Your Business Closed. What Happens to the EIDL?
Review SBA closure guidance, collateral and guaranty distinctions, and the questions to organize when a business with a COVID-19 EIDL has closed.
Closing a business does not automatically cancel its COVID-19 EIDL. SBA directs borrowers anticipating closure or liquidation to contact the COVID EIDL servicing channel through the loan portal or servicing email.
What to review
Start with the date, sender, balance, and response instructions on your document. Compare those details with the source-backed process described here before deciding what questions to take to SBA, Treasury, or an independent professional.
What happens next
The next step depends on the current servicer, the age and status of the debt, and any review rights described in the notice. The exposure assessment organizes those facts without replacing legal, tax, or financial advice.
Does this page provide legal advice?
No. It provides general educational information and links to official sources. Individual facts can change the available process and outcome.
Will checking my exposure affect my credit?
No credit report is requested to use the educational assessment on this website.