Business Closure
EIDLexit provides comprehensive business closure and dissolution services, guiding clients through the process of closing their businesses while ensuring compliance with state and federal dissolution requirements.
Our turn-key services aim to mitigate personal liability and collection risks associated with business closure. We offer document review and examination, documentation provision, asset management advisory, regulatory compliance assistance, financial documentation and reporting, government filings, and registered agent termination.
By choosing EIDLexit, clients receive expert support to streamline the winding-up process and reduce personal liability risks.
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SBA Loan Resolution
We prepare and submit a detailed package to the SBA, leveraging our specialized AI system in addition to our thorough human review. This collaborative process demonstrates the business’s legitimacy, genuine need for the loan, compliance with closure and dissolution requirements, and inability to repay.
Economic Injury Disaster Loans
EIDLs are a long-term, low-interest financing option offered by the SBA to support individuals, small businesses, and nonprofits that experienced substantial economic harm due to declared disasters (e.g., COVID-19 pandemic, hurricanes). In the absence of a compromise or forgiveness program for EIDLs (excluding bankruptcy), it is crucial that businesses approach the SBA's closure process with meticulous care and preparation.
EIDLexit's services extend beyond merely satisfying the SBA's requirements. We identify potential vulnerabilities that expose business owners to personal liability. Then, build a comprehensive plan and package to address these vulnerabilities and strengthen the owner's position behind the corporate veil.
SBA 7(a) Loans
The SBA 7(a) loan program offers flexible, long-term financing through bank lenders, typically for working capital, equipment, or real estate. Unlike EIDLs, these loans involve stricter underwriting, often with personal guarantees and collateral requirements.
EIDLexit assists with 7(a) loans only when paired with an active or unresolved EIDL. In those cases, we help clients navigate business closure, loan resolution, and potential personal liability—focusing on compliance, responsible use of funds, and financial hardship to reduce risk and present a strong case to the SBA.
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Business Formation
Following the dissolution of a business and successful resolution of an EIDL, some clients are ready to start fresh—but forming a new business the right way is critical to protecting themselves moving forward. When paired with our EIDL Resolution services, EIDLexit offers expert guidance in setting up a new business with protection and compliance in mind from the start.
We assist with entity selection, legal filings, EIN registration, and compliance with state and federal requirements. Our services are designed to help you avoid pitfalls that could expose you to unnecessary risk in the future. We also offer registered agent services to maintain legal compliance and ensure proper handling of official documents. If you’re ready for a fresh start, we can help lay a solid foundation—once your EIDL issues are resolved.
Ready to get started? Schedule a Free Consultation Today!
