The U.S. Small Business Administration (SBA) is reminding borrowers that the COVID-19 Economic Injury Disaster Loan (EIDL) deferment period ends 30 months after the date of disbursement. If you received an EIDL loan, you must take the necessary steps to begin loan repayment or enroll in an alternative repayment plan when your deferment period comes to a close.
To view loan balance and payment due dates, borrowers must first set up their SBA Capital Access Financial System (CAFS) account. Once you create and verify your account, you will be able to access the payment website. Account set-up instructions are available here. For more information about making payments to the SBA, click here.
As a reminder, your tax professional will not be setting up your repayment account and plan on your behalf. If you have any questions, please reach out to your tax professional or contact a Janover team member today.