S b a loans
Are the U.S. small business administration loans that were given out during COVID-19, also known as the economic injury disaster loan, are they forgivable and/or if they are charged off, do you have to pay them?
Terry Says
There were a number of different loan programs during Covid. Are you talking about PPP loans? If you have a loan, I suggest you talk your lender.
If it was a PPP loan,you may still be able to get forgiveness. This page should help:https://www.sba.gov/document/sba-form-3508-ppp-loan-forgiveness-application-instructions
But if it was an EIDL loan, there is no forgiveness. Read this:https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl
