Sign up to save your podcasts
Or
Share TFU 033: Seth Block: You took out an EIDL loan during Covid and now you need new funding. What do you do?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
TFU 033: Seth Block: You took out an EIDL loan during Covid and now you need new funding. What do you do?
During the Covid-19 pandemic, the US Government created EIDL loans through the SBA, which were designed for small businesses. With low-interest rates and 30-year terms, these loans were created to help small businesses stay afloat during the pandemic’s economic slowdown. The loans required the SBA to put a perfected security interest lien in place against a company’s assets, meaning no other lender could use your company’s assets as collateral. This creates a problem when you need more funding from other sources. Join Seth Block as he discusses strategies to keep your SBA loan in place while renegotiating your SBA-encumbered assets to help you grow.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
View all episodes
By Seth Block, CPA
4
44 ratings
During the Covid-19 pandemic, the US Government created EIDL loans through the SBA, which were designed for small businesses. With low-interest rates and 30-year terms, these loans were created to help small businesses stay afloat during the pandemic’s economic slowdown. The loans required the SBA to put a perfected security interest lien in place against a company’s assets, meaning no other lender could use your company’s assets as collateral. This creates a problem when you need more funding from other sources. Join Seth Block as he discusses strategies to keep your SBA loan in place while renegotiating your SBA-encumbered assets to help you grow.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification