u/BusinessProgrammer82

▲ 4 r/EIDL

Sba loan sent to Transworld Systems

had a $42k EIDL loan that was sent to Treasury and then to collections. Now they are asking for around $68k.
Business has been extremely slow for the past 4–5 years, and honestly, I didn’t even know if I was going to stay in business. This summer, things finally started picking up a little for the first time in years. I really don’t want to have to close down and destroy my business over this.
Has anyone had any success getting the loan sent back to the SBA or working something out with Treasury/collections?

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u/BusinessProgrammer82 — 6 days ago