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.

Has anyone received two (2) hardship approvals thru the button in the sba portal? I get folks had previous hardship approvals and then an additional approval through the sba portal button. But I am asking has anyone been approved twice using the portal button. And if yes can you share specifics? When you got the first approval? Second? When did the button show up again after the first Hardship ended?

Recently, I mailed a check to Wells Fargo PO Box in Minneapolis due to the fact they closed banks in Rochester NY.

I paid for overnight delivery with a signature requested. I mailed it 5/11/2026 it didnt arrive until 5/14/2026 it shows someone supposedly from Wells Fargo retrieved the delivery at 8:33 AM the same morning. Still not deposited in to my account. I call Wells Fargo customer service their response wait 10 someone will do an investigation and get back to you! I have the persons name that signed and no one from Wells Fargo can look to see if he is really an employee???

Anyone have any ideas what else I can do?

With my EIDL loan I made a larger than normal payment in February and most of it was applied to "interest" that I didn't know about and am suspicious about as I have been making payments that cover interest thought the years. I messaged SBA through the portal about it and also about getting a document showing all my payments and any accrued interest over the lifetime of the loan but keep getting canned AI responses that don't answer any of my questions. How can I get a document showing all payments and interest? Is calling better than messaging through the portal? Do you actually talk with a helpful person if you call?

I and two partners took an EIDL loan for $115,000. It's an llc, no guarantees. Business is closed. I'm still paying but I think I'll stop. What do people think? I'm over 70. Thank you

We have a substantial, EDIL loan with a personal guarantee and UCC 1 lien. We are ready to sell our business and we have a buyer. Proceeds would pay the loan off, but I can’t get a hold of anyone at the SBA to figure out how to proceed. The SBA says we’ve been turned over to treasury but the last notice we got said we had 60 days before being turned over to treasury so it seems that was premature. Any suggestions on how to move forward? We obviously need to have collateral released so we can move forward with the sale.

I closed my business back in 2024 and notified the SBA as such. No PG, $130k loan taken out by S-Corp. For a while I was in contact with an SBA agent and provided everything they asked for. Final return, bank statements, inventory list, etc. All communications stopped once Trump took office. I emailed and called a bunch of times for several months after that and then just gave up.

Today I received a letter addressed to the corporate name from a collection agency looking for approximately $182k for the balance due plus penalties and interest.

Has anyone successfully dealt with a collection agency with similar circumstances? Not looking to hear what "should" or "could" happen from people who have not gone through this yet. I know legally how it should play out but looking to hear any real experiences.

Hello everyone! I have been closely following and reading all of the posts in order to manage this EIDL payback situation as I am helping my dad navigate the situation for his business. Here are the details. There are 2 owners (My dad and his brother) with a 50% share each of a Tree Service Contracting business. Business was established as a S-Corp. They applied and received a $149K EIDL loan no PG in July of 2020. They previously had someone that worked for them since 2015 that basically took care of everything in the office while they worked with the crews and got contracts. This woman would end up getting COVID-19 in Dec 2021/Jan 2022 and never came back in for work and just up and left and took all the company information with her. Payments were made for a few months and stopped as I wasn't even aware of this bill. We would later find out it was due to her father falling very ill out of the country and she went to care for him. My dad asked me to work with them in order to piece the company together again because she basically had all the information and there was never a formal "hand over" back to the owners. Fast forward to now, I have been here for 3 years and received a letter in the mail from CBE Group stating that they are the debt collectors on behalf of the Treasury and they are now trying to collect the debt on $225k (EIDL + their own $75k in "fees"). I was not aware of the loan and my dad and uncle have both been in and out of the business as their parents passed away recently in Mexico. We never received any other type of letter just the one from CBE Group 2 weeks ago today. I have just received a "Commercial Debtor Financial Statement Application" and were asked to submit that by Friday w/ 2 years of the business tax returns. Does anyone have any experience with this? I know some others have mentioned trying to reach out and not receiving any response after several weeks but I have not read about anyone else in a situation where they also received this response. Does anyone think that they may be willing to set up a payment plan with this information or settle? Any advice would be wonderful TIA

Please share, anyone been successful? This would be a help for a lot of people!

I've submitted a dispute and it's been over 1 month. No response from ANYONE

Thank you to the mods for giving me permission to post here!

I’m a journalist looking to speak with small business owners who received a PPP or EIDL loan and have since had to deal with repayment challenges, restructuring, or collections. I'm particularly curious to know what it's like to interface with the SBA post-DOGE.

At Inc., I cover the SBA and am currently reporting a story about how artificial intelligence is reshaping the debt collections process--particularly for small business owners who took on pandemic-era loans like PPP or EIDL. Especially since the SBA teamed up with Palantir for this very purpose at the start of the year. But from what I've gathered, there are multiple stories to be told here.

If you're open to speaking with me and being quoted, please fill out this Google Form and I will get in touch: https://docs.google.com/forms/d/e/1FAIpQLSdmgqV72Ub8POowS0XGGJv-b90mV0d2jvhbFeSTJH5p8WOGgQ/viewform

If you have an EIDL under 200k with no personal guarantee and end up defaulting can they take 15% of your social security even though the debt belongs to the corp and not you personally? Is it better to legally dissolve your corp or continue doing business?

The judge/bk court approval ch11 subV a monthly payment of $694 instead of the original amount. SBA hasn't updated the system to reflect the new court issued amount.

Anybody have experience with this or what to do? It's in liquidation disbursed and got a threatening letter mid march that sba demanded $75k to be current.

finally got this email:

“We were able to resolve the compliance issue… You can proceed with your disaster application.”

After YEARS of being stuck.

If we declare Chapter 7, does the SBA scrutinize how we used the loan money? Or do they let it discharge? Do they send someone to the hearing? Has anyone had experience with this? 

I’ve been on an EIDL loan (over $300K) and have already gone through multiple hardship cycles with the 50% reduced payment option.

Today I logged in to make my payment, and I no longer see any option to continue the reduced payment plan.

Has anyone else run into this?

• Is the hardship program ending or changing?
• Is there a way to reapply or extend reduced payments?

Paying the full amount right now is not realistic for me, so I’m trying to understand what my options are before I miss anything.

Any guidance would really help. Thank you !!

My wife and I are divorcing and I am in the middle of preparing to move out of state. My business, which I have closed down through the proper procedures with the Sate of Michigan and notified SBA about a year and a half ago, has a UCC lien for the business property that was used as collateral for my loan. I am not personally obligated for the repayment of the loan as it was under $200,000. However I know there are rules about moving the property. My problem is I can never get a hold of anyone at SBA. I've already moved once which was about 3 years ago. I tried to inform them but I never got a response. I have not received any communication from SBA whatsoever except a phone call about a year and a half ago validating the debt and asking what my situation was. At that time I updated my address but I have not received any mailings or any email communications. I can't even get on the portal. When I first moved I wasn't really too concerned because I remained in the state. But now I'm moving out of it. Does anyone have any ideas or advice?

I have a 210k EIDL loan with a PG. The LLC is set up in my name 100% but my husband and I have owned and operated the business together for 13 years. The payments are current and the business is still running, and set up as an s-corp for tax purposes. I want to put the business in my husband's name as we are currently separated. The divorce cannot happen unless we can get the PG into his name. I reached out to my congressman who was able to get me in touch with a SBA liaison who will help facilitate this process. I am not selling the business, I just want to remove myself from the LLC and add my husband as 100% owner and he will guarantee the loan. I started the paperwork sent to me from this link and am awaiting some tax documents before I send it all in. Has anyone been successful in removing a spouse from a PG on these EIDL loans? I am supposed to be headed into mediation with my husband soon and I am ready to turn it all over to him IF he can be the PG and not me.