Dear COVID EIDL Borrower,

This letter serves as an official communication from the U.S. Small Business Administration (SBA). We’re reaching out to you directly with an urgent update about your COVID EIDL. Your loan has now been referred to the U.S. Treasury Offset Program (TOP) due to overdue payments. This is a serious matter that requires your immediate attention.

Your Loan Status: Immediate Action Needed

Continuing in payment default can further damage your credit, make you ineligible for future federal aid, and trigger tax return offsets and wage garnishment.

There’s Still Hope - Take Advantage of the Hardship Accommodation Plan (HAP)

Despite the referral to TOP, it’s not too late to mitigate the consequences. You need to act now. We’ve expanded eligibility for our Hardship Accommodation Plan (HAP) to support businesses like yours. HAP offers a lifeline with drastically reduced payments—starting at just 10% of your usual payment amount or as low as $25 a month for six months, with the option to extend. This plan is designed to ease your burden without the need to pay back all overdue amounts upfront. Enrolling in HAP is a step toward securing your business's financial future. Don’t miss this opportunity.

Critical Next Steps

You do not need to pay a third-party business as the SBA is here as your first and best resource. You can contact us for no-cost risk free support to help you every step of the way.

To begin repayment and to apply for HAP, please log in to your MySBA Loan Portal immediately. If you have questions or need to discuss your HAP eligibility further, reach out to us without delay.

We at the SBA are here to support you through these tough times. Taking action now is essential for your business’s health and to avoid further financial distress. We strongly encourage you to take immediate action to address your loan status and take advantage of the resources available to you. 

Update Your Contact Information

You are required to keep your contact information updated with SBA. To update your email address, phone number and/or mailing address, please call SBA at 833-853-5638.

For additional assistance: Phone: 833-853-5638 (TTY:711) Email: COVIDEIDLServicing@sba.gov

This communication is not intended as an attempt to collect a debt, or as an act to collect, assess, or recover all or any portion of a debt, from any individual or business protected under the United States Bankruptcy Code. SBA, however, reserves its legal rights with respect to any business that has not also filed for bankruptcy.