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SBA Loan Forgiveness for PPP, EIDL and 7(a) Loans

Learn which SBA loans qualify for forgiveness in 2025. Only PPP loans offer full forgiveness, while EIDL loans must be repaid ...
The Business Journals

SBA faces a billion-dollar EIDL collateral problem. It's asking companies in bankruptcy to aid the effort.

The agency is left with few options when it comes to selling collateral tied to a popular Covid-19 relief program. Here's where it's turning for help. The U.S. Small Business Administration needs help ...
Arkansas Democrat-Gazette

Small business owners stuck with debt from covid loans

NEW YORK -- In 2020 and 2021, covid-19 Economic Injury Disaster Loans were a lifeline for small businesses. But now some small businesses are having trouble paying them off. And a Small Business ...
Inc

The SBA Will Keep Its Covid Loan Portfolio to Avoid Taking a $120 Billion Haircut

After years of deliberation, the Small Business Administration has decided that it will not sell one of its pandemic-era loan portfolios–one that has an estimated default rate in the double-digits. It ...
Oregonian

Federal disaster loans saved businesses during the pandemic. Now survivors are saddled with debt

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses. But now some small businesses are having trouble paying them off. And a Small Business Credit Survey ...
KUTV

COVID-19 government disaster loans saved businesses, but saddled survivors with debt

NEW YORK (AP) — In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses. But now some small businesses are having trouble paying them off. And a Small Business ...
American Banker

SBA rejects plan to sell some pandemic-era loans

Rep. Roger Williams, chairman of the House Small Business Committee, has been critical of the Small Business Administration's handling of the EIDL portfolio. Nearly three years after a consultant ...