Procedural notice 50000-20015

Guidance on SBA’s Implementation of Section 1112 of the CARES Act for the SBA Microloan Program

The purpose of this notice is to address the implementation of Section 1112 of the CARES Act for the Microloan Program.

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In accordance with Section 1112(c), SBA will pay the principal, interest, and any associated fees that borrowers owe on a “covered loan” in a “regular servicing status” to SBA Microloan Program Intermediary Lenders for a six-month period.

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Effective: April 8, 2020
Owned by: Office of Capital Access
Related Programs: Related programs: 7(a)

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Last updated January 27, 2021