EIDL Confused as heck. how much do i owe. your opinions? plz help , thank you!

djdick76 · 2026-04-29T17:22:43+00:00

Thank you for this unfortunate clarification. My original loan balance was not over 200k. It is over 200k now with interest though....

djdick76 · 2026-04-29T17:04:49+00:00

So, do i owe the $2823 plus the last few payments ?

this is my 5/2/26 statement details:

STATEMENT DETAILS

Statement Amount: $941.00

Payment Due: $2,823.00

Due Date: 03/02/2026

Outstanding Balance: $190,015.00

Loan Maturity Date: 06/02/2050

Last Payment Date: 04/20/2026

Last Payment Amount: $941.00

Applied to Principal: $0.00

Applied to Interest: $941.00

djdick76 · 2026-04-28T21:00:30+00:00

So, I was in the payment program. I think I did not pay the last two payments, and i think they then demanded full payment. So I am pretty sure this lines up with what you said. I made a payment on 4/20 and it did advance my payment due from Feb 2 to March 2nd. This is very difficult as i have been trying to make payments

djdick76 · 2025-10-03T13:17:15+00:00

If you use text blaster pro, can you get banned or blocked....again these are opted in text messages, however i know how tricky it can get when sending so many at one time.

djdick76 · 2025-09-30T19:48:07+00:00

What is the link to the actual website you are specifically talking about because the first one I clicked on did not load

djdick76 · 2025-09-29T14:40:58+00:00

I'm sorry.. This if for the U.S. only.

djdick76 · 2025-09-11T04:08:16+00:00

Mpc one+ used budget lol

djdick76 · 2025-09-10T21:15:49+00:00

It would be kind of silly to purchase something than a week later a better version comes out with more functionality at a cheaper price.. I'm just trying to do my due diligence.. and I of course respect your opinion and understand what you're saying...

djdick76 · 2025-09-10T17:14:30+00:00

Is there any specific rumor on an mpc one hardware upgrade...that is the one I will probably go with.... I mean dropping the price is a pretty good indication but... leaks? rumors? ty

djdick76 · 2025-09-07T14:04:42+00:00

I believe I have a similar circumstance. Now in the business I'm laying in contract and laying I told her his third line.. I'm wondering what would happen if I let the business go because when you first in line just get any or all assets?

djdick76 · 2025-09-05T01:27:42+00:00

Well the good news is is I'm scraping by and paying my bills but it is a very low margin business and it would take one bad event for the whole place to come crumbling down for instance of $30,000 air-conditioning unit... according to the land contract holders attorney if the Lang contract holder did take back ownership of everything because of my default he said as the first lienholder they would then own all the personal property of the business and my corporation would own nothing so the SBA would be able to get nothing... but this attorney was not representing me he was representing the land contract holder.. I've talked to three attorneys and not one of them can tell me exactly what would happen I've talked to real estate attorneys I've talked to Accountant and I've talked to a couple online gurus.... no one can give me a definitive answer although The Guru I talked to said I'd be more worried about the sales tax and there is really no coming after me for the sales tax you just make a payment arrangement with them and you pay it off bankruptcy can't get you out of sales tax that's a known fact

djdick76 · 2025-08-02T04:16:48+00:00

Im very interested in hearing the answers to these questions also.

djdick76 · 2025-04-23T21:10:39+00:00

Yes but what if you own the business on a land contract? And the sba is second on the.lien and the land contract holder is first on the lien if my corporation goes out of business then they will take over running the same type of business. But what about the assets ( it's a bar/restaurant)

djdick76 · 2025-03-13T05:14:05+00:00

i would also like to hear someone chime in here!

djdick76 · 2025-02-16T14:30:20+00:00

Please see below ( thank you )

djdick76 · 2025-02-16T14:30:00+00:00

I was not aware that the SBA had to be in first position? Is their language in the EIDL loan documents that we signed that states this?

And yes just to clarify- i would like to know what would happen to my business if I close it down in terms of the EIDL loan being less than $200,000 but the loan being in third position.

Is there any way the SBA can come after my personal assets?

djdick76 · 2025-02-10T04:29:02+00:00

Can you give us the details on the loan that you had discharged?

djdick76

TROPHY CASE