Toledo Regional Chamber of Commerce | Toledo, OH

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  • Toledo Chamber
    • Covid19
    • Reboot >
      • Member Resources
      • Webinars
      • PPE Suppliers
    • About the Chamber >
      • Vision, Mission, History
      • Diversity Statement
      • Key Objectives
      • GEO Program
      • Board
      • Staff
      • Directions to Office
    • Become a Member >
      • Membership Application
    • Benefits of Membership >
      • MEWA
      • Products and Services >
        • COSEMEWA
      • Creating Networks
      • Advocacy and Public Policy
      • Growth Opportunities
      • Talent Attraction & Retention
    • Events Calendar
    • Membership Directory
    • Newsroom >
      • Member News
      • Newsletter Archives
    • Members Only Portal
    • Contact Us
  • Business Resources
    • Small Business Development Center >
      • Learning Center
      • Client Counseling Request
    • Ohio SBDC Export Assistance Network >
      • Export Success
    • Toledo Area Small Business Association
    • Business Development Resources
    • Business Connect Submit
    • Minority, Women and Disadvantaged Business Enterprise Directory >
      • MWDBE Directory Submission Form
    • Emergency Preparedness Resources >
      • CoronaVirus Communication SignUp
  • Advocacy & Public Policy
    • Public Policy Agenda
    • Regional Elected Officials
    • Campaign Central
    • Institute for Leadership & Advocacy
    • Boards and Commissions
    • Veterans Resources
  • Talent & Workforce
    • Chamber Recruiting Services
    • EPIC
    • Opportunity Accelerator
    • REDI
    • Summer In the City
    • Talent Attraction
    • Workforce Development
  • Toledo Region
    • Regional Information
    • Visiting
    • Relocating
    • Job Board
    • Community Calendar
  • Toledo Region Data Center
    • Industry Employment
    • Industry Forecast
    • Unemployment
    • Median Income
    • Migration
    • Occupation Forecast
    • Employment by Occupation
    • Average Industry Pay
    • Firm Size
    • Per Capita Income
    • Per Capita GDP
    • Poverty
  • Site Map
  • Blog

Toledo Region News

ARTICLE

Date ArticleType
3/23/2020
US Small Business Administration Administrator Carranza Implements Automatic Deferment on Existing SBA Disaster Loans Through End of 2020

WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment.

“The SBA is looking at every option and taking every action to cut red tape to make it easier for small businesses to stay in business. Automatically deferring existing SBA disaster loans through the end of the year will help borrowers during this unprecedented time,” said Administrator Carranza. “Today’s announcement adds a list of growing actions the SBA is taking to support small businesses. These actions include making it easier for states and territories to request a declaration so small businesses statewide can now apply for economic injury disaster loans, and changing the terms of new economic injury loans to allow for one-year deferments. We are working around the clock to find ways to assist small businesses and today’s action is one step in this process.” 
 

Visit SBA.gov/Coronavirus for more information on SBA’s assistance to small businesses.



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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov

 

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