SBA Debt Relief covers payments for 6 months

Illinois District Office  - July 2020

u s small business administration
SBA-Guaranteed Loans. Lending Partner - Loan - Small Business

Debt relief for new SBA-backed loans

As part of our coronavirus debt relief efforts, the SBA is paying six months of principal, interest, and any associated fees for current and new SBA-backed loans disbursed before September 27 in the agency’s most popular loan programs (7(a), 504, and Microloan).

Note: If you’re seeking a loan to cover fixed assets such as furniture, real estate, machinery, equipment, construction, and/or remodeling, you may need to have information to your lender by August 7 for the loan to be processed in time.  

Learn more about starting or growing your small business with an SBA-guaranteed loan and start the process now to take advantage of six months of debt relief.

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Small business training

Register now for upcoming events

Thursday, July 23

SBA Resources for Latinx-Owned Businesses | Hosted with the Illinois Department of Commerce & Economic Opportunity | 1 p.m. CT | Register here

Friday, July 24

Fridays with Fergie | Sign up for a free one-on-one small business consultation with SBA Illinois Deputy District Director Mark Ferguson | Register here

Monday, July 27

Start, Grow, and Recover: SBA Programs To Help Your Small Business | 1 p.m. | Register here

Tuesday, July 28

Marketing Strategies and Tactics During COVID-19 | Hosted by the Women's Business Development Center - Aurora | 12 p.m. | Register here

Surety Bond Guarantee Program | 1:30 p.m. | Register here

Thursday, July 30

Civil Unrest Disaster Loans | 11 a.m. | Register here

Thursday, August 6

Kick-start Your Small Business | 10:30 a.m. CT | Register here


Economic Injury Disaster Loans: What to Do if You Suspect Fraud

If you think you think your data may have been used to secure a fraudulent Economic Injury Disaster Loan, contact the National Center for Disaster Fraud Hotline at 1-866-720-5721 or fill out this Web Complaint Form. Fraud, waste, abuse, or mismanagement of federal funds involving SBA programs, operations, or personnel may also be reported to the SBA OIG Hotline at (800) 767-0385 or via the OIG’s complaint form.


Stay updated

Visit sba.gov/coronavirus for updates on the loan programs, guidance for businesses and employers, and other SBA resources.

If you have questions about your already submitted EIDL application, contact the SBA Disaster Customer Service Center at (800) 659-2955 or disastercustomerservice@sba.gov.

Follow @SBA_Illinois on Twitter.

E-mail questions to illinois.do@sba.gov.