objective:

  • U.S. Small Business Administration Debt Relief

Environment:

  • Clio Cares

Additional Information:

  • More information can be found on the U.S. Small Business Administration's website here.
  • Please note: Must have an existing SBA loan or business relationship with the SBA to qualify.

Answer:

From the SBA's website:

As part of SBA's debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
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