Can You Sell Your Business If It Has An SBA EIDL Loan?

In this video we answer one common question, "Can I sell my business if it has an SBA EIDL Loan?". As small business owners know, the Covid-19 EIDL Loan from SBA has many rules and regulations on how you can use the funds and how to manage your business. Many small business owners that got the SBA EIDL Loan do not know that they can sell their business, but they have to to ask for authorization from the SBA first. Visit Freedomtax Accounting website - https://freedomtaxaccounting.com/ DISCLAIMER This video is intended for education purposes and should not be taken as legal, financial or tax advice. You should consult with a professional about your unique situation before acting on anything discussed in these videos. Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. are providing educational content to help small business owners and individuals become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. or its members cannot be held liable for any use or misuse of this content. #eidl #eidlnews #sba #eidlloan #sbaloan #smallbusiness