EIDL Loan Approved - Now What You Need To Know Before Accepting!

So you got approved for the EIDL Loan. I now talk about what you need to consider before accepting the loan. This will be helpful for folks who are still waiting for the EIDL loan as it will give them more time to think about it. The SBA basically will have a lot of rights to your business property, financial statements, and distributions.

Should you accept the loan? That really depends on how risk adverse you are, how much of a need you have for the loan, and if you’re doing things properly after accepting.

You SHOULD NOT take the full 30 years to pay back the EIDL loan.

Check out my other videos for information on the PPP loan, PPP loan forgiveness and how to use the EIDL loan.

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Music: Patric Le Funk - Quick Quack

This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.

https://youtu.be/RT0Pz6Fuqv0

Видео EIDL Loan Approved - Now What You Need To Know Before Accepting! канала Nguyen CPAs