u/Lucita_Bonita

I received a Final Notice of Delinquency for my $375k EIDL loan today and am now 90 days past due.

The letter says I must immediately remit the full balance owed, or call the SBA Customer Service Center about repayment within 15 days from the date of this letter or the loan may be accelerated and referred to collections and the Treasury.

There's no way I can pay the entire past due amount in 15 days. If I make ONE payment and get back to under 90 days past due, will I be safe? I'm trying to buy some time to get caught up.

Appreciate any and all help.

I am coming up on 90 days past due on a $375k loan with a personal guarantee. Already did one round of payment assistance at 50%.

At what point do loans get sent to Treasury? Things are picking up in my business and I can make a payment soon, just not sure I can before the next due date. I want to try to pay this off without declaring bankruptcy.

Should I do whatever it takes to avoid going 90 days past due or is 120 days the cut off?

Any help would be greatly appreciated!!