SBA waives interest, payments for a year on disaster loans - Jacksonville Business Journal

Small-business owners who took out disaster loans in response to Hurricane Fiona and Ivan will not have to make any payments for a year.

The new policy includes all new disaster loans made through Sept. 30, 2023, according to an announcement by the SBA. The extended deferment is automatic and loan borrowers do not need to take any additional action. There is also no prepayment penalty and borrowers can begin making payments during the deferment period if they choose, the SBA said.

The SBA has already approved about $1.2 billion for residents and business owners impacted by Hurricanes Fiona and Ian.The disaster loan relief change is the latest in a series of moves the agency has made to tweak its programs and policies in the wake of the Covid-19 pandemic.to bolster defense industry supply chain and increase innovation through its small-business programs.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SBA waives interest, payments for a year on disaster loans - Jacksonville Business JournalThe SBA is making a change to its disaster loan programs. Here's what it means for small businesses.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Murals with Meanings initiative in Jacksonville - Jacksonville Business JournalHearts for Minds turns family tragedy into nonprofit organization and mural art initiative to promote mental health awareness.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Murals with Meanings initiative in Jacksonville - Jacksonville Business JournalHearts for Minds turns family tragedy into nonprofit organization and mural art initiative to promote mental health awareness.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

The List: Here's the largest corporate accounting firms in Jacksonville - Jacksonville Business JournalThe List: Here are the area's largest accounting firms
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Source: JaxBizJournal - 🏆 599. / 51 Read more »