SBA has referred more than 500,000 delinquent EIDL loans to Treasury for collection. Dan Staeven and Jessica Marine break down the collection fee added the moment a loan transfers, typically 28 to 32 percent of the balance, which by law Treasury can add instantly as an administrative fee. On a $100,000 loan, that can mean owing $128,000 to $132,000 before any other collection activity even begins, which is often why borrowers are confused when a Treasury invoice arrives for more than they expected.

Watch the full video here: https://youtu.be/tScDgW6fdEo?si=H7FCSDutZbCo8mOi

#EIDL #DebtCollection #SBA #SmallBusiness #TaxLaw #FrostLaw


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