EIDL Loan Collateral - Things You MUST Know! Can the SBA Seize your personal property?

The EIDL Loan has some scary sounding provisions in the loan documents in regard to collateral. In this video, I go into a little more depth on what all of this could mean for your business and you personally. The more informed you are, the better decisions you can make. Please check out my other videos on information on the PPP loan, the EIDL loan, and the EIDL grant as well as anything related to those stimulus packages. #EIDL #EIDLCollateral If you enjoy our content and want to support us, donate through Venmo @nguyencpas If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page:   / nguyencpas   Online Program we're offering to help businesses financially survive this pandemic: https://courses.nguyencpas.com/course... Our Website: www.nguyencpas.com Join our Facebook group for more active updates:   / nguyencpalounge   PPP Playlist:    • PPP Information   EIDL Playlist:    • EIDL Information   COVID-19 Playlist:    • COVID-19   Music by Adam: https://bit.ly/2WUgQ8J This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.