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SBA Disaster Loan Deferment Extended Until 2022

SBA Disaster Loan Deferment Extended Until 2022

Author: Junjuan SongDate: April 22, 2021

The Small Business Association (SBA) has extended the deferment periods for all disaster loans until 2022. That means businesses that received loans under the COVID-19 Economic Injury Disaster Loan program won’t have to start making payments on the loan until 2022.

“Small Businesses, private nonprofits and agricultural enterprises, including those self-employed individuals, contractors and gig workers, continue to navigate a very difficult economic environment due to the continued impacts of the Coronavirus COVID-19 pandemic, as well as historic Severe Winter Storms in 2020,” SBA Administrator Tami Perrillo said in a press statement.

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