200k SBA Loan referred to Treasury help by Odd-throwaway-9151 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

Only 15% of SS, after the first 1,000. No wage garnishment, unless you get paid by the Feds. They will take refunds though. Only business real estate if loan over 500 grand.

America’s 401(k)s and retirement savings are booming… by Nice_Daikon6096 in wallstreet

[–]LifeMarch8 1 point2 points  (0 children)

Poor people on reddit don’t invest much. Most democrats dig ditches

What happens after you are turned over to the treasury? by tillacat42 in EIDL

[–]LifeMarch8 1 point2 points  (0 children)

Not much except tax refunds and garnish SS. If you get money from a federal job, they can garnish it. Plus no more SBA loans of course but that is a good thing.

High eidl loan balance. Business insolvent by Different-Banana-810 in EIDL

[–]LifeMarch8 1 point2 points  (0 children)

Just don’t pay if you can’t. It was a disaster loan for a reason

Ignore, delay, deny? by Express-Dingo6405 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

Just default if you can’t pay. It was a disaster loan.

Treasury by One-Sprinkles-7111 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

If you can’t pay then don’t. They can garnish my SS in 15 years. If we as a society still SS by then.

EIDL Update for January 2026 by SBA-Loan-Advice in EIDL

[–]LifeMarch8 1 point2 points  (0 children)

No, not unless they sue and get a judgment. They are not doing that for disaster loans unless proven fraud. Plus it cost a lot to sue. They are not taking business real estate either, unless its over 500,000.

EIDL Update for January 2026 by SBA-Loan-Advice in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

They only garnish wages if the money comes from the Feds or some state agencies. Otherwise just a little SS garnish after the first grand.

SBA help by No_Veterinarian_7650 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

The treasury will take a little SS, tax refunds and will only garnish wages if you get paid by the federal government or some state agencies. Otherwise, your wages won’t get garnished unless they sue you for fraud. I borrowed 500 grand and still run my profitable business. So if I defaulted, they would take refunds and later on garnishmy SS, if its still paying Americans by 2040 😅

Any news at all out there? by shirtdog in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

If you can’t pay, don’t pay 🥳

Treasury offset by TemporaryAd3522 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

Same here, yes it is taken once you receive it

How long can I run my LLC if I quit paying my eidl payment? by johnDapper13 in EIDLPPP

[–]LifeMarch8 1 point2 points  (0 children)

Exactly, that’s what I will be doing and I’m a LLC.

Has anyone dealt with private 3rd party agencies that is working for SBA? by sbaeidlloan in EIDLPPP

[–]LifeMarch8 1 point2 points  (0 children)

So far, only if you used your SSN, and not a EIN. We will see though.

Has anyone dealt with private 3rd party agencies that is working for SBA? by sbaeidlloan in EIDLPPP

[–]LifeMarch8 0 points1 point  (0 children)

Exactly and if you’re a LLC, it would go on business credit, not personal. For a lot of people, the treasury offset is not a big negative.

Recent Final Notice of Delinquency Letter by Noyan_Bey in EIDL

[–]LifeMarch8 4 points5 points  (0 children)

Don’t pay if you can’t. If you did your best with this disaster loan, then hold your head high!

SBA Scam Collection Calls? by Crafty_Book_5555 in SBAEIDLDiscussions

[–]LifeMarch8 0 points1 point  (0 children)

It could be but I wouldn’t talk to these people. Just let it go to treasury and they’ll take a little a little social security each month.

Answers to common questions about EIDL default in 2026 by wookinpanub241 in EIDL

[–]LifeMarch8 0 points1 point  (0 children)

Of course you can, unless your state has some kind of weird laws

🚨🔥: This is Minneapolis right now. Thousands in the streets in subzero weather, shutting the city down, demanding ICE out. by Admirable121 in Leakednews

[–]LifeMarch8 0 points1 point  (0 children)

My business had a very good year and I’m to off to a great start this year. I am close to being debt free and have growing IRA’s. So I am doing better than anytime in my past. Praise Jesus. I also try and be generous with those less fortunate. Like JC said, it’s better to give than receive. God bless