Pandemic business relief

SBA's largest-ever debt referral hands 500,000 pandemic borrowers a fee of up to 32 per cent

Nearly 500,000 delinquent COVID EIDL loans moved from the SBA to Treasury collection this spring, where a fee of 28 to 32 per cent lands on balances written at 3.75 per cent over 30 years. Many owners learned of the transfer from the bill.