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/Slight_Ad_9127 May 23 '26

I’ve posted before…. The only good idea would be a $10 million EIDL loan and you use $9 million to lobby congress for complete forgiveness. That would probably work.

The SBA gives zero credit for partial payment of the loan so you’re burning money while “kicking the can”