Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 590048 times)

Online cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4980 on: May 22, 2024, 10:50:35 PM »
Some things are almost automatic on SBA borrower portal. Reducing my minimum monthly payment to 10% of regular payment for 6 months at the low interest rate of the EIDL loan is a no brainer.
You can extend that 6 month reduction several times if needed.

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4981 on: May 30, 2024, 11:41:37 AM »
Some things are almost automatic on SBA borrower portal. Reducing my minimum monthly payment to 10% of regular payment for 6 months at the low interest rate of the EIDL loan is a no brainer.
Is this even for loans above 200k?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4982 on: May 30, 2024, 11:42:28 AM »
Is this even for loans above 200k?
Yes but the application process is more complicated.

Offline Yef

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4983 on: May 30, 2024, 11:55:38 AM »
Do I have to show hardship

Offline satturn

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4984 on: June 06, 2024, 04:59:54 AM »
i see ads for SBA loan removal. what is that process?

Offline 12HRS

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4985 on: June 17, 2024, 07:51:24 PM »
https://freedombm.com/
Frum guys. No experience or affiliation with them.
(I see them posting on Linkedin all the time)

Used him for an acquisition loan, Highly recommended.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4986 on: June 17, 2024, 09:46:35 PM »
Is this even for loans above 200k?
just got approved.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4987 on: June 17, 2024, 10:31:55 PM »
just got approved.

My loan modification button is greyed out. Where can I do it?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #4988 on: June 17, 2024, 10:37:55 PM »
My loan modification button is greyed out. Where can I do it?
You need to message them

If your loan amount exceeds $200,000: 
 
  • First-time enrollment and renewals: Please contact COVID-19 EIDL customer service (include Hardship Accommodation Plan in the email subject line) or send a message through the MySBA Loan Portal. You will be contacted by a loan specialist regarding requirements.
Feelings don't care about your facts