PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.
Explore the current interest rates for SBA-backed financing.
SBA debt forgiveness may be taxable: If a lender forgives part of your debt, you may receive a 1099 form for that amount. The ...
The Small Business Administration (SBA) is freezing loan payments to nearly 7,000 Minnesota borrowers over suspected fraud.
(KNSI) – The U.S. Small Business Administration has suspended nearly 7,000 Minnesota borrowers over suspected fraudulent ...