Lawyergist Q&A :

Real questions about Bankruptcy and Debt from people like you. Real answers from licensed attorneys.
Q&A
Asked in San Diego, California | Oct Wed, 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?

Can’t find what you’re looking for?

Post a free question on our public forum.

Ask a Question
- or -

Search for lawyers by reviews and ratings.

Find a Lawyer