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Form 4506T-EZ for Moreno Valley California: What You Should Know

COVID-19 Form (Loan Applications/Transcription) COVID-19 Utility Assistance Program of the SBA For each individual who resides in or has been employed in Moreno Valley California, who, because of the disaster, is unable to access regular banking and who has been issued a COVID-19 IDL Disaster Loan and will not receive additional disaster funding from the SBA, the SBA will require the individual to file an individualized request. (See additional information about COVID-19 Program). The individual's SBA number is required during this application to receive the individual's full SBA benefits on the COVID-19 loan. Incomplete returns are not a credit to the individual's SBA account, nor will an individual have any additional SBA loan payments. The SBA expects to process each individual request within five (5) business days. All applications will be considered on a first-in first-out basis. The SBA will not pay individual tax refunds to people who have applied for a COVID-19 loan. The SBA will take the following action on individual requests: After an application has been processed, the loan amount requested in the individual's request and the amount received in the individual's benefit from the COVID-19 loan will be automatically credited to the individual's SBA account. The amount will be treated as if it had been received in a payment from the SBA on a COVID-19 loan. As such the SBA is not obligated to pay this amount back. SBA will use the applicant's SBA account number and Social Security number to identify the person. SBA will apply the loan amount received as COVID-19 loan amounts to the individual's individual tax refund due as of the 15th day following the date the application is issued. After the SBA has provided this individual with the individual's individual tax refund due, the SBA will provide the applicant with the individual's SBA account number and the COVID-19 loan amount that was obtained. The SBA will make the COVID-19 loan repayment on the individual's behalf. SBA would provide the applicant a letter that explains the amount of COVID-19 loan assistance and gives the applicant information he should consider to be important in determining the total amount of COVID-19 loan assistance which he may qualify for.

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