• Nonrecourse – The Administration (SBA) has no recourse against any individual shareholder, member, or partner of an eligible recipient of a covered loan for nonpayment of any covered loan UNLESS it is used for a purpose not authorized.
  • No Guarantee – Between February 15, 2020 and ending June 30, 2020, no personal guarantee is required for the covered loan AND no collateral is required for the cover loan.
  • No Fees – Between February 15, 2020 and ending June 30, 2020, with respect to covered loan, the Administrator will not collect a fee.
X
X