SBA EIDL Loan Deferment For Another 12 Months? – Bill HR 1533 in Congress 2021
New Congress bill HR 1533 proposes the SBA EIDL Loan to be deferred for an additional 12 months. This would help many small businesses that received the Covid-19 EIDL Loan from the SBA to not have to start making their EIDL loan payments to the SBA for another 12 months.
This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Freedomtax Accounting and Multiservices Inc. is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Freedomtax Accounting and Multiservices Inc. or its members cannot be held liable for any use or misuse of this content.
Introduced on Mar 3, 2021. This bill is in the first stage of the legislative process. It was introduced into Congress on March 3, 2021. It will typically be considered by the committee next before it is possibly sent on to the House or Senate as a whole.