Ask Terry Questions S b a loans

S b a loans

By Terry Savage on October 22, 2023 | Wild Card

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:

But if it was an EIDL loan, there is no forgiveness. Read this:



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