The CBO fiscal budget releases have pointed to two write downs of EIDL loans in the past 13-14 months. $400B issued to 4M firms

The CBO fiscal budget releases have pointed to two write downs of EIDL loans in the past 13-14 months. t.co/JR3ZRjRkJI

— Neely (@NeelyTamminga) July 10, 2024

What’s curious to me @FreightAlley is that most did not have to put up personal guarantees for the EIDL loan, unlike a typical SBA.

Loans < $200K didn’t require it.

(Yes, we analyzed almost 4M loans. 🤓)

That said, we believe the health of EIDLs is a canary in the coal mine. t.co/oOWStUroW0

— Neely (@NeelyTamminga) July 10, 2024