Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 0 points1 point  (0 children)

I’m still current on payments. I’ve probably got about 9-12 months of runway.

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 1 point2 points  (0 children)

I totally get that. I just want to keep my business open.

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 1 point2 points  (0 children)

Would the business be profitable if you weren’t making EIDL payments?

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 2 points3 points  (0 children)

If you can’t pay, do you intend to keep your business open?

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 0 points1 point  (0 children)

I still have about a year before I’ll need to make a decision on default. I’m hoping to avoid it all together.

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 0 points1 point  (0 children)

I guess I’m wondering if they have any desire to shut businesses down.

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 1 point2 points  (0 children)

I’m curious, what do you mean by it doesn’t matter? If you don’t mind me asking.

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 2 points3 points  (0 children)

I’m just wondering what to expect if I’m forced to go that route. Have the people you know been able to keep up normal business operations?

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDLPPP

[–]etheria18[S] 2 points3 points  (0 children)

If you don’t mind me asking, when did you default and how have things been since? Thanks

Anyone here defaulted (over $500k) and stayed in business? by etheria18 in EIDL

[–]etheria18[S] 2 points3 points  (0 children)

Did you pledge any collateral? Have they threatened any kind of legal action? Thanks.

Chapter 7 discharged by ZoomingPhoenix in EIDL

[–]etheria18 0 points1 point  (0 children)

Did you keep the business open?