The fee for this skip payment is $30.00. Interest will continue to accrue during the month when the payment was skipped. To request a skip payment, please call 800.247.4364 or fill out the form at the bottom of the page.
The SBA Payroll Protection Program funds are depleted and no new applications are being accepted. iQ Credit Union is processing loan forgiveness applications. Please contact mblloanprocessors@iqcu.com to start your loan forgiveness application or inquire about an existing application in process.
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Skip/deferred payments will continue to accrue interest during the month(s) in which the payment was skipped. Normal payments will resume after the skip payment period is over unless otherwise stated. If you have GAP or other insurance coverage related to your loan, consult your policy documents prior to skipping a payment as doing so might impact your coverage. Terms and conditions subject to change at anytime without notice.
Loans in bankruptcy on in default on any loan agreement are not eligible.
2A borrower experiencing financial hardship has a right to request a special forbearance lasting up to 180 days (with the option of an additional 180-day period) during the pendency of the "covered period." The covered period is defined as the period beginning on the date of enactment of the Act and ending on the sooner of the termination date of the national emergency or December 31, 2020.
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