There are 4 ways to make payments towards your SBA EIDL loan. There is even an EIDL loan payment option that allows you to make automatic recurring payments towards your SBA Covid-19 EIDL Loan.
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DISCLAIMER
This video is intended for education 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.
How to Make Disaster Loan Payments
Instructions on how to make payments online, by phone, via bill pay service, or by mail.
Online
Pay by accessing the U.S. Treasury’s website [ Ссылка ] and completing the SBA 1201 Borrower Payment form. Accepted forms of payment are: bank draft (ACH), debit cards, prepaid debit cards, and PayPal (limited to ACH accounts). This is a free service available 24/7.
By phone
Call the Service Office listed on your monthly 1201 Billing Notice. If you are at least one day delinquent on your loan payment, call our toll free number 800-490-2498.
By bill pay
When using a bank's bill pay service, add SBA as a bill pay payee using the following information:
Payee Name: SBA
Payee Payment Address:
P.O. Box 3918
Portland, OR 97208-3918
Account Number: Enter your 10-digit SBA Loan Number
By mail
Make checks or money orders payable to SBA. Please enter your 10-digit SBA loan number in the memo field and mail along with the remittance coupon in the return envelope provided with your billing statement or address an envelope to the following:
Small Business Administration
P.O. Box 3918
Portland, OR 97208-3918
Payments should NOT be sent to your Servicing Center as this will result in a delay in processing.
