EIDL Loan Application | Reconsideration Request Checklist

So you can have greater success with your EIDL LOAN. Here is a EIDL loan application | Reconsideration Request Checklist. First, write a letter, in briefest terms possible, requesting your Reconsideration. TIMESTAMPS BELOW. SEE our video on HOW TO WRITE A RECONSIDERATION LETTER: /watch/YQlgexrbrO-bg 2. Include your full business name, EIN/SSN (for Sole Proprietors), Address, phone, and EIDL Application number. 3. Provide a BRIEF explanation of why you think you should be approved. 4. If it’s a credit issue, write a separate letter with your BRIEF explanation of your credit challenges. INCLUDE a sentence that authorizes SBA to obtain a new, updated credit report. SAMPLE WORDING: "I hereby authorize the Small Business Administration (SBA) to obtain an updated my credit report for my EIDL Reconsideration Request." 5. Be sure to sign and date the letter 6. Download, complete and sign the special Disaster Loan IRS 4506T form. Link to obtain the form in the description below. Be sure to watch our video on How To Complete an IRS 4506T Form! /watch/EJWHmi9SBT_SH 7. Include your most recent tax return 8. A clear, color scanned PDF of the FRONT and BACK of your Driver’s License 9. A VOIDED Check in PDF format. 10. A completed and signed SBA Form 2202, Schedule of Liabilities. Be sure to watch our video on How To Complete SBA Form 2202: /watch/cf2IKDhda5VdI 11: COMPLETE SBA FORMS 3501, 3502. See our HOW TO GUIDE HERE: https://www.auroraconsulting.biz/product/how-to-complete-3501-and-3502/ 12. COMPLETE FORM 1368 if they ask for it. Send an email to PDCRecons@sba.gov AND CovidEIDLIncreaseRequests@sba.gov 0:00 Reconsideration checklist 0:10 What you’ve been dreaming about! 0:24 BRIEF Letter requesting reconsideration 0:30 How to Write a Recon Letter (VIDEO) 0:40 What NOT to do when writing the letter 0:48 Include Name of Business 0:50 Employer Identification Number (EIN#) 0:53 Social Security # if self-employed 0:56 EIDL Application # 0:59 EXAMPLE WORDING 1:06 If declined due to Credit, include a credit explanation letter 1:15 Include wording to authorization agent to run your credit report 1:20 SAMPLE WORDING 1:36 Trevor’s experience with this is spot on! 1:43 Our next video is on how to write a credit explanation letter 1:51 Sign & date the letter 1:54 Include Form 4506T 2:24 Use most current version 2:32 Clear PDF of your drivers license FRONT & BACK 2:50 HOW TO SCAN TO GET A PDF copy 3:45 Most recent tax return 4:00 PDF of a voided check 4:07 How to make sure the voided check is a PDF 4:25 Submit Form 2202 5:25 BLOOPERS Want to get ahead of easy mistakes to make in business, visit our podcast: /AuroraConsulting VISIT OUR YOUTUBE COMMUNITY PAGE: /c/LindaReyandTrevor/community IF OUR INFO has been useful, helpful & productive, please consider leaving us a GOOGLE REVIEWS so other business owners find this channel for SBA EIDL information: https://g.page/AuroraConsulting/review https://business.google.com/reviews/l/02154723169345025639 💥 We are Business Financing Brokers and Disaster Financing Specialists. We help you get cashflow into your business so you can run your business. Financing Solutions to Build Your Business. Our role as your financing Broker is to review all relevant documents, including a credit report, in the early stages of your request, before the application, before we've even started conversing with a Bank/Lender. #Reconsideration #EIDLloan #DisasterFinancing #EIDLloanupdate #PPPLoanupdate #BusinessPlanning #BusinessLoan #businessloans #EIDLUpdate #SBALoans #DisasterLoans #SBALoan

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