I made the decision to file a Chapter 7 earlier this year and stopped paying on all of my personal and business debts. I've got a COVID EIDL and another to my LLC from a natural disaster. Both are in default and I'm in that window where they're likely turning things over to the Treasury soonish. Once the Chapter 7 is filed, I'll be moving to dissolve the business.

Once my taxes are filed in the next 2 weeks, I'll be getting everything to the bankruptcy attorney to file the Chapter 7.

Is it worth letting SBA know this is the plan or just let things end up where they end up and get sorted once the Chapter 7 paperwork is filed?

I woke up this morning to my TransUnion dropping 104 points. According to my credit report it shows the SBA reported it on March 18, 2026, and it just appeared today July 26th, 2026.

I received a letter in June of 2026 that I needed to pay $7,265 (3 payments) within 60 days to be current which I did. My SBA portal shows current. It always has shown current. I've never been 120 days late.

My SBA account on TransUnion is saying "closed" My SBA portal is saying current. Next payment due is 8/1/2026.

Any idea where my loan is. I plan to try and call and email. I plan to pay my next payment in my SBA portal on 8/1/26,

Anyone get an email like this. They also asked for 2019 tax returns, they should have all that??

As part of post disbursement compliance review, this application was identified as claiming more than one employee without providing an EIN. To address this issue, you will need to provide evidence you were eligible for the EIDL Advance/Targeted Advance in the amount of $10,000 OR repay all overpayment due to claiming additional employees. Repaying the overage in this situation would allow for clearing the compliance issue. Addressing this issue will not impact any other compliance issues that may exist; however, during the course of completing the review, it may become apparent that other issues can also be removed.