EIDL Loan Dashboard

Calculate your payments, see the payment shock, and understand what happens if you default.

3.9M

Loans Issued

$378B

Total Disbursed

37%

Default Rate

1.3M

In Default

$71B

Charged Off

96%

PPP Forgiven

EIDL Forgiven

EIDL Payment Calculator

Enter your loan amount to see your monthly payment, total interest, and what the loan actually costs over 30 years.

Loan Amount ($)

Interest Rate (%)

Remaining Years

Monthly Payment

Total You'll Pay

Total Interest (the hidden cost)

Final Payment Date

Was Your HAP Payment (10%)

The payment shock: If you were in the Hardship Accommodation Plan paying 10% of your normal payment, your monthly bill just jumped from $0 to $0 when HAP ended in March 2025. That's an 0% increase overnight.

Charge-Off Trajectory

Cumulative EIDL loans the SBA gave up on collecting. $71 billion and climbing.

PPP vs. EIDL: Same Crisis, Different Rules

Two loan programs from the same government during the same pandemic. One was forgiven. One wasn't.

Where Your Money Goes Over 30 Years

On a typical EIDL loan, you pay almost as much in interest as you borrowed. In the early years, nearly all of your payment goes to interest — the principal barely moves.

Timeline: How the Trap Was Built

March 2020

CARES Act passes. EIDL loans begin.

Government orders businesses to close. Offers 30-year loans at 3.75% as "disaster relief."

March 2020 – May 2022

3.9 million loans disbursed. $378 billion.

Minimal underwriting. Emergency conditions. Loans approved in days. Personal guarantees signed under pressure.

Late 2022 – Early 2023

Deferment periods begin expiring.

First wave of borrowers hit with full payments. Many can't pay. Defaults begin climbing.

FY 2023

$52 billion charged off in one year.

The SBA officially gives up on collecting from hundreds of thousands of borrowers. The debt still exists.

February 2024

Hardship Accommodation Plan launched.

Payments reduced to 10% for struggling borrowers. 300,000 loans enroll. A temporary band-aid.

March 19, 2025

Hardship program ends. No replacement.

300,000 borrowers face immediate payment shock. Monthly bills jump 800%+ overnight. No transition offered.

2025 – 2027 (Projected)

Default tsunami. 1.3 million more expected.

$80-100 billion in additional losses. 260,000+ business closures. 2-3 million jobs at risk. Treasury collections accelerate.

2050

The last EIDL payments come due.

Borrowers who took loans in 2020 at age 45 will make their final payment at 75. If they make it.

What Happens When You Can't Pay

The step-by-step consequences of EIDL default. Unlike private debt, the federal government doesn't need a court order.

You miss payments for 60-90 days. SBA sends notices. Phone calls start. Your loan is marked delinquent.

At approximately 120 days, your loan enters official default. SBA reports to all three credit bureaus. Your credit score drops significantly.

SBA refers your loan to the U.S. Treasury for collection. Treasury adds a 30% collection fee to your balance. An $800,000 loan becomes $1,040,000.

Treasury begins administrative wage garnishment — up to 15% of your disposable pay. No court order required.

Treasury intercepts your federal tax refund. Any refund you're owed goes directly to the EIDL balance. No court order required.

If you signed a personal guarantee (loans over $200K), the SBA can pursue your personal assets: home equity, savings, investment accounts.

Treasury can offset Social Security benefits for borrowers at retirement age. The debt follows you into retirement. No court order required.

The debt does not expire. Unlike private debt with statutes of limitations, federal debt can be collected indefinitely. Closing your business does not eliminate the obligation.

Read the Full Investigation →