Tag Archives: SBA loan in bankruptcy
Chapter 11 Bankruptcy And PPP Loans, SBA Loans
Businesses throughout the Tampa Bay area that have struggled during the pandemic have sought government relief through the Paycheck Protection Program (PPP) and through the Economic Injury Disaster Loan (EIDL) program, both through the U.S. Small Business Administration (SBA). Many of these loans were not forgiven and are entering repayment. Yet questions and concerns… Read More »
What Happens When a Business Got SBA Loans and Later Went through Bankruptcy?
In Spring of 2020 and later, many businesses throughout the Tampa Bay area received SBA loans as a form of COVID-19 relief. Those loans included loans through the Economic Injury Disaster Loans (EIDL) program and Paycheck Protection Program (PPP) loans. For some of those businesses, the loans were sufficient to cover the significant losses… Read More »
