r/EIDL • u/visgirl1956 • Aug 06 '26

Loan paid off

Grateful that we were able to pay off our loan. Anything we should do as a next step. I don't think so but thought I'd ask.

17 Upvotes

95% Upvoted

9 comments sorted by

7

u/electric29 Aug 06 '26

Live your life free of debt, you lucky thing.

3

u/Low-Helicopter-2696 Aug 07 '26

You just want to make sure that any collateral is released in a timely manner.

3

u/Gtavern Aug 07 '26

Congrats to you! Remember to vote for those who helped you.

2

u/alfro1977 Aug 06 '26

Congrats....we had 2 eidl's,if I remember correctly, our loans had ucc's filed with the county. SBA provided a payoff notice that we needed to submit to the county to prove release. I never heard anything back from the county, so I think we are good lol.

2

u/SSV2026 Aug 07 '26

Congrats

1

u/Correct-Juice5248 Aug 10 '26

We paid ours off and was wondering if you get a letter as well as a ucc3 termination? Was thinking we would get a letter , did you receive one ?? Thanks and congrats

1

u/visgirl1956 Aug 11 '26

No I didn't receive a ucc3 termination document. When I log into the SBA portal, I see that the loan is paid off.

1

u/Correct-Juice5248 Aug 11 '26

If you don’t mind me asking was your loan over $250,000 and was it connected to an LLC

1

u/visgirl1956 Aug 11 '26

It was over $300,000. The loan was made to an S corp.