Accrued Interest Collateral Financial services 
Jimerson Firm
NOVEMBER 5, 2020
If a loan deferment is granted, interest on the SBA loan will continue to accrue during the deferment period. When payments resume, the payment may be applied first to accrued interest, then to principal. See SOP 50 57 2. 7(a) Loan Deferments.
Jimerson Firm
FEBRUARY 11, 2022
Per the notice, the lender is obligated to continue servicing PPP loans until they are: (1) paid in full; (2) forgiven in full; or (3) the SBA purchases the guaranty and provides for charge-off of the remaining balance. However, the SBA has recognized alternative procedures for unsecured PPP loans.
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