Hosted on MSN

SBA loan forgiveness for PPP, EIDL and 7(a) loans

The United States Small Business Administration (SBA) offers several loan programs to support small businesses, including emergency relief loans and traditional financing options. If you’re looking ...
The Business Journals

The SBA approved millions of loans during Covid. It now sits at the center of a bankruptcy wave.

Small businesses across the country took on debt to stay afloat during the Covid-19 pandemic. It might be hard to get out from under it. Eventually, Andelman pulled the trigger and filed for ...
The Business Journals

Slutty Vegan’s owner couldn’t pay back a $1M Covid-era disaster loan. She isn’t alone.

Mar 18, 2026, 8:15am EDT Updated: Mar 18, 2026, 12:01pm EDT Getty Images (Kameleon007) More than $4 billion in Economic Injury Disaster Loans were charged off in the first six months of 2025. From the ...
JD Supra

The Clean Exit

Here is the situation I see again and again. A business owner took out an SBA COVID EIDL loan to survive the pandemic. The loan was large enough to require a personal guarantee. The business has since ...
AOL

For restaurants Covid-19 was a crisis – pandemic loans are proving a disaster

For almost 20 years, Jai Mazumdar has served vegetarian curries, samosas, gulab jamun and other Indian delicacies at Spice N ...
JD Supra

SBA sends $22B+ in suspected fraudulent COVID-19 era loans to Treasury for collection

On April 24, the SBA announced that it has referred approximately 562,000 suspected fraudulent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loan (EIDL) loans totaling $22.2 ...
South Carolina Public Radio

Economic Injury Disaster Loans available for Walhalla businesses impacted by September fire

The U.S. Small Business Administration approved Gov. Henry McMaster's disaster declaration request that will provide ...