MySBA Loan Portal: Manage Your SBA Loan with Ease

Everything You Need to Know About the New SBA Loan Management System

The U.S. Small Business Administration (SBA) has introduced a new loan management system that is designed to make it easier for borrowers to manage their loans. The MySBA Loan portal offers a range of features to help borrowers keep track of their SBA loans and make payments. In this article, we will provide you with everything you need to know about the MySBA Loan portal.

Logging In

If you already have an account for the Capital Access Financial System (CAFS) or Veteran Small Business Certification (VetCert) , you can use your existing username and password to log in to the MySBA Loan portal. If you do not have an account, you will need to register for a new account in the MySBA Loan portal.

Loan Details

Once you log in, you can view your loan balances, payment due dates, and other loan details. COVID-19 EIDL borrowers will receive monthly email reminders, but you must log in to the MySBA Loan portal to view your payment due date and amount.

Making Payments

The MySBA Loan portal offers several options for making payments, including online payments, online bill pay through your personal banking account, and mail-in payments. Recurring payments can also be scheduled through the pay.gov website. Please note that only PPP and 7(a) borrowers with purchased loans will be able to make payments through the portal. Borrowers with 504 loans and microloans should contact their lender directly for payment information.

Get Help

If you need assistance with your SBA loan or the MySBA Loan portal, there are several resources available to you. COVID-19 Economic Injury Disaster Loans can contact the SBA COVID-19 EIDL Customer Service Center, while Disaster Loans borrowers can contact the SBA Disaster Assistance Customer Service Center. MySBA Loan Portal technical assistance is available through the MySBA Loan Portal Customer Service.

Future Enhancements

The MySBA Loan portal is continuously being updated, and future enhancements will include recurring payments. This will make it even easier for borrowers to manage their SBA loans.

Concluding Thoughts

The new MySBA Loan portal is an excellent tool for borrowers who want to keep track of their SBA loans and make payments. With features such as loan details, payment options, and customer support, the portal makes loan management more accessible than ever. To get started with the new MySBA Loan portal, log in or register today.

Follow COGO! For getting automatic updates of new webinars regarding funding options, and new business trainings hosted related to SBA.