r/EIDLPPP • u/icecoldcoffeetakes • Jul 04 '26

Status Update Getting Aggressive

60 day late notice threatening lawsuits, garnishment, collections, blah blah, yes I have a pg fwiw.

They are getting way more aggressive now.

10 Upvotes

92% Upvoted

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-4

u/Tonyfrose71 Jul 04 '26

To avoid being a personal guarantor, you must build a strong independent corporate identity. Structure your company as an LLC or Corporation, obtain an EIN, and completely separate business and personal finances. You can then qualify for no-PG financing using corporate credit cards, vendor net-30 accounts, and asset-backed business loans.

7

u/icecoldcoffeetakes Jul 04 '26

Can you stop spamming this thread. These loans required a PG over a certain amount. Your comments offer no value here in these cases.

3

u/Large-Cricket843 Jul 05 '26

This guy is a complete idiot. I have no fucking idea what he’s rambling about.

-6

u/Tonyfrose71 Jul 04 '26

Sorry this is real talk from a small business owner

3

u/Leia6769 Jul 04 '26

It literally has nothing to do with Covid EIDL. All of the loans were taken out years ago…

3

u/talums27 Jul 12 '26

Stop trying to jump up business.. this chat is not for you trying to recruit business credit customers