The COVID-19 EIDL program provides financial support to small businesses. The SBA’s Servicing Center (CESC) handles loan management, including payments, modifications, and collateral adjustments. Borrowers can track and manage their loans via the MySBA Loan Portal.
The program offers hardship accommodations, collateral modifications, and options for changing loan ownership. Defaulted loans may be liquidated or charged off, and bankruptcy filings may pause collections. For more information, borrowers can access additional resources on the SBA website.
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