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How This Business Owner Overcame 6 EIDL Denials

Over the past two years, we've heard thousands of stories from small business owners who've been saved by pandemic relief programs, especially the SBA's COVID EIDL program. In fact, our recent EIDL survey [https://helloskip.com/blog/eidl-funding-survey-february-2022/?ref=SkipBlog]

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SBA Says They Could Fund All EIDL Applicants To Full Amount

On December 31st, some of the EIDL loan and grant programs helping small business across the US ended — but not fully. In fact, there's good news from an SBA spokesperson. There's enough existing funding at the SBA to fund all EIDL applicants up to their full

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Average EIDL Loan Size Has Increased 44% Since June

There have been some major changes in EIDL approvals and loan amounts recently, here's what you need to know.

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A Special Thank You To Skip's Supporters

We've passed some big milestones recently — including helping over 10,000 small business owners and entrepreneurs directly with personalized support — and we wanted to say THANK YOU! We grow by word-of-mouth and referrals (and our YouTube videos 😇 ). Whether you've left us a review, told

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New Grants and Funding Options In California, Nevada, and Utah

Are you a business owner in California, Nevada, or Utah? In this post, we will highlight a few options that are available to small businesses.

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How Much Have Business Owners Received in EIDL Funding?

Hundreds of thousands of small business owners and independent contractors around the US are still waiting for SBA EIDL loans to help them grow their business. As we recently reported, there's still around $100 billion still available [https://helloskip.com/blog/over-100-billion-in-eidl-funding-is-

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How to Check EIDL Approval with Cash Flow Calculator

Last week, we announced [https://helloskip.com/blog/breaking-heres-how-sba-loan-officers-make-eidl-decisions/?ref=SkipBlog] our Cash Flow Analysis Calculator for people who are awaiting EIDL funding decisions. In this post, we explain how to use the Cash Flow Analysis calculator, and what inputs may work,

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How To Apply for SBA EIDL Reconsideration (with Template)

Here is a template you can copy and customize to use as a starting point to email the SBA about EIDL loan reconsideration.

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SBA Gives EIDL Approval Tips in 1-1 Interview

We spoke with a senior policy advisor at the SBA on Friday October 1st to get in-depth answers to your most pressing EIDL questions. Here is the video interview, where our founder Ryder speaks with Veronica Pugin of the SBA. Plus, we give a brief outline of the range

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Quick Tips for EIDL Applications and Getting Approved

Here's a quick recap on how to get approved for EIDL loans of up to $2 million, whether you're a first time EIDL applicant, applying for EIDL reconsideration, or applying for an EIDL increase. Plus, we go over how to 10X your EIDL loan to grow

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Are You Eligible for a $10K EIDL Grant Based on Location?

The Small Business Administration (SBA) was allocated $30 billion to give out $10,000 grants for 9 months [https://helloskip.com/blog/how-to-get-10-k-grants-for-your-small-business/], but it may be coming to an end. Even though there is over $20 billion left to distribute,

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Step-by-Step Guide to New EIDL Loan Increase and Forms

Major changes to the EIDL program are now live. This post will break down the SBA EIDL portal changes and the forms you'll need to complete to borrow more than $500,000.

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Breaking: Major Changes in New EIDL Rules

An early draft version of the new SBA EIDL loan program rule changes was posted [https://www.federalregister.gov/public-inspection/2021-19232/disaster-loan-program-changes] today, as part of the expected "EIDL 2.0" update. The rules are set to go live officially on Wednesday September

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5 Reasons to Get EIDL 2.0 Personalized Support

The SBA has said they plan to finally announce new EIDL rules and loan limits [https://helloskip.com/blog/sba-plans-to-release-eidl-2-0-after-labor-day/?ref=SkipBlog] after Labor Day. According to sources, the new EIDL rules will change the current EIDL loan limit from $500,

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SBA Receives Tax Transcripts To Speed Up EIDL Loan Processing

In SBA Economic Injury and Disaster Loan (EIDL) news, the IRS has provided thousands of new tax transcripts to the SBA to help finalize pending EIDL loan increase applications. For the hundreds of thousands of small business owners still waiting for EIDL increases, this is big news. We go into

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2 Million EIDL Loan Limits Have Still Not Been Announced

This week, we expected the SBA to announce "EIDL 2.0" [https://helloskip.com/blog/exclusive-2m-eidl-loan-cap-go-live-details/?ref=SkipBlog], their latest version of the EIDL loan program to help millions of small businesses. This change to the disaster loan program is set

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What Are SBA EIDL Collateral Options for Loans Over $500K?

In anticipation of the SBA announcing [https://helloskip.com/blog/exclusive-2m-eidl-loan-cap-go-live-details/?ref=SkipBlog] "EIDL 2.0" on Monday August 16th, our team took a closer look at possible EIDL collateral options for new loans over $500,000. In this quick post,

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Here's How to Calculate your Potential EIDL Loan Increase

Good news for small business owners. The SBA increased EIDL loans to $2M. Find out how to calculate your potential increase.

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Exclusive: $2M EIDL Loan Cap Go Live Details

Today we've heard from multiple sources — with confirmed screenshots — that the SBA plans to launch "EIDL 2.0" the week of August 16th, which will allow for EIDL loans of up to $2 million, replacing the current $500,000 cap that has been in place since

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Investigative Report on SBA EIDL Loans

Last week, the Government Accountability Office (GAO) released a 100-page report [https://www.gao.gov/assets/gao-21-589.pdf] on the Economic Injury and Disaster Loan (EIDL) program, primarily recommending improvements in communication by the SBA to applicants and fraud-prevention measures. Here's a summary of

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New EIDL Loan Rules Posted by the SBA

The SBA has released its most comprehensive list of rules and FAQs on the COVID EIDL loan program to date. Below is a video run-through of important changes and updates in the document.

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Step-by-Step Guide On How EIDL Loans Are Being Approved Now

The SBA increased its capacity to process EIDL loans from under 2,000 per day to nearly 40,000 per day. In this article, we share exclusive information explaining how this occurred.

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Step-by-Step Guide To New Direct PPP Loan Forgiveness (+ Lender Request)

The SBA has launched their direct PPP loan forgiveness portal today. Over 500 lenders have already opted in. Below is a step-by-step video on how to apply for direct PPP forgiveness at directforgiveness.sba.gov [https://directforgiveness.sba.gov]. *If you want us to email your lender to

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Breaking: Targeted EIDL Grants Program Essentially Over

A bipartisan group of lawmakers in the Senate worked together over the weekend to detail the new $1 trillion infrastructure bill. The 2,702 draft text [https://www.epw.senate.gov/public/_cache/files/e/a/ea1eb2e4-56bd-45f1-a260-9d6ee951bc96/F8A7C77D69BE09151F210EB4DFE872CD.edw21a09.pdf] of the bill was released which

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Will Targeted EIDL Grants Open Up to More People?

For over 7 months, the SBA has had $20 billion to help eligible small business owners and independent contractors get $10,000 Targeted EIDL Grants. In the spring relief package, another $10 billion was added to this pot of money — along with an additional $5 billion for the $5,000