Will My Coronavirus EIDL Business Loan Wind Up Garnishing My Social Security?

Question: Dear Steve, SBA web site says the borrower does not personally guarantee EIDL loans under (I think) $200,000 (mine is for $40k). The note does say that the borrower promises to pay though. If I had to default in the future could the SBA garnish my SS benefits (likely the loan will outlive me … Read more

How to Start Your Own Successful Business With Little Money

Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all … Read more

Would We Be Better Off Not Paying Advanta? – Michelle

“Dear Steve, We own our own business and have about $75,000 in credit card debt. The interest rates are at 29.99% We have called every single company and they all refuse to lower the interest rates. AND, as we pay them down, they lower the available balance, so even if we continue to pay them … Read more