SBA has referred more than 500,000 delinquent EIDL loans to Treasury for collection. Jessica Marine explains what changes once that referral happens: SBA uses Treasury's cross-servicing program to hand off collection, and once the loan transfers, SBA loses all authority over the account. Borrowers who could once request a modification or hardship accommodation through SBA no longer have that option.

Watch the full discussion: https://youtu.be/tScDgW6fdEo?si=H7FCSDutZbCo8mOi

#EIDL #SBA #SmallBusiness #DebtRelief #TaxLaw #FrostLaw


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