In a chapter 7 pickle – How to show you used a loan for Amazon biz?
I borrowed the SBA Covid EIDL loan but need to file chapter 7. One of the terms of the loans is that it must be used for this business only. Unfortunately, I lost most of the funds by investing in other businesses as my Amazon business was failing.
I am not exactly sure how SBA and/or the court trustee proves how the funds were used but what are some of the ways that a Amazon business can lose money? I need to come up with plausible ways that the funds were used and lost with via my eCommerce biz (Amazon and ebay).
submitted by /u/lvpoaz
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