Given the current impact with COVID-19 on local businesses, loan deferrals are being considered on SBA 504 loans. Deferrals of principal or principal and interest up to six months can be requested. The total amount requested to be deferred cannot exceed 20% of the original loan amount.
Please recognize time is needed to process these requests so please work with Business Lending Partners staff directly with any questions or concerns on completing these forms and submitting the requested documentation.