SBA Contacts? Deal closing delayed due to EIDL Covid loan

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April 23, 2026

by a searcher from Massachusetts Institute of Technology in Captain Cook, HI, USA

Hi all, I'm 2 weeks away from closing on a $4M business, however last week I found out that the SBA required me to pay off an old EIDL Covid loan from a previous LLC that was in default. The LLC shut down after I got the loan so I didn't think I needed to pay it back since I didn't sign a personal guarantee. In any case, in the interest of time I decided to just pay the entire loan off last week. Since it's been so long since 2020, the SBA sent the loan to the Treasury. I called and the Treasury has the loan as paid off in their system, but now I have to wait for the data to matriculate to the SBA's system before my bank can send my 7a loan to them for approval. I figured I'd ask the community here: anyone have a contact at the SBA I could speak to and see if there's any way to speed up the process of updating their system with my loan as fully paid off? At this point I feel like I'm in limbo and I have no idea how long it will take them to update it. Any help is much appreciated, thanks!
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