Legally resolve your Economic Injury Disaster Loan & close your business—without filing bankruptcy*.

Closing a business that owes money to the SBA, or worse, is in default on an EIDL, involves navigating numerous forms, complex processes, and substantial government red tape. Properly managing the entire closure process, from initial steps to final dissolution, is crucial to prevent further complications or breaches, as neglecting even the smallest details can quickly expose you, the business owner, to personal liability claims and the risk of aggressive government collection efforts.

Federal law mandates that the SBA transfer unpaid loans to the U.S. Treasury Department for collection, triggering what we refer to as the 'Treasury Trifecta': wage garnishment, asset/property foreclosure, and seizure of benefits (tax refunds, social security, etc.). While the SBA cannot forgive the loan and the Treasury must pursue collection, EIDLexit's comprehensive services help you navigate this challenging process and proactively mitigate the associated risks.

With the Office of Inspector General (OIG) reporting that "the U.S. Treasury is aiming to recoup nearly $60 billion in fraudulent loans," EIDLexit stands as a vital ally for legitimate businesses that have faced genuine financial hardship, whether in the past or present. Our meticulous and compliant process guides clients through the entire closure journey, from initial steps to the creation of a comprehensive package for the SBA.

By partnering with EIDLexit, we will create a protective framework for your business through proper documentation and SBA-compliant submissions. We meticulously prepare and submit clean, thorough packets that adhere to all SBA requirements—setting legitimate businesses apart from cases of improper closure. So confident are we in our process that we offer a money-back guarantee, reinforcing our commitment to compliant, by-the-book business closure that helps reduce the risk of personal collection actions.

While these challenges may seem daunting, remember that you established a corporate entity for a purpose—to protect yourself from personal liability. Our business closure process fortifies your company's corporate veil, which significantly reduces the risk of personal liability for your business's debts.

*If your EIDL exceeded $200,000, you may need a personal bankruptcy discharge to resolve the SBA's personal guarantee. Call us to discuss your options—we’re here to help.