IMPORTANT REMINDER FOR CURRENT CLIENTS:
The CARES Act and 504 subsidy payments will expire and all SBA loan payments will resume automatically via ACH transfer on October 1, 2020.
The CARES Act provided debt relief for SBA 504 loan payments for 6 months. In accordance with the CARES Act, the Central Servicing Agent (CSA) stopped automatically debiting borrowers’ accounts on the first of each month, beginning on April 1, 2020 through September 2020. The CSA will begin debiting those accounts on October 1, 2020.
For borrowers who funded after April 1, 2020, your ACH payments will not restart until you have received all six CARES Act payments. Borrowers who have not yet received all six CARES Act payments as of October 1, 2020 will not be debited. For updates and more information for existing clients, click below.Learn More