The SBA will use a different declined loan code or reason for cancel code depending on your actions. If you simply choose to ignore the phone calls and letters from the SBA you might get a different code than if you informed the SBA that you decline.

By Murray Wennerlund published 10-20-2022 updated 10-20-2022
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If you use the SBA Form 413 which is typically part of the application process for EIDL you may increase your chances of approval if you have been declined the EIDL.

By Murray Wennerlund published 9-29-2022 updated 9-29-2022
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SBA Duplication of Benefits totaling near $55 million for Louisiana alone may have been counted against disaster victims but later changed by the SBA without updating state grantee datafeeds. This issue may also be relevant to other disasters since 2013.

By Writers Pool published 11-8-2018 updated 7-28-2019
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Paycheck Protection Program US Treasury published Rules.

By Murray Wennerlund published 4-23-2020 updated 4-23-2020
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Economic Injury Disaster Loans EIDL are available only to a small business engaged in an eligible business activity. Business activity means the nature of the business conducted by the applicant.

By Murray Wennerlund published 10-15-2022 updated 10-15-2022
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Understanding when its best to decrease or cancel the loan amount that the SBA has awarded you. If you find that you can qualify for grants and understand that the SBA loan will count against you this is when you would decrease your SBA loan needs.

By Murray Wennerlund published 10-20-2022 updated 10-20-2022
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Your decline letter will not include a code. Youll need the code so you can focus your appeal on the reason the SBA declined you in the first place. Call the SBA call center, ask politely for your decline code, a manager will need to process your request

By Murray Wennerlund published 9-26-2022 updated 9-26-2022
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The SBA should have emailed and sent via US postal mail a letter with the reason you were declined. They will not send you a declined code reason. But you can call and request that code number. The code will help you with your reconsideration letter.

By Murray Wennerlund published 10-11-2022 updated 10-11-2022
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More information about what you can use your SBA EIDL for. Its working capital, its for reduction in revenue earnings during a disaster and we are in a declared disaster which should mean you cut back when you can and budget.

By Murray Wennerlund published 8-6-2020 updated 8-6-2020
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Section 324 Summary of H. R. 133 Save Our Stages (SOS) Shuttered Venue Operator Grants Questions with Answers. Be sure to submit your question using the form near the bottom of this article. I will be updating this section as changes are published

By Murray Wennerlund published 1-26-2021 updated 2-10-2021
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