On December 5, the Small Business Administration announced it will waive the interest rate for the first year on new disaster loans. Further, it will automatically extend the initial payment deferment period to 12 months. The change is effective for all disaster loans approved in response to disasters declared from September 21, 2022 – September 30, 2023. The effective date covers SBA disaster loans currently available for Hurricane Fiona and Hurricane Ian. SBA does not have the authority to forgive interest that has already accrued on disbursed loan funds.
About HRWS
HR Workplace Services, Inc. (HRWS) partners with the nation’s top insurance brokers and agencies providing their clients with best-in-class services for support and HR concerns, compliance and technology. HRWS operates in all 50 States and in over 25 different countries, serving organizations from three to 200,000 employees in 545 SIC Codes.
If you have questions about HRWS, call or email us directly or ask your insurance broker about us.
P: 866-691-7757
E: support@hrworkplaceservices.com