Managing your EIDL Loan
What you don’t know can hurt you! Four million small businesses received COVID-19 EIDL funding, and many will start making loan payments in October 2022. But key questions remain:
- What happens when a business owner dies?
- What if you need to sell collateral?
- How do you handle new business owners?
- What if you default?
We want to answer these questions and more, as well as share best practices for managing your EIDL loan.