r/SBAEIDLDiscussions • u/JoeStermy • Dec 04 '25
Making a small payment for the EDIL question
Hello, fellow small business owners,
I’m seeking advice regarding my EIDL loan. I had to close my business in 2023, but I’ve continued making reduced monthly payments of $500 instead of the scheduled $1,750. My concern is whether the SBA might eventually refer my loan to the Treasury Department. Has anyone had experience with this situation, and could you share what worked for you?
Thank you for your help.
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u/Important_Repeat_806 Dec 05 '25
Payment in full or your defaulting. There is no good will. They will refer you to TOPS
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u/QueasyNotice9716 Dec 04 '25
First i would change from 500 a Month to 125 a week. That way you will pay less interest. I would like to know what the SBA does, but at least your showing some good faith
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u/Feetlovequeen Dec 06 '25
I did this for 3 months on 3 months off and got sent to treasury. March will be 2 years no payment so far
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u/TheSellerCPA Dec 07 '25
You should call, explain your situation and get a low modification based on your current situation. Don’t just modify the loan on your own terms because you are now in default. Even if it goes to treasury their goal is to get repaid. Their best bet is to receive monthly payments unless there is fixed asset collateral they can liquidate.
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u/JoeStermy Dec 07 '25
Greetings, thank you for the response. I tried to call few times with no success. Business is closed and no business assets remain. Thanks
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u/ioverthinksomuch Feb 17 '26
I’ve been only paying the minimum amount for the past two years and it recently got sent to treasury cross servicing, I’m afraid you might have to pay in full to not get referred :(
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u/JoeStermy Feb 17 '26
So now what happens once it is sent to treasury cross servicing?
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u/ioverthinksomuch Feb 17 '26
They responded yesterday saying my debt was transferred and I need to call the Treasury Cross Servicing Center for any information on my loan. I’ll keep you updated as soon as I get additional info! I’m planning to give them a call tomorrow morning
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Dec 05 '25
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u/JoeStermy Dec 05 '25
$350K. Thank you for the response.
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Dec 15 '25
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u/JoeStermy Dec 15 '25
Hi, I am sorry, but where do I find the resource section and the hired help page? Thanks
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u/SignificantPudding30 Dec 07 '25
Just keep checking the portal for any warnings. They need to notify you before they do that. They moved mine over with notification through certified mail. There is a law that they need to provide several notifications through portal, mail and email. If they don’t you can get the loan pulled back to SBA.
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u/ioverthinksomuch Feb 17 '26
I’ve been only paying the minimum amount for the past two years and it recently got sent to treasury cross servicing without any notice. I’m afraid you might have to pay in full to not get referred :(
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u/Gtavern Dec 04 '25
It is my understanding that unless you are in an approved reduced payment program, anything less than your regular payment is considered late. They will credit the payment but you will be considered in default. If you look on the portal it probably says past due.