SBA — EIDL Loan Reconsideration Sample Letter
Learn how to write an EIDL loan reconsideration letter to SBA, an easy step-by-step guide.
The EIDL (Economic Injury Disaster Loan) Facility provides a loan to small business owners, who have been affected due to COVID. There are dozens of applications that this facility receives and not all of them get accepted. The ones who want the EIDL facility to reconsider their application can send a letter to SBA (Small Business Association) under the Cares Act.
If you are unsure as to why your previous EIDL loan did not get approved and want to write an EIDL loan Reconsideration Letter, you can easily do so with the help of iDispute. Here, we will walk you through the whole process of writing and filling in all the important information so that you can easily get a loan for your business.
Start filling out the form in the following sequence:
● Company’s Name (e.g. COMPANY EXAMPLE LLC)
● Address Line 1 (e.g. P.O. BOX 123)
● Address Line 2 (e.g. MIAMI, FL, 12345)
● Phone (e.g. 123–456–7890)
● Email (e.g. firstname.lastname@example.org)
Next, you can enter the document date (e.g. 07/26/2020)
Then, fill in the EIDL Application Number that is provided by the SBA (e.g. 123456).
Next, scroll down all the way to the end of the document to find this section in the document. Fill in the details in the following manner:
● Account Name (e.g. Company Example LLC)
● Bank Name (e.g. Bank Example LLC)
● Account Number (e.g. 123456789)
● Routing Number (e.g. 112233)
Lastly, reach the end of the document and after the complimentary close, fill in the following two particulars:
- Enter the Company’s Executive (e.g. Founder and CEO);
- Your first and last name (e.g. John Doe).
After you are done filling the entire document, make sure to check all the personal information you have entered in order to avoid any mistakes. Then click the Buy button and proceed with the payment. You can then download and print the form.
Once the letter is printed, make sure to sign the document before sending it to SBA. You can choose to mail the document through the USPS certified mail, this will ensure that SBA receives your mail.
You can also choose to mail your letter after entering all the data to lettercarrier.org from the comfort of your home. Letter Carrier will deliver your EIDL reconsideration for you, without any hassles.
Make sure to always have a copy of the official document, certified receipts as well as financial documents for record-keeping.
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DISCLAIMER: This sample document is not intended to serve as legal counsel or advice. This sample document is intended to be used as an educational tool and readers/users are urged to retain the necessary legal counsel before implementing it. iDispute makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. iDispute makes no warranty, express or implied, and all information is provided on an as-is basis. iDispute is NOT a CPA, attorney, lender, or financial advisor. The content in this video should not be construed as tax, legal, or financial advice, etc…, and maybe outdated and/or inaccurate; it is your responsibility to verify all information yourself.