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Access the MySBA Loan Portal for Small Business Administration lending services and manage your business profile.
For Disaster loans, contact the SBA Disaster Assistance Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov. For PPP, 7 (a), and 504 loans, contact the SBA loan servicing center handling your loan. View loan statements and payment due dates.
COVID-19 EIDL is not forgivable. View loan balance and make payments. Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments.
Today’s announcement makes the 12-month initial payment deferment period permanent and means SBA will continue to provide much-needed relief to disaster loan borrowers by waiving payments for the first year for all disaster loans beyond Sept. 30, 2023. Key changes being announced by the SBA include:
Beginning January 1, 2024, the 1201 Borrower Payment Form will no longer be available to process loan payments. Borrowers can register and make their payments on the MySBA Loan Portal. The MySBA Loan Portal allows borrowers to: Make one-time or recurring payments towards your SBA loan; Cancel recurring payments created on Pay.gov
SBA disaster loans offer low interest financing to small businesses, nonprofits, homeowners and renters located in federally declared disaster areas.
Unlike the COVID-19 Paycheck Protection Program (PPP) loans, which were made through private and non-profit lenders and guaranteed through the federal government, the Small Business Administration’s Economic Injury Disaster Loans (EIDL) are made directly by the federal government.