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02-06-2023, 03:16 PM #4Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,270
Complete con...you can't forgive an EIDL loan. Only the PPP offered that. You can report the fraud to the SBA though. Call them.
You can call the SBA and ask for loan payment reduction due to financial stress with the payments. Go into the payment system and get a 6 months payment reduction for 10% of the monthly payment.
Keep in mind I hear from brokers all the time who charge merchants up front fees as a secure funding charge or somesuch nonsense.Last edited by Olderguy; 02-06-2023 at 07:27 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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