SBA Bill Pay: A Guide to Making Payments

If you’re an entrepreneur who has taken out a loan from the Small Business Administration (SBA), it’s important to know how to make payments on time. In this guide, we’ll go over the two ways to make SBA bill payments online, using the official websites provided by the U.S. Small Business Administration.

Method 1: Pay.gov – 1201 Borrower Payments

To make a payment using Pay.gov, follow these steps:

1. Go to the Pay.gov website: https://www.pay.gov/public/form/start/3723407
2. Click on the “Continue to the Form” button.
3. Fill out the form with your loan information, including the loan number, payment amount, and payment method (bank account or credit/debit card).
4. Review your information and click “Submit” to complete the payment.

Note: You can also create an account on Pay.gov to store your payment information and make future payments easier.

Method 2: SBA.gov – Make a Payment to SBA

To make a payment using the SBA website, follow these steps:

1. Go to the SBA website: https://www.sba.gov/funding-programs/loans/make-payment-sba
2. Click on the “Make a Payment” button.
3. Log in to your SBA account using your username and password. If you don’t have an account, you can create one on this page.
4. Once logged in, you’ll be directed to the loan payment page. Fill out the form with your loan information, including the loan number, payment amount, and payment method (bank account or credit/debit card).
5. Review your information and click “Submit” to complete the payment.

Tips and Reminders

• Make sure you have your loan number and payment information ready before starting the payment process.
• Use a secure internet connection to protect your personal and financial information.
• Keep a record of your payment confirmation for your records.
• If you encounter any issues during the payment process, you can contact the SBA’s customer service center at 1-800-659-2955 or email them at [email protected].

Conclusion

Making SBA bill payments online is a straightforward process that can be completed through either the Pay.gov or SBA.gov websites. Remember to have your loan information and payment method ready, and always use a secure internet connection to protect your personal and financial data. If you have any questions or concerns, you can contact the SBA’s customer service center for assistance.