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Episode 160: SBA EIDL loans are a mess!
6 months ago
31
This episode looks at the current state of SBA’s EIDL loans. The amount of charge offs for EIDL loans exploded to $52 billion in 2023. The SBA has stated that about 1.3 million EIDL loans are either past due, delinquent, in liquidation, or charged off. The SBA made a total of 4.1 million EIDL loans over a 3-year period. The SBA now finds itself in a new position as the main creditor of these loans.
Link: SBA Covid EIDL loans in focus in new bankruptcy wave - Philadelphia Business Journal (bizjournals.com)
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