EIDL Aftermath: Navigating Delinquent Loans and Collection Tactics

During the pandemic, the SBA’s Economic Injury Disaster Loan program put emergency capital in the hands of millions of small businesses. Those loans have since come due, deferment periods have ended, and borrowers who fell behind are now hearing from the SBA and the Treasury Department.

In this one-hour session, Daniel Staeven and Peter Mancini of Frost Law explain where the EIDL program stands today and what a business owner with a delinquent loan can do about it. Topics include:

• Loan modification options
• What changes when a deferment period expires
• The SBA collection process and referral to Treasury
• Treasury offsets against federal payments, including tax refunds
• Offer in Compromise strategies for EIDL balances

Business owners, CPAs, enrolled agents, and other advisors will leave with a clear understanding of a borrower’s position and the practical steps worth taking now.