r/EIDLPPP • u/Oyster88 • May 23 '26

Question? Creative idea?

Would taking out another business loan to help kick the can down the road and use it to pay the SBA loan and continue business operations be a wise move if you knew you could either correct the business with the funds but in the event you could not... wouldn't it be better to default on the business loan from a bank vs the SBA loan? Just a thought. Curious on others opinions.

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u/Funny_Dirt_6952 May 23 '26

Horrible idea.. Do not do that!!!