SBA EIDL Delinquencies - Hardship Accommodation Plan (HAP)

Let's talk about that "elephant" on your back called EIDL Monthly Payments. There's a rising number of SBA EIDL loan recipients finding it increasingly challenging to make those EIDL monthly payments. If you haven't heard, I have some good news for you. The, "SBA is offering a Hardship Accommodation Plan (HAP) for COVID-19 EIDL borrowers experiencing short-term financial challenges."

For those of you that have applied previously and was denied, you should try again. In February 2024, the HAP was expanded to now allow a wide range of previously ineligible applicants to now be eligible. Simply contact SBA for further guidance. 

As long as the Treasury has not taken collection steps on your SBA EIDL loan, you should be eligible for the HAP. Otherwise, you will need to make payments directly to the Treasury.

You can check out the SBA website for more information or consult your professional of choice for more information.

As a reminder, Tax Largie has expanded services to assist with your Real Estate needs that includes:

• Sale or Purchase of Businesses
• Sale or Purchase of Real Estate, commercial or residential 
  
• Short sales 
  
• Foreclosures

​Contact us! Realtor Largie will be happy to assist.