Episode 160: SBA EIDL loans are a mess!

This episode looks at the current state of SBA’s EIDL loans. The amount of charge offs for EIDL loans exploded to $52 billion in 2023. The SBA has stated that about 1.3 million EIDL loans are either past due, delinquent, in liquidation, or charged off. The SBA made a total of 4.1 million EIDL loans over a 3-year period. The SBA now finds itself in a new position as the main creditor of these loans.

Link: SBA Covid EIDL loans in focus in new bankruptcy wave - Philadelphia Business Journal (bizjournals.com)