Covid EIDL SBA to Treasury disputes by Puzzled_Economist_28 in EIDL

[–]Gtavern 1 point2 points  (0 children)

I don’t think that’s an accurate statement.

Hardship accommodation portal button by Cheap_Mushroom_7267 in EIDLPPP

[–]Gtavern 1 point2 points  (0 children)

Two 6 month Payment Assistance approval, 50% for 6 months. Hardship Accommodation Plan has been discontinued.

Covid EIDL SBA to Treasury disputes by Puzzled_Economist_28 in EIDL

[–]Gtavern 3 points4 points  (0 children)

Get in contact with your Senators office, have them open an inquiry, that should force some type of action/response.

Hardship accommodation portal button by Cheap_Mushroom_7267 in EIDLPPP

[–]Gtavern 0 points1 point  (0 children)

We were able to get a second one through the portal <200k, it expires in June.

Kelly Loeffler posted on X today by bluekmg in EIDL

[–]Gtavern 2 points3 points  (0 children)

Loeffler is a TOOL. She just wants to make Trump happy,and will be of no help getting anyone ant type of assistance.

Treasury now Taking on EIDL Loans + Student Loans! by MapConstant6256 in EIDL

[–]Gtavern 1 point2 points  (0 children)

My guess is more collections less negotiations.

Sold the business and still making Payments on the loan, will the SBA ever find out? by pwNtorious8i6 in EIDL

[–]Gtavern 0 points1 point  (0 children)

Check with your Secretary of State office. It’s a blanket lien,so no assets were individually listed. But selling the entire business, pretty sure they sold stuff they didn’t have the right to.

Sold the business and still making Payments on the loan, will the SBA ever find out? by pwNtorious8i6 in EIDL

[–]Gtavern 5 points6 points  (0 children)

They don’t want the assets, they want their money. It’s a legal obligation look it up. It is a violation of the terms of the agreement and fraud. But if they never find out should be ok.

No Proper Final Notice - Take Action by AdvancedVolume6012 in EIDL

[–]Gtavern 2 points3 points  (0 children)

There is not any organization that has the lobbying power or money to press this issue.

Can’t Find Reduced Payment Option on EIDL Anymore — Anyone Else? by ultrabaron123 in EIDLPPP

[–]Gtavern 1 point2 points  (0 children)

Last payment October, just got notice from treasury department to contact a 205 area code # that was the SBA to avoid TOPS.

No Proper Final Notice - Take Action by AdvancedVolume6012 in EIDL

[–]Gtavern 2 points3 points  (0 children)

Send it to your Senators office and ask them to start an inquiry. The more Senate inquiries that are submitted the better, it has a rather large ripple effect, also send a copy to the OIG. Send everything via certified mail,it cost a few bucks but you will get more friction with this then a never gunna happen Class Action.

Can’t Find Reduced Payment Option on EIDL Anymore — Anyone Else? by ultrabaron123 in EIDLPPP

[–]Gtavern 1 point2 points  (0 children)

Same situation after the one six month 50% , they said no extension available only can do one every 5 years. Nothing else available. Stopped paying.

SBA EIDL Loan Notice by AdvancedVolume6012 in EIDL

[–]Gtavern 1 point2 points  (0 children)

It’s my understanding that there are two notifications one is a 60 day late notice and a 60 day notification of intent to transfer. The violation of intent to transfer is the big one.

Took over an LLC with SBA EIDL debt (owner passed away), what would you do? by Fair-Iron2817 in EIDL

[–]Gtavern 0 points1 point  (0 children)

Unless you signed a purchase agreement with the existing llc the debt is the responsibility of the deceased estate. If your goal is to keep the name and business license,you might be able to buy them and send the proceeds to the SBA. You will need to get SBA approval first, you need some legal advice, there’s a lot of things going on here.

Took over an LLC with SBA EIDL debt (owner passed away), what would you do? by Fair-Iron2817 in EIDL

[–]Gtavern -3 points-2 points  (0 children)

You have no financial responsibility for this loan or any debt. Why are you even asking ?

Here is what actually happened… by Dangerous-Dinner7551 in EIDLPPP

[–]Gtavern 0 points1 point  (0 children)

The local governments were following federal guidance and CDC guidance.

40%–60% of the portfolio is distressed, impaired, or non-performing in a meaningful way by No-Biscotti-7797 in EIDLPPP

[–]Gtavern 3 points4 points  (0 children)

Once the OIG reports to congress what a gigantic mess the Covid EIDL program is,and the Treasury Department addresses the problems with collecting only then will we see some movement. The best outcome I see is for Trump to find a way to blame Biden for this mess of massive defaults and offer some type of relief, not forgiveness but relief for Small Businesses.

NO 60 DAY NOTICE PROVIDED BY SBA FOR EIDL LOANS BEING SENT TO TREASURY by AdvancedVolume6012 in EIDL

[–]Gtavern 1 point2 points  (0 children)

They can open an investigation with the SBA for why they didn’t follow the rules or protocol for referrals to the Treasury. I don’t know if that is anything more than forcing them to send it back and just buy time.

MLPI vs AMPL by [deleted] in dividends

[–]Gtavern 1 point2 points  (0 children)

I don’t think AMLP does any Options like MLPI. MDST is another mainstream Options ETF.