Are there other small businesses out there struggling with SBA EIDL debt?
During COVID, many of us took these loans just to keep our doors open and employees paid. Now, years later, the recovery hasn’t been equal — but the payments are still there.
Nearly 4 million small businesses received about $380 billion in EIDL loans, and hundreds of billions remain outstanding. For many businesses still rebuilding, the debt has become a long-term burden.
Our small company is feeling it too.
We’re trying to raise awareness with elected officials about the need for EIDL reform — including options for forgiveness, reduction, or restructuring for small businesses that are still recovering.
If your business is dealing with this:
• Are the payments creating hardship?
• Have you had any success working with the SBA?
• Would you be willing to share your story to help build awareness?
The more real stories policymakers hear from Main Street, the harder this issue will be to ignore.
Fill out the form below or email me at [email protected] to be a part of an awareness effort.