UPDATED 7/21/22: All COVID-EIDL Loans approved in calendar years 2020, 2021 & 2022 now have a total deferment period of 30 months from the date of the Note. Interest will continue to accrue on the loans during the deferment. After the deferment period ends, borrowers are required to make regular principal and interest payments. There are three ways to make payments to an EIDL loan:

  • Pay Online – the preferred method for the SBA
  • Use a bill pay service through your bank or a third party to send ACH payments to the SBA
  • Pay by mail

Many small businesses and the self-employed are choosing to make payments on that interest that is accruing or even want to pay the EIDL loan back in its entirety. According to the SBA there are two website that are important when discussing the EIDL loan and the options to begin making payments toward that loan balance:

  1. https://caweb.sba.gov – View your SBA loan information here (account balances and due date)
  2. https://Pay.gov – Processes payments for the US Treasury. Representatives at this site do no have access to any of the SBA loan information, such as loan interest and any due dates. Use this website to set up a one time payment or recurring payments. You will need the SBA Loan Number to access this website, not the application number.

For questions related to the EIDL loan, please refer to the EIDL section of SBA website or by calling their Customer Service Center at 1-800-659-2955.