By Gerri Detweiler –
If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may have determined it isn’t a good fit for your small business for any number of reasons:
• You just wanted the EIDL grant and not an EIDL loan
• You didn’t understand the loan terms when you applied
• You can’t use the EIDL funds or PPP funds the way you hoped
• You don’t think most of your PPP loan will be eligible for forgiveness
• You aren’t sure your business will survive to be able to repay a loan