Thoughts?

Posted on another thread but thought I would also post separately -

I sold the assets of the company, stopped operations and went to work for another company. Didn't ask permission or notify the SBA. I saw that as being a problem in terms of them squashing the deal. I was still in a good financial position but at the brink of things going bad quickly. I needed it to happen or things would have got ugly within a few months. That would have been a mess. This way I've "got out" of the business without personal financial harm and the SBA is still getting their payments. I borrowed the money. I own that and will make the payments as obligated.

I still maintain the S Corp bank account but the business is not operating. When I get business license renewals from the city or other business related type taxes etc, I write "business closed" and send it back. I deposit $$ into the company account as needed so that the $2,500.00 loan payment can autodraft every month. I've never missed a payment. The OG 500K loan amount is down to around $450,000.00. I'll keep this up till I die I suppose. I plan to retire in a few years. When I start receiving social security, it will be enough to cover the loan payment every month with a little left over. My wife and I have savings/investments to cover living expenses. I should be okay until it will be my estate's problem. By then we'll not have much investment money left in but the loan will still have an unpaid balance.

Sure, I could pay off the loan now with our personal savings but them we would have very limited money to live on. The path I've chosen keeps my wife and I financially stable and the SBA gets their monthly payment.