SBA Extends First Payment Due Date of Disaster Loans to One Year for KY Businesses and Residents
… and mudslides. Instead of the normal five months, disaster loan borrowers will now have up to one year from the date of … recovery.” The 12-month deferment is automatic and loan borrowers do not need to take any additional action. … is no prepayment penalty and borrowers can begin making loan payments during the deferment period if they choose. …