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What is the difference between EIDL loans and SBA loans? #georgialaw

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What is the difference between EIDL loans and SBA loans? #georgialaw

EIDL loans come directly from the federal government — meaning the government is your lender, and you make payments to them. But unlike taxes, which are usually nondischargeable, EIDL loans can be treated like other business debts in bankruptcy. In many cases, you may be able to: Wipe out the EIDL debt entirely through a bankruptcy filing ...

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