What is the SBA Disaster Loan Forgiveness Program?
The SBA disaster loan forgiveness program allows certain individuals who have been affected by a natural disaster to get part of their SBA loan forgiven. In order for your small business to qualify for this program, it has to be located in an area that was classified as a natural disaster zone. You will then have to contact the SBA in order to determine if there is any chance of getting part of your loan forgiven. With this program, you will not have to repay the amount of money that is forgiven.