Find your loan number
If you already have an account on the MySBA Loan Portal, log in to find your loan number.
Your loan number is located in the upper left corner of both the Loan Authorization and Agreement and the Note, if you haven’t already set up an account. It is NOT the same as your application number.
If you need assistance finding your loan number:
- Call 833-853-5638 (TTY:711) to speak with COVID-19 EIDL Customer Service between 8:00 a.m. and m. to 8:00 p. m. ET, Monday through Friday, or email COVIDEIDLServicing@sba. gov.
- For information about disaster loans, call 800-659-2955 or send an email to [email protected]. gov.
- Get in touch with the SBA loan servicing center managing your loan for PPP, 7(a), and 504 loans.
View loan statements and payment due dates
By logging into the MySBA Loan Portal, you can view loan balances and payment deadlines.
COVID-19 EIDL borrowers:
- The first payment is expected to be made thirty months from the original Note’s date, which is listed in the original loan closing documents.
- You will receive monthly email reminders, but to view the exact date and amount of your payment, you must log into the MySBA Loan Portal.
There are several options to make a payment to SBA. The MySBA Loan Portal allows borrowers with the following loan types to make online payments. All others should contact their lender directly for payment information.
- COVID-19 EIDL
- SBA disaster loans
- Guaranty-purchased Paycheck Protection Program (PPP) loans
- Guaranty-purchased SBA-serviced 7(a) loans
- Debenture-purchased 504 loans
Online payments are recommended for faster processing times. To get started:
- Log in to the MySBA Loan Portal.
- Choose the “Action” button by the loan you wish to pay off in the “Loan” section of the home screen.
- Select “Payments” from the dropdown, then “Make payment.”
- Enter your billing information.
For one-time payments:
One-time payments can be made through PayPal, debit cards, and bank accounts.
- Choose “One-Time Payment” for your payment schedule after entering the amount to be paid.
- Review your entries, then select “Confirm Payment.”
For recurring payments:
Debit cards or bank accounts can be used to make recurring payments.
- Choose “Recurring Payment” for your payment schedule after entering the amount to be paid.
- Enter the payment start date.
- Choose the number of installments and payment frequency. When using a debit card, payments cannot be made later than the debit card’s expiration date, and installments are only allowed for a maximum of 36 months.
- Review your entries, then select “Confirm Payment.”
Go to “Loan Accounts” in the top navigation and choose “Manage Recurring Payments” to view and manage recurring payments. ”.
Use online bill pay through your personal banking account:
- Add U. S. Using the Small Business Administration as a payee on your individual internet bank account
- Enter your 10-digit loan number as the “Account Number. “Note: Your application number and loan number are different.” Loan numbers are listed on your account statements.
- If you need to enter a payment address, enter P. O. Box 3918, Portland, OR 97208-3918. In the event that a phone number is required, please enter the number that appears on the front of your statement.
- Make an electronic one-time or ongoing payment through the bill pay service offered by your bank.
Pay your loan in full
You are in charge of paying back any Uniform Commercial Code (UCC) fees that have been paid as well as all daily interest accumulated if you choose to repay your COVID-19 EIDL loan in full. Call COVID-19 EIDL Customer Service at 833-853-5638 (TTY:711) from 8:00 a.m. to 2:00 p.m. to request a payoff amount. m. to 8:00 p. m. ET, Monday through Friday, email COVIDEIDLServicing@sba. gov, or send a message through the MySBA Loan Portal.
- Pay with a check or money order made payable to “U S. Small Business Administration. ”.
- On your check or money order, fill out the memo field with your 10-digit SBA loan number.
- Mail your payment to: U. S. Small Business Administration, P. O. Box 3918, Portland, OR 97208-3918.
Options for COVID-19 EIDL borrowers facing financial hardship
Visit Manage your EIDL to find out more about the COVID-19 EIDL Hardship Accommodation Plan and the SBA’s financial counseling resources. Note: The 30-month COVID-19 EIDL deferment period was not extended. COVID-19 EIDL is not forgivable.
For COVID-19 Economic Injury Disaster Loans, please call 833-853-5638 (TTY:711) from 8:00 a.m. to 6:00 p.m. m. to 8:00 p. m. ET, Monday through Friday, email COVIDEIDLServicing@sba. gov, or send a message through the MySBA Loan Portal.
Disaster Loans: Monday through Friday, starting at 8:00 a.m., please contact the SBA Disaster Assistance Customer Service. m. – 8:00 p. m. ET. You can also email disastercustomerservice@sba. gov.
For technical support with the MySBA Loan Portal, call 833-572-0502, Customer Service, starting at 8:00 a.m. m. to 8:00 p. m. ET, Monday to Friday, or email cls@sba. gov. Customer Service for the MySBA Loan Portal is unable to view the specific loan information you have.
If you have any questions about your account balance, the loan’s due date, or any other aspect, please get in touch with your lender for PPP, 7(a), 504, and Microloans. For loans acquired through the SBA, please get in touch with the SBA loan servicing center indicated on your statement.
FAQ
How do I pay off my SBA loan?
Pay with a check or money order made payable to “U S. Small Business Administration. On your check or money order, fill out the memo field with your 10-digit SBA loan number. Mail your payment to: U. S. Small Business Administration, P. O. Box 3918, Portland, OR 97208-3918.
How do I check my SBA loan balance?
Make payments and check the balance of your loan by creating an account on the MySBA Loan Portal (lending sba. gov) to monitor your loan status or to make payments.
How are SBA loans repaid?
SBA will make monthly payments for eligible loans that are not on deferment based on the next payment due, up to a maximum of six months’ worth of installment payments.
Will SBA loans be forgiven?
Does the SBA forgive loans? Generally speaking, no matter how bad your financial situation is, the SBA does not offer 100% forgiveness on 7(a) and 504 loans. Nonetheless, the SBA will take into account settlements that have been reached between a borrower and their loan issuer for businesses that have been forced to shut down.
Read More :
https://www.sba.gov/funding-programs/loans/make-payment-sba
https://www.pay.gov/public/form/start/3723407