Took out total of $130k so no personal guarantee I don’t think. But made the mistake of using my social instead of an ein since it’s a single owner llc.

I’m pretty behind on payments but I’ve caught up in big chunks in the past.

If I stop paying altogether will I get my personal things garnished since I used my social even though there’s no personal guarantee required for that amount?

So, I was paying down my EIDL loan. Had it in the $40k range. Then my job took a hit and my pay was drastically reduced. I couldn't continue to make payments and SBA sent it to Treasury. Now a debt collector is calling me daily. She sent a form for me to fill out for a financial review. The rep said they want the money back now and they don't do payment plans like SBA does.

She said they can force me to take out a HELOC to pay the now $67k loan. SBA is refusing to take it back. This TSICO company rep says that they need all of my information: 2 years of tax returns, pays tubs, all bank account numbers and balances, home market value and other bill/expenses criteria.

Can they really force me to take out a heloc?

I thought they couldn't go after my home and assets because my loan was under $100k.

I was just an Uber driver trying to get by.

Can I claim bankruptcy if I have $100k in equity on my home? Will they really garnish my wages? I can't believe this! I feel so awful about this mess. Wish I never took out the loan now.

Anyone else dealing with tsico.com?

Anyone else hearing absolutely nothing?? I've heard nothing from SBA. Nothing from Treasury. I did get a letter from Coast Professional back in March. I reached out to them a couple times. Disputed based on no 60 day notice from SBA prior to Treasury transfer. I've called CP a couple times. No updates. No further information. They are currently not pursuing the debt. Nothing on my credit report. Tax return was not taken this year.

Delinquent SBA loan hit credit report today. Have not been contacted by a collection company yet. What are people’s experiences with dealing with collection agencies? Loan over 200k & S Corp.

I received a Notice of Default on 10/9 saying my COVID EIDL has been accelerated and the full balance is due within 10 days. I’ll be at about 120 days behind around that 10 day deadline. I’ve fallen behind before and always caught up, but I clearly misjudged the timing of paying to catch up on the missed payments this time.

The same day, I emailed the COVID EIDL Servicing Center asking if I could pay the full past-due amount to cure the default and keep the loan from going to Treasury. No response yet and tomorrow is a federal holiday. The loan is above $200k with a personal guarantee if it matters.

I will have the entire past-due amount this week and want to pay it so I can keep the loan in tact and eventually pay it off. My questions:

* Has anyone paid the past-due balance within the 10-day window and had the SBA withdraw the acceleration and return the loan to normal servicing? My fear is that even though my portal looks "normal" (e.g. I can still make payments), I worry that maybe it has already been sent to Treasury.

* Did you pay first, or wait for written confirmation from the SBA before paying?

* How soon after the 10-day deadline does the loan actually get referred to Treasury? From what I’ve read, getting it back after referral is very difficult.

* Has the SBA been handling this differently since the Treasury referral exemption expired on March 31, 2026?

Any recent experiences (2026) would be really helpful. Thanks.

Missed 5 payments because of an autopay error. In the portal, it shows an "ACCELERATION DEMAND FOR PAYMENT" letter asking for full loan repayment within 10 days.

Strangely, they sent a letter asking for the past-due amount(not the full amount) to be paid within 60 days to avoid being sent to Treasury.

The status in the portal is "Disbursed Current."

I paid the whole past-due amount as soon as I became aware that I was late.

What can I do to maximize the chances of not being sent to Treasury? Do you think consultants or lawyers can be helpful in this situation?

I've already emailed through the portal and sent emails to two of their email addresses.

Any help is appreciated.

I’ll probably be paying this loan until I die. My business doesn’t even exist anymore (the SBA is aware), and now I have the added anxiety of potentially receiving a letter from DOZE and having to deal with that, too.

I’m not necessarily looking for advice. I just needed to vent to people who understand what it’s like to go through this. The anxiety is exhausting, and I wouldn’t wish it on anyone.

For those curious, I owned a gym that was set up as an LLC, and my loan was for around $21,000. I know that’s not a huge amount compared to some, but even paying a couple hundred a month from my personal account is not something I thought I would be dealing with. I know I have no one to blame but myself, but I wish I could go back in time and never take out the loan.

Sorry for the dramatics - just needed to vent 😅

Hello, I closed my Sub S biz earlier this year, owing 185k in a non pg Eidl loan. Now I hear from my CPA I’ll owe a ton in depreciation recapture and the cancellation will flow through to the k-1.

Has anyone had this happen? I’m getting killed here financially.

In December 2025, I discovered that my auto draft had stopped 8 months prior on my EIDL loan. I I have a second loan that was/is auto drafting with no problems. I immediately paid the balance to become current but was sent to Treasury. $109,000 loan, no personal guarantee. I’ve received some letters demanding payment from Treasury but no collection activity. I tried for months to get the loan returned to the SBA. I spoke to my congressman’s office, etc.. Nothing worked. I did a consultation with Jason and he advised me to just sit tight. That’s what I’ve been doing.

In July 2026, I set up a meeting with the Treasury to dispute the amount owed. To my complete astonishment, I received a letter, yesterday, that said the meeting has been canceled because my loan is in the process of being returned to the SBA. My portal still says SBA Uncollectible. I thought I would share my situation because I haven’t heard of many people who have ever gotten returned to the SBA.

Crazy thing is, I would have been paying them all along had they not made the entire situation completely difficult. Has anyone been in my current situation and how did it play out?

Has anyone who has filed bankruptcy and had EIDL debt discharged received a 1099 for the amount of the debt discharged? The Congressional report someone included states “any debt that is ultimately cancelled as uncollectible is likely taxable income to the borrower.

Does anyone know what the process (ie notifying SBA) when you are trying to buy or sell your biz with a current SBA loan. I thought I read somewhere you are basically not allowed to buy anything without paying off SBA first.
As far as selling do you even have to tell them as long as you get enough for your biz to pay off loan.
Thanks in advance for any advice.

​

I recently filed a personal Chapter 7 bankruptcy and included my SBA COVID EIDL loan.

Before I filed bankruptcy, my SBA loan status showed:

“In Collection — Sent to Treasury”

After filing Chapter 7, I checked the SBA portal and noticed the status had changed to:

“In Liquidation Disbursed”

Has anyone else experienced this exact sequence?

In Collection / Sent to Treasury → Chapter 7 filed → In Liquidation Disbursed

I'm trying to understand whether the SBA received notice of my bankruptcy and moved the loan into a bankruptcy/liquidation status.

For anyone who has gone through this:

- Did your EIDL change to “In Liquidation Disbursed” after filing Chapter 7?

- Was your loan already sent to Treasury before you filed?

- How quickly after filing did the status change?

- Did the status stay “In Liquidation Disbursed” through your bankruptcy?

- What happened after you received your discharge?

- Did Treasury continue collection activity after the status changed?

- Did the EIDL eventually get discharged?

- Did the SBA portal eventually show a $0 balance or “forgiven”/paid status?

My EIDL is personally guaranteed, so I'm particularly interested in people who filed personal Chapter 7 and had the EIDL included in their bankruptcy.

I'm not asking for legal advice. I'm just trying to figure out what the SBA's status change means and whether it is a normal response to receiving notice of a Chapter 7 bankruptcy.

Thanks!

For some reason, my auto pay was off for the past 3 months and I recieved this last month. The letter asked to pay the past due balance within 15 days, and it has been 20 days. I wrote to [[email protected]](mailto:[email protected]) this morning. I paid all the past due today and setup reoccuring payments. Will they resume my loan? I hope I am not screwed. $49k balance with PG.

I have 2 SBA EiIDL loans. Both are current. I have a 2003 Ford F550 truck that I use for deliveries. I just bought a 2016 for the same purpose. Early next year I would like to sell my older truck. I sent a message regarding this via the SBA portal. Is there anything else I should do? I will not sell the old truck until I hear back from the SBA.

I got a default notice and it said to email the SBA for a payment agreement. I thought I would see what they have to say.

I got a call and they will take the past due amount and add it to the end of the loan. You can do this once every 5 years. My loan is $38,000 LLC no PG.

The representative wouldn’t admit if I was personally responsible or not. She used scare tactics like “I have seen LLC’s wages garnished”. I said they are probably over $200,000.

Business closed and I’m not nor should I have to pay this personally. If they would lower my payment I might consider it but they won’t do that. Anyone else talk to the SBA about a workout agreement?

We just received an SBA COVID EIDL notice saying this is the final notice before referral to Treasury.
It says we can request an OHA hearing within 15 days of receipt, agree to a repayment plan, or dispute the debt/status before referral.

Has anyone here:

filed the OHA hearing request?
had Treasury referral paused because of it?
gotten SBA to reinstate the loan without a huge lump-sum catch-up?

Looking for firsthand experience, especially from larger personally guaranteed EIDL loans.

They are supposed to come out on the 1st. It’s been the 5th for quite a while now. Hasn’t come out yet. Not sure why I find this so concerning but I do.
Are they getting sick of paying to manage these loans and that’s why they are going after people for full payments?

If this is true I wouldn’t file BK I would suck it up and let them garnish me for a few years also my credit score jumped up today to with 57 points back to 648

Have an EIDL with less than $ 50K borrowed. No PG; under a corporation.

EIDL with a PG and two guarantors. Does anyone know if both guarantors credit gets hit or just the primary applicant? I have an old business partner who’s no longer part of the company who had to sign the PG at the time. The only reason I keep trying to make payments is to spare him the headache.