Entries by reva1

EIDL Loan Forgiveness Application Guide: Steps to Secure Your Relief

During the COVID-19 pandemic, many businesses saw their operations get completely upended overnight. Many businesses were forced to shutter their doors as a result of lockdown measures, while others had to adjust operations to the “new normal.” For many, it was a nightmare scenario, and one that threw their ability to stay afloat into serious […]

Understanding the SBA Hardship Accommodation Plan for COVID EIDL Loans

During the COVID-19 pandemic, millions of businesses all across the country were upended due to lockdown orders and a massive alteration to how people lived. This overnight wave of change caused catastrophe for many businesses, as they were forced to find new and innovative ways to stay afloat. Because of the sheer magnitude and significance […]

What Does SBA Consider to Forgive EIDL Loans: Key Criteria Explained

The COVID-19 pandemic caused significant financial challenges for all types and sizes of businesses all across the country. When the pandemic broke out in March 2020, business owners saw their companies’ normal operations upended overnight. Not surprisingly, many found themselves in very difficult financial positions, having to adjust for the new world in which we […]

Understanding Defaulting on an EIDL Loan: Consequences and Next Steps

  The U.S. Small Business Administration plays a vital role in supporting small businesses throughout the country. The government agency does this in a number of ways, including providing guidance and resources to business owners, as well as offering special loan programs. One of those loan programs is called the Economic Injury Disaster Loan, or […]

Can You Still Get Your SBA Loan Forgiven in 2025?

During the COVID-19 pandemic, the federal government created many economic assistance programs for individuals and businesses that were facing significant financial challenges. For individuals, this included multiple direct stimulus payments as well as enhanced unemployment benefits for those who lost their jobs either permanently or temporarily. The federal government also created new loan programs such […]

Can Bankruptcy Affect Your Job: Employer Restrictions in Michigan

When people get themselves in challenging economic situations, filing bankruptcy might be the best option to provide debt relief and peace of mind. However, at the same time, doing so could impact your future job prospects in the state of Michigan. Bankruptcy laws do have protections in place for debtors who have filed bankruptcy, shielding […]