AmiSight 3/26: EIDL Loans Are Quietly Moving Into Collections
- Ami Kassar
- 1 day ago
- 1 min read
A business owner called me last week, believing he was resolving his Economic Injury Disaster Loan. He wasn’t. It was already in collections—he just didn’t know. It’s a situation that is becoming more common than you might suspect.
When business owners fall behind on their EIDL loans, they sometimes assume they’ll figure something out with the Small Business Administration—maybe buy some time, maybe work out a plan. And then one day, they’re no longer dealing with the SBA. They’re in collections. Head over to my 21Hats column to continue reading.
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