ECDI LOAN CLIENTS, WE'RE HERE TO HELP YOU WEATHER THE COVID PANDEMIC
Dear ECDI clients,
For any portion of your ECDI loans that are designated as an SBA Microloan or SBA Community Advantage Loan, your full payment (principal and interest) will be paid for six months, from April to September, 2020 by the SBA, as part of the CARES Act. You are not responsible for payments until October, 2020.
On the remainder of your non-SBA loans, ECDI is providing an automatic two-month deferment of your entire payment to ECDI. No payments are required for the months of April and May.
ECDI staff will contact you before June 1, 2020 to discuss payment arrangements.