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Asked in San Diego, California | Oct 2024

Is it possible to get loan forgiveness for an SBA EIDL if my business has been shut down for more than two years?
I applied for $67500 SBA EIDL loan for my business which is still shut from over two years. Since I was involved in an accident, I have been using credit cards, and at the moment I have no resources. Can this loan be paid without using the option of default or bankruptcy?

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