eidl loan Featured Navigating SBA EIDL Loan Default: Understanding Your Options With the recent surge in defaults on Small Business Administration (SBA) Economic Injury Disaster Loans (EIDL), it's crucial for borrowers to understand what happens when they default, the implications of being sent to the Treasury department, and their available options. This post aims to provide a concise guide
eidl payments EIDL Hardship Accommodation Can Be Extended The SBA has confirmed that it's possible to extend the EIDL "Hardship Accommodation" which temporarily reduces the payment amount for EIDL borrowers. For small business owners and entrepreneurs who received EIDL loans and are still facing difficulties with their business cash flow, this is a great
eidl payments Featured How To Lower Your EIDL Payments In Pictures Are you looking to lower your COVID EIDL payments temporarily to free up cash flow for other parts of your business? Here's an important post on how to lower EIDL payments step-by-step and why more businesses are considering this option. A recording of our members-only
eidl repayment Featured How to Pay and Save on Your EIDL Loan in 3 Quick Steps Are you one of the 4 million Americans who received an EIDL loan from the SBA over the past 2 years? The 30 months of EIDL deferment is coming to an end for many and most borrowers have not set up payments. Here's how to quickly find your
eidl loan Featured SBA Sends EIDL Program Update On Wednesday April 20, the SBA sent existing EIDL borrowers an email updating them on important EIDL loan increase and EIDL repayment information. Here's the recap of the email with screenshots below, especially important if you're an existing SBA borrower. EIDL Funding Is Indeed Running Out
eidl Featured 7 Legitimate Ways to Use Your EIDL Funds With the new EIDL guidelines, businesses are able to use EIDL funds for various purposes. Here are seven legitimate ways to use your EIDL funds once you are approved.
eidl Featured $3.7 Billion in EIDL Funds Went To Potentially Ineligible Businesses Tuesday, the Office Of Inspector General (OIG) issued a memorandum to the SBA, reporting that nearly $3.7 billion in Covid EIDL funds went to "potentially ineligible recipients."
eidl Featured EIDL For Sole Props and Ind. Contractors: Everything You Need to Know Sole proprietors and independent contractors can apply for the EIDL program as well. If you are or know a sole proprietor or independent contractor that is interested in the EIDL program, this article is for you.
eidl Featured 7 Necessary Steps To Take After Receiving Your EIDL Loan Whether you have received your funds or are still waiting, what you do once you receive your EDIL loan is critical. Here are seven necessary steps to take once you get your money.
eidl Featured SBA Begins Approving EIDL Loan Increases Over $500K The SBA will begin approving loans over $500K today, but a recent survey indicates that many businesses are still waiting for their loan below $500K. Here's what you need to know.
eidl Featured EIDL Loan Increases Over $500K Already Being Denied Decisions on increases above $500K were to be postponed until October 8, 2021, but businesses are already being denied. Here's what you need to know.
eidl Featured 6 Common Misconceptions About The EIDL Program The changes made to the EIDL program have left some confusion. Here, we will address seven common misconceptions about the EIDL program and what you cannot use the funds for.
eidl loan Featured 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.
eidl loan Featured 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
eidl Featured 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
small business Featured How to Claim the EIDL and PPP Data For Your Business Use the search tools on Skip to verify and claim your publicly available PPP and EIDL data. Here's how to do it step-by-step.
eidl loan increase Featured 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.
eidl loan increase Featured 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
eidl loan increase Featured 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,
eidl Featured 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
eidl Featured 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
eidl loan increase Featured 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.
eidl loan increase Featured When Will The SBA Increase the EIDL Limit to $2 Million? The SBA has repeatedly said that they are working to raise the limit to $2 million. Here's when it could happen.
eidl loan increase Featured SBA Releases EIDL Loan Increase Backlog Data In a follow-up briefing this morning, the SBA released additional information regarding the EIDL loan increase total backlog, the average loan applications reviewed per day, and the average EIDL loan reviews per day by each loan officer. We've unpacked all the new information in today's
eidl loan Featured SBA Gives Date for All EIDL Loan Increase Decisions The SBA EIDL loan increase process improves—how many applications are being reviewed each day, and when applicants can expect to hear back.
