Procedural notice 5000-20029

Guidance on Establishing Maturities of New 7(a) Loans Eligible to Receive Payments under Section 1112 of the CARES Act

The purpose of this notice is to address the standards that SBA expects 7(a) Lenders to apply in establishing the maturity of new 7(a) loans.

Under section 1112(c)(1)(C), SBA is authorized to make these section 1112 payments for new 7(a) loans that are made beginning on March 27, 2020 and through September 27, 2020. The payments were authorized to provide relief to small business borrowers adversely affected by COVID-19.

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File size: 88KB
Effective: June 11, 2020
OMB Control Number: 5000-20029
Related Programs: 7(a)
Last updated August 10, 2020