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SBA Charge Off of SBA EIDL Loans

Submitted by Anonymous (not verified) on Sun, 02/18/2024 - 06:07

SBA EIDL Loan Charge Offs

Submitted by Anonymous (not verified) on Mon, 02/12/2024 - 18:28

The debanked website is reporting that Covid SBA EIDL loan charge offs increased by $52 Billion in 2023.   Those charge offs equal 17.2% of the unpaid principal balance of SBA outstanding EIDL loans. The story can be found at https://debanked.com/2024/02/covid-eidl-charge-offs-explode-increase-by-more-than-51-billion-in-fy-2023/This report is unsurprising, as a rough estimate indicates that 75 to 80% of our clients have defaulted or are considering defaulting

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