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The SBA will provide you with the reason your application was declined. If you can refute this, you should outline why you want your application to be reconsidered in your letter. You'll also want to include any supporting documents that can strengthen your case like tax returns or revenue reports.
The SBA will provide you with the reason your application was declined. If you can refute this, you should outline why you want your application to be reconsidered in your letter. You'll also want to include any supporting documents that can strengthen your case like tax returns or revenue reports.
EIDL Reconsideration Can Take Several Weeks, Or Longer Thus, in total it can take about six weeks. However, many business owners have been in reconsideration for months, making it difficult to exactly pinpoint how long reconsideration can take. The important part is to apply for reconsideration as quickly as possible.
EIDL Loan Reconsideration TemplateClick here to email yourself the template.Open the email and click the link to open up the Document Template.Edit the document with your business information and situation specific information.Email pdcrecons@sba.gov with the letter, saved as a pdf, as an attachment.
A good reconsideration request will clearly summarize the SBA's reason for rejection, explain your reasoning for the reevaluation, and provide supporting documents to strengthen your proposal. Be sure to include your EIDL loan application number, the date you applied, your business name, and your contact information.