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What is the new lending program in 2023?

10/26/2023 - The CalHFA Board of Directors approved the second round of the Dream For All Shared Appreciation Loan Program at its October board meeting. We anticipate a release date for the program in early Spring of 2024, with official program details and announcement coming in January.

Do you have to pay back SBA disaster loans?

Loan details Note: SBA began approving loans greater than $500,000 on October 8, 2021. Payments are deferred for the first 2 years (during which interest will accrue), and payments of principal and interest are made over the remaining loan term. No penalty for prepayment.

Is SBA still giving loans?

As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications.

Is SBA giving out loans 2023?

In Fiscal Year 2023, the SBA transformed its lending and investment programs and expanded its capital partners to deliver nearly $50 billion in startup, growth, and recovery capital, as well as surety bonds, including more small business lending to people of color, women, and veterans.

Is it worth getting a SBA disaster loan?

SBA is the primary source of Federal money for long-term disaster recovery. Non-farm businesses (including rental properties) of all sizes as well as homeowners, and renters, whose property was damaged as a result of a declared disaster, should apply for a low-interest SBA disaster loan.

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