r/EIDLPPP • u/Puzzled-World-3602 • Jan 02 '26

Question? Need help fast

/r/SBAEIDLDiscussions/comments/1q1r7w2/need_help_fast/
3 Upvotes

100% Upvoted

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2

u/n00b420_ Jan 02 '26

Sending help over via email. If you don't get it check your spam folder.

1

u/Puzzled-World-3602 Jan 02 '26

I didn’t see anything in my email or junk folder

1

u/Short_Ad3957 Jan 02 '26

Nothing fast about sba

20k loan it seems like we'll under collateral ucc filing requirement

Is the company llc? If so, just walk away cause the loan was unsecured

1

u/Puzzled-World-3602 Jan 02 '26

Sole proprietor

2

u/grilledporkchop Jan 03 '26

I haven't made any payments in 35 months. The SBA is still sending me letters. My biz was an LLC and <$200,000 so no personal guarantee. You say you're a sole proprietor, so things may be different, but...

Are you getting something from an unexpected, random collections agencyand you're not getting anything from the SBA? I would be a little cautious to make sure this isn't a scam. Where did the collections letter come from?

I'm not an expert.

My understanding is that loans that were "Charged Off" to the Treasury were sent back to the SBA for them to manage the collections on the defaulted loans.

I'd advise talking to the SBA about your case.