Preauthorized Debit News Today

Starting immediately, Agency extends additional relief to small businesses. Today, Administrator Isabella Casillas Guzman, head of the U. S. Small Business Administration (SBA) and the voice for America's 32.

Businesses now have total deferment of 30 months from the date of the note, but loan interest will continue to accrue during the deferment.

Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a total of 30 months deferment from inception on all approved COVID EIDL loans. The extended deferment...