We are not affiliated with the SBA; we serve as a relief team for business owners
Need EIDL Payment Relief?
EIDL Hardship Relief Plan
The SBA EIDL hardship accommodation program enables businesses facing financial difficulties due to the COVID-19 pandemic to modify the terms of their EIDL loans
Confirm Your Eligibility for EIDL Payment Relief
-
Zero Upfront Charges
-
Fast Approval Timeline
-
Lower Monthly Payments by 90%
-
Strengthen Your Business Finances
-
Service Fee Dependent on Approval
How does the EIDL Hardship Accommodation Plan work?
The SBA Economic Injury Disaster Loan (EIDL) program has served as an essential resource for numerous small businesses throughout the COVID-19 pandemic, acting as a crucial financial lifeline. However, many businesses are facing difficulties in repaying their loans due to continuing financial strains from the pandemic. In response, the SBA has introduced a hardship relief plan to offer extra assistance to struggling businesses. As a leading consulting firm specializing in government programs and grants, we are equipped to help businesses navigate the application process for the SBA EIDL hardship accommodation plan.
Does your loan meet eligibility requirements?
All loans that are currently being repaid in hardship, including those that are past due, qualify for eligibility. You are also eligible if your loan is in default (i.e., more than 120 days late on a payment)
Overview
Borrowers must contribute a fixed percentage of their monthly payment. The extent of payment reduction will depend on their previous enrollment status.
Throughout the Hardship Accommodation period, borrowers have the option to make larger payments voluntarily.
After the six-month Hardship Accommodation period concludes, borrowers will be expected to resume their regular monthly payment amount. If needed, borrowers may have the option to renew the Hardship Accommodation Plan, though the terms for renewals may differ.
Staying current on your payments is crucial. If you participate in this assistance plan but fail to make payments, your loan will revert to being in default. Defaulting on government debt can lead to severe consequences. The SBA suggests enrolling in autopay to help ensure you don’t miss any payments.
What Makes Payment Relief Team Valuable?
Applying for the SBA EIDL hardship accommodation plan can be challenging and time-consuming for struggling businesses. The payment relief team is here to help. We understand the SBA EIDL program and can assist businesses with the application process.
-
Minimize the risk of your application being rejected by collaborating with our specialists to clearly explain your business's financial struggles and ensure your application and necessary documentation are complete.
-
Get your application in on the same day to fast-track approval.
-
Lower your monthly payment by as much as 90% for at least 6 months.
Get in touch with us!
We help businesses communicate with the SBA, including following up on any additional information or documents needed during the application process.
Confirm Your Eligibility for EIDL Payment Relief
-
Zero Upfront Charges
-
Fast Approval Timeline
-
Lower Monthly Payments by 90%
-
Strengthen Your Business Finances
-
Service Fee Dependent on Approval