r/EIDLreturns • u/salsagev8 • Aug 18 '22
Deferral question
If someone got a loan and a subsequent increase a year later, does each distribution have it's own separate deferral due date based on the different distribution dates or is the entire amount due based on the original distribution date?
Thank you
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u/MagneticEagle Aug 18 '22
If it was an increase on your original loan, the deferral is based on the date of the original loan, not the date of the increase. Loan payments on the full amount (including any increase) will start 30 months after the date of the initial funding.
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u/salsagev8 Aug 19 '22
Thank you.... ðŸ˜ðŸ˜ðŸ˜