r/EIDLPPP

After exhausting letters to the SBA, senators, and running FOIA documentation reviews, I am throwing in the towel and ready to hire professional counsel.

I need a recommendation for a highly experienced commercial bankruptcy attorney or boutique firm based in Los Angeles (Central District of California).

They must have direct experience handling COVID-19 EIDL loans and successfully navigating Subchapter V (Chapter 11) restructurings. My specific goal is to use a personal equity injection to fund a settlement for a $500k loan, contingent on a court-approved release to permanently extinguish my personal guarantee.

If you have successfully used an L.A. lawyer for this exact scenario or know a specialized corporate boutique firm, please drop their names below or DM me. Thank you.

Has anyone received two (2) hardship approvals thru the button in the sba portal? I get folks had previous hardship approvals and then an additional approval through the sba portal button. But I am asking has anyone been approved twice using the portal button. And if yes can you share specifics? When you got the first approval? Second? When did the button show up again after the first Hardship ended?

I never got a SBA 60 day notice and was making recurring payments. The SBA representative claims they sent a letter in the mail...but it's not found on the portal. All other letters Demand of Acceleration payment and statements are to be found but not this letter they claim that was mailed.

Just got done with my 341 meeting today.
No one showed up from SBA or any other.
Was asked yes or no questions only.
Trustee didn’t even ask one question about my Covid EIDL loan.

Took about 20 mins because people were ahead of me. It took 3 mins for my turn.

I had total $293 K debt with credit cards, personal loans and SBA Covid EIDL as sole proprietor loan.

After yes or no questions trustee said I am excused and I can leave the meeting. No other information needed.

Hopefully that’s it now so I can start rebuilding. Only regret is why I didn’t do this earlier.

Applied for capital one quicksilver credit card unsecured and got approved for $4000. Also got approved for mission lane for $2000 unsecured. I already had discover secured card for $400.
I think good enough to start rebuilding for now.

Let me know if you guys have any questions. I am in SoCal.

Wondering about these UCC liens, especially for those of us who are trying to stay in business and pay something monthly to the treasury. Will they start to enforce these liens and start taking business assets including buildings? Also, would treasury ever release UCC lien to sell building asset to payoff debt?

I and two partners took an EIDL loan for $115,000. It's an llc, no guarantees. Business is closed. I'm still paying but I think I'll stop. What do people think? I'm over 70. Thank you

Recently, I mailed a check to Wells Fargo PO Box in Minneapolis due to the fact they closed banks in Rochester NY.

I paid for overnight delivery with a signature requested. I mailed it 5/11/2026 it didnt arrive until 5/14/2026 it shows someone supposedly from Wells Fargo retrieved the delivery at 8:33 AM the same morning. Still not deposited in to my account. I call Wells Fargo customer service their response wait 10 someone will do an investigation and get back to you! I have the persons name that signed and no one from Wells Fargo can look to see if he is really an employee???

Anyone have any ideas what else I can do?

With my EIDL loan I made a larger than normal payment in February and most of it was applied to "interest" that I didn't know about and am suspicious about as I have been making payments that cover interest thought the years. I messaged SBA through the portal about it and also about getting a document showing all my payments and any accrued interest over the lifetime of the loan but keep getting canned AI responses that don't answer any of my questions. How can I get a document showing all payments and interest? Is calling better than messaging through the portal? Do you actually talk with a helpful person if you call?

He said COVID "destroyed small businesses".

Hey, at least someone said it. Trump's SBA is still going to give it to us all good and hard, but Rand Paul acknowledging it is just as good as loan forgiveness. Right? Right?

I closed my business back in 2024 and notified the SBA as such. No PG, $130k loan taken out by S-Corp. For a while I was in contact with an SBA agent and provided everything they asked for. Final return, bank statements, inventory list, etc. All communications stopped once Trump took office. I emailed and called a bunch of times for several months after that and then just gave up.

Today I received a letter addressed to the corporate name from a collection agency looking for approximately $182k for the balance due plus penalties and interest.

Has anyone successfully dealt with a collection agency with similar circumstances? Not looking to hear what "should" or "could" happen from people who have not gone through this yet. I know legally how it should play out but looking to hear any real experiences.

We have a substantial, EDIL loan with a personal guarantee and UCC 1 lien. We are ready to sell our business and we have a buyer. Proceeds would pay the loan off, but I can’t get a hold of anyone at the SBA to figure out how to proceed. The SBA says we’ve been turned over to treasury but the last notice we got said we had 60 days before being turned over to treasury so it seems that was premature. Any suggestions on how to move forward? We obviously need to have collateral released so we can move forward with the sale.

Family has a disaster loan roughly around $79k. No personal guarantee except the verbiage states something along the lines of whoever signs is liable (my aunt is the owner and signed) but the partnership is the borrower.

With the business closing, how should we approach SBA? We don't have the capability to make any more payments as the business never recovered back to normal levels after COVID. Do we just let it default? Or reach out to SBA for paperwork? Bankruptcy? Not much in assets except a few thousand in account and some desk/pedicure chairs.

If you were in a familiar situation or have any guidance, that would be appreciated!

Has anyone’s bank account got levy after your default account got sent to the treasury with a personal guarantee

Hello everyone! I have been closely following and reading all of the posts in order to manage this EIDL payback situation as I am helping my dad navigate the situation for his business. Here are the details. There are 2 owners (My dad and his brother) with a 50% share each of a Tree Service Contracting business. Business was established as a S-Corp. They applied and received a $149K EIDL loan no PG in July of 2020. They previously had someone that worked for them since 2015 that basically took care of everything in the office while they worked with the crews and got contracts. This woman would end up getting COVID-19 in Dec 2021/Jan 2022 and never came back in for work and just up and left and took all the company information with her. Payments were made for a few months and stopped as I wasn't even aware of this bill. We would later find out it was due to her father falling very ill out of the country and she went to care for him. My dad asked me to work with them in order to piece the company together again because she basically had all the information and there was never a formal "hand over" back to the owners. Fast forward to now, I have been here for 3 years and received a letter in the mail from CBE Group stating that they are the debt collectors on behalf of the Treasury and they are now trying to collect the debt on $225k (EIDL + their own $75k in "fees"). I was not aware of the loan and my dad and uncle have both been in and out of the business as their parents passed away recently in Mexico. We never received any other type of letter just the one from CBE Group 2 weeks ago today. I have just received a "Commercial Debtor Financial Statement Application" and were asked to submit that by Friday w/ 2 years of the business tax returns. Does anyone have any experience with this? I know some others have mentioned trying to reach out and not receiving any response after several weeks but I have not read about anyone else in a situation where they also received this response. Does anyone think that they may be willing to set up a payment plan with this information or settle? Any advice would be wonderful TIA