The U.S. Small Business Administration will begin referring defaulted PPP and COVID-EIDL borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024.
If you have not already applied for loan forgiveness or entered into a payment plan, you must act before March 3, 2024.
If you have a PPP loan, follow the instructions at www.sba.gov/PPPForgiveness to complete your PPP forgiveness application by March 3, 2024.
If you have a COVID EIDL loan, visit Manage your EIDL at SBA.gov.
The SBA has live customer assistance available at 877-552-2692 to answer any questions you may have.