The CARES Act, signed on March 27, 2020, and the Economic Aid Act, signed on December 27, 2020, have provided significant payment relief for SBA 504 borrowers. Payments, called Section 1112 Subsidy Payments, have been (or will be) made by the US Government. While the information may appear confusing, BEFCOR’s Servicing Team is up to date on all of the changes regarding Section 1112 Subsidy Payments, and where your loan stands in terms of eligibility.
Where do you fall in Section 1112 (CARES Payments) Subsidies?