EIDL Experts helps business owners resolve SBA COVID-19 Economic Injury Disaster Loans. It doesn't matter if the company is still operating, already closed, or the file has been sent to Treasury. We'll tell you exactly where you stand.
What we can do depends on the size of your loan, how the business was structured, and where the file sits today. Here's the honest breakdown.
COVID EIDL loans of $200,000 or less generally did not require a personal guarantee.
If the loan was taken in the name of an LLC or corporation, not a sole proprietorship, and the business has permanently closed, we may be able to help separate that debt from you personally.
Loans above $200,000 carry a personal guarantee. That doesn't leave you stuck with the current payment.
Once a loan is referred out, a 32% default fee gets added on top of what you already owe. That is often the piece worth fighting.
Plenty of owners assume they waited too long or that a closed business means nothing can be done. That's usually not true.
Loan amount, entity type, whether the business is still open, and current status. It takes about two minutes.
One of our specialists goes through your loan documents and your SBA or Treasury status and tells you what's realistically available.
If there's a path worth taking, we do the filing and the follow up with the SBA so you can get back to running your business.
Start with the questionnaire and we'll come back to you with a straight answer, or call and speak to someone now.
Your loan documents, entity structure, and current SBA or Treasury status decide what's possible. We'll read them and tell you.
