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SBA Does Not Allow EIDL Loans to be Compromised Through an Offer in Compromise
If you're exploring ways to resolve or settle your SBA EIDL loan, here are some alternative options to consider—from hardship plans to refinancing or even bankruptcy in some cases.
How to Sell a Business Subject to an SBA EIDL Loan
Selling a business with an SBA EIDL loan comes with challenges, especially if the sale proceeds won’t fully cover the loan balance. Navigating SBA requirements can take months, so preparation is key.