The SBA Made 6 Monthly Loan Payments on Your Behalf. Is That Taxable Income?
Are you one of the millions of businesses that have an outstanding non-disaster Small Business Administration (SBA) loan? These include: 7(a) loans: general small business loans of up to $5 million, 504 loans: loans of up to $5.5 million to provide financing for major fixed assets such as equipment or real estate, and microloans: short-term […]
The SBA Made 6 Monthly Loan Payments on Your Behalf. Is That Taxable Income? Read More »