SBA Covid EIDL program shows no 'abnormal' signs of nonpayment - Phoenix Business Journal

The Small Business Administration is seeing millions of its Covid-19 Economic Injury Disaster Loans roll over into servicing, but there is no sign of higher-than-normal rates of nonpayment on the loans.that the agency has started servicing the 3.9 million EIDL loans it made between 2020 and 2022.

“We will continue to track it as loans continue to become due,” Guzman said. “The bulk of them came due in January, so they are starting to roll into the portfolio.” Meanwhile, the Paycheck Protection Program continues toward the end of the forgiveness phase, with roughly 95% of the loans forgiven, Guzman said. But she stressed that not all businesses will likely seek forgiveness, with some opting to make payments as it converts to a traditional loan.

She stressed that small-business owners who made so-called"good faith errors" will have to pay back their loans, weighing in on a dispute brought by small-business advocates who claimed constantly changing PPP rules in 2020 and 2021 should

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

SBA Covid EIDL program shows no 'abnormal' signs of nonpayment - Dallas Business JournalMillions of Covid-19 Economic Injury Disaster Loans are rolling over into servicing, but the SBA isn't seeing higher-than-normal rates of nonpayment. That being said, the SBA is making a push to aid its efforts.
Источник: DallasBizNews - 🏆 525. / 51 Прочитайте больше »

SBA Covid EIDL program shows no 'abnormal' signs of nonpayment - San Francisco Business TimesMillions of Covid-19 Economic Injury Disaster Loans are rolling over into servicing, but the SBA isn't seeing higher-than-normal rates of nonpayment. That being said, the SBA is making a push to aid its efforts.
Источник: SFBusinessTimes - 🏆 78. / 68 Прочитайте больше »

Super Bowl merchandise sales in Phoenix up 14% over last year in LA - Phoenix Business JournalSuper Bowl LVII was a success on multiple fronts it appears. Only one Super Bowl Experience in history outsold the 2023 Super Bowl week in Phoenix — Super Bowl 50 in the Bay Area — but that store was open one day longer than the Phoenix one.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »

Expanded Clarendale Arcadia senior living in Phoenix targeted for spring opening - Phoenix Business JournalA key trend for a modern senior living community is accessibility to neighborhood amenities, especially walkable ones for the seniors who live there, the developer of the project said.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »