SBA Extends Deferment of Principal & Interest for COVID EIDL Loans

On March 16, the U.S. Small Business Administration (SBA) announced a new program to provide additional deferment of principal and interest payments for existing the COVID Economic Injury Disaster Loan (EIDL) program for a total of 30 months from inception on all approved COVID EIDL loans. The extended deferment period will provide additional flexibility to small business owners impacted by the pandemic, especially those in hard-hit sectors managing disruption with recent variants, as well as recent supply chain and inflation challenges amid a growing economic recovery.

Share this article...

Want our best tax and accounting tips and insights delivered to your inbox?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Our Offices

Our expertise is widespread and we have multiple office locations to make it convenient for you to get help. You can find us at:

Palmdale

41250 12th Street West Suite F
Palmdale, California 93551

Valencia

27433 Tourney Rd. Suite 120
Valencia, CA 91355

Let us take your tax and accounting needs off your hands today.