Unfounded Fears Surrounding EIDL Collection

About this episode

This episode discusses the stress surrounding EIDL loan collections and offers strategic solutions for protecting personal assets.

When COVID hit, EIDL loans provided a lifeline for countless small businesses. But now that those loans are coming due—often after a business has already folded—the looming threat of EIDL collection is causing massive stress. If you're receiving those nagging monthly statements, terrifying letters from the Treasury Department, or simply lying awake wondering what the SBA is going to do next, you need to hear this. In this essential episode, attorney Barry Levine joins us to reveal the SBA's actual (and often surprisingly sluggish) collection pattern, what happens when your business goes defunct, and most importantly, the strategic solutions available to protect your personal assets and finally put an end to the anxiety. Don't panic—get prepared.   Love the show?  Subscribe, rate, review, and share! http://getfundablepodcast.com

People in this episode

Guest: Barry Levine

Topics covered

• EIDL loans
• small business
• SBA collection
• personal asset protection

Keywords

• COVID
• business defunct
• anxiety
• collection pattern

Mentioned in this episode

Products: EIDL loans

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