Debt Relief for existing HEDCO/SBA borrowers
The Small Business Debt Relief Program is part of the CARES Act that was signed into law on March 27, 2020. This program will provide immediate relief for small businesses with non-disaster SBA loans, in particular HEDCO/SBA 504 loans, 7(a) and microloans. Under the program, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months starting with the April 1, 2020 payment. This relief will also be available for new loans funded by September 27, 2020.
Additional loans and programs are also available directly through the SBA and our lender partners. More information can be found at at www.sba.gov