re: EIDL Loan Repayment / Forgiveness

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If the business is no longer operating, I wouldn't pay it back. There is no personal guarantee so they can't come after you, only your business but if your business is no longer operating, it will just sit in la la land and eventually go away.

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Man this country has gone to shite.

I’ve been paying and will continue despite the fact I don’t operate out of that 1099 any more.

I am doubtful they will announce anything official but there is enough language from Congressmen and auditing branches that make it pretty clear their intent isn’t to collect (turn over to Treasury) loans under $100k.

With some people paying, doubtful they will officially forgive.

Tbh, I was extremely surprised when they approved it (then doubled it) with no personal guarantee on just an individual 1099.

They have likely close to $150 billion in non guaranteed loans.