The CBO fiscal budget releases have pointed to two write downs of EIDL loans in the past 13-14 months. https://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. https://t.co/oOWStUroW0
— Neely (@NeelyTamminga) July 10, 2024