Distressed Loan Advisors

Specializing in SBA workouts, offer in compromise, and EIDL forgiveness advice. Visit for free resources.

[Distressed Loan Advisors @EIDLadvice]

For updates on EIDL, please follow me on YouTube:

https://t.co/xlTaNgimq7

[Distressed Loan Advisors @EIDLadvice]

It looks like the SBA is reaching out to people about pulling EIDL loans back from Treasury in some circumstances.

https://t.co/Fpyf0PKybL

[Distressed Loan Advisors @EIDLadvice]

Will the SBA offer forgiveness or offer in compromise for EIDL loans in 2024?

https://t.co/v3Apwa6kBV

#sba #eidl #sbaeidl #oic #oic4eidl

[Distressed Loan Advisors @EIDLadvice]

Today's video: Why does my SBA EIDL loan balance not decrease even though I'm making payments?

https://t.co/uAg6hphB8q

#sba #eidl #sbaeidl

[Distressed Loan Advisors @EIDLadvice]

Do I need an SBA attorney when my SBA EIDL loan gets referred to Treasury?

https://t.co/v9E5y4QfRP

[Distressed Loan Advisors @EIDLadvice]

Today I was featured in the Wall Street Journal (paywall), NY Post, and United Business Journal about what a terrible job SBA is doing on EIDL loan servicing.

https://t.co/sboBAWkhM6

https://t.co/qR7L37UCXO

[Distressed Loan Advisors @EIDLadvice]

Follow up on recent changes to SBA EIDL hardship accommodations

https://t.co/dyVYtHUrj7

[Distressed Loan Advisors @EIDLadvice]

Important updates on EIDL hardship accommodation and Treasury recalls

https://t.co/cvgNbqTT3K

[Distressed Loan Advisors @EIDLadvice]

@duathman The SBA is letting borrowers who are in default on loans $100,000 or less until March 3rd to bring it current. Otherwise you're on the risk of it being referred to the treasury.

[Distressed Loan Advisors @EIDLadvice]

YouTube video for those wondering about EIDL loans, charge offs, and the treasury.

https://t.co/ER1TvUH3Jn

#sba #eidl

[Distressed Loan Advisors @EIDLadvice]

@Vikpandey01 What happens if I dissolve my business in 2024, and the 1099c comes in a later year?

You mentioned the income would then pass through to partners/ members/ shareholders. How is that distributed? Based on ownership %?

[Distressed Loan Advisors @EIDLadvice]

Question for my accountant friends. What happens if a legal entity like an LLC or s Corp is dissolved, and then gets a 1099 (after the dissolution) from debt forgiveness? #TaxTwitter

[Distressed Loan Advisors @EIDLadvice]

The SBA released it's chargeoff figures for EIDL loans thru September 2023. It ain't good.

https://t.co/b2LFvneYTp

[Distressed Loan Advisors @EIDLadvice]

@CoreCarriers I'm not familiar with that. But if it happened to you, shoot me an email at [email protected] and include your contact info and I'll pass it along.

[Distressed Loan Advisors @EIDLadvice]

I reached out to a journalist at a major US newspaper to let them know that the SBA is really screwing people on EIDL loan servicing.

The reporter called me today and would like to write the story.

If anyone has a story of how the SBA either gave you bad information (like telling you that you're non-personally guaranteed loan was personally guaranteed, or telling you to make a payment to bring a current, only to have it end up at the Treasury) or screwed something else up, and you would like to share it with the reporter, please reach out and I'll connect you.

[Distressed Loan Advisors @EIDLadvice]

@AnimationsDet They can't force you to pay at a personal assets if you didn't personally guarantee it. Happy to explain if you want to schedule some time. https://t.co/FRE1lW33JY

[Distressed Loan Advisors @EIDLadvice]

@Janie94345198 Please have them email me at [email protected] and include their contact info. I'll pass along to the reporter.

[Distressed Loan Advisors @EIDLadvice]

@indianaboognish Please email me at [email protected] and include your contact info.

[Distressed Loan Advisors @EIDLadvice]

@CBarrett_CPA Reminds me of all the people who say they have a really good CPA because they're willing to expense their vacation and their dogs vet visits.

[Distressed Loan Advisors @EIDLadvice]

I've got 4 words for anyone who's had their EIDL loan charged off or sent to the Treasury, and wants to bring it current.

Get. It. In. Writing.

https://t.co/W0N3Octyh8

[Distressed Loan Advisors @EIDLadvice]

@BokiGelato A lot of people are in the same situation as you. At this point, I'm not aware of anyone who's been able to successfully have the loan returned to the SBA for servicing.

[Distressed Loan Advisors @EIDLadvice]

Once an SBA EIDL gets referred to the treasury, the options they give you are not really options.

Plug me on this Reddit sub (https://t.co/bnFSQewxQ5) and get $25 off thru end of Feb 2024.

https://t.co/1Tu7HJh4QA

#eidl #sba #sbaeidl #7a #sba7a #sbaoic #offerincompromise #sbaofferincompromise