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
Make a contribution | Print | Decline | 240 views

Follow Code of Federal Regulations C.F.R. I know you were looking for this code and I have a few notes at the bottom of this post for clarification.

By Murray Wennerlund published 10-21-2022 updated 10-21-2022
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Its important that you know what to expect from the SBA Disaster Recovery Loan program before you call or email. Learn from others that have requested disaster recovery SBA loans in the past and learn how to plan for other federal assistance.

By Murray Wennerlund published 3-15-2020 updated 3-15-2020
Make a contribution | Print | SBACOVID19 | 2.4K views

When you learn the sequence of disaster assistance youll see it goes from FEMA to the SBA for loans. No one tells you about the long term assistance your state is working on just days after your declared disaster. HUD CDBG-DR Funds an option to a loan.

By Murray W. published 1-2-2020 updated 3-28-2020
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SBA Loan LOAN AUTHORIZATION AND AGREEMENT LAA Promissory Note agreement for Economic Injury Disaster Loans

By Murray Wennerlund published 6-24-2020 updated 6-24-2020
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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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Can I take both PPP and EIDL then ask for 100 forgiveness for my PPP and use my EIDL as working capital to cover my reduced earnings because of the covered period of the COVID-19 pandemic?

By Murray Wennerlund published 8-6-2020 updated 8-6-2020
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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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Once you sign your SBA loan agreement for your disaster loan you also signed away any Grant money that you may have been eligible for at a later date. The key is never take a loan when you qualify for a grant but the grants come after the loans.

By Murray Wennerlund published 1-15-2022 updated 2-14-2022
Make a contribution | Print | DOB | 794 views