SBA Disaster Federal Secured Loans Federally Secured Low Interest Loans managed by the SBA

RE: COVID-19 EIDL Advance for SBA Disaster Loan Application Number: 0123456789

We were unable to successfully verify and validate all of your information in order to process your advance. We would like to invite you to update your advance request with corrected information.

By Murray Wennerlund published 6-18-2020 updated 6-18-2020
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SBA Reconsideration for disaster loan after being denied on the first application processed.

My home was hit by a hurricane Sally. I am in need of an SBA loan to repair my home. I was denied and need to have you reconsider my denied application.

By Murray Wennerlund published 8-27-2022 updated 9-26-2022
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Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18)

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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I was denied for EIDL SBA loan and was notified by an email. Not eligible due to character reasons.

I have 90 days to request for reconsideration, what should I submit and what is the effective way to dispute it?

By Murray Wennerlund published 10-5-2022 updated 11-10-2022
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I made a mistake listing my revenue when I applied for the SBA EIDL.

If you have made a mistake submitting your company revenue and know the correct figures which you have documented proof. You can follow the following steps for reconsideration.

By Murray Wennerlund published 10-17-2022 updated 10-17-2022
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Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

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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I was not told why my SBA loan was declined. Does the SBA send a reason code or declined reason by letter?

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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SBA Economic Injury Disaster Loan ( EIDL ) COVID19 Relief FAQs

SBA Economic Injury Disaster Loan EIDL COVID19 Relief FAQs

By Contributor published 4-24-2020 updated 9-4-2020
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SBA Credit Scoring process for 7a loans which the EIDL program uses to streamline the process.

Unsatisfactory credit history, the stop to many that may have been a mistake but also may be true. Lets make sure we dont add disaster debt burden on our business and our household that can not be repaid. Whats the reason? Lets explore more options.

By Murray Wennerlund published 8-4-2020 updated 8-4-2020
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SBA 7(a) loans and SBA Economic Injury Disaster Loans calculated using 7(a) processes SOP 50 10

During any declared disaster in which businesses can provide proof of economic injury or in simple terms loss of revenue as a direct result of the disaster the business will still be required to qualify for the loan based on the ability to repay the loan.

By Murray Wennerlund published 9-3-2020 updated 9-3-2020
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