COVID-19 Economic Injury Disaster Loan

Notice: The SBA is no longer accepting new applications but will continue to accept requests for increases, reconsideration, and appeals.


As of January 1, 2022, the Small Business Administration (SBA) stopped accepting new COVID EIDL loan applications.  However, they will accept and review reconsideration and appeal requests for EIDL applications that were received on or before December 31, 2021.  

If you previously received an EIDL loan and want an increase, the SBA is accepting increase requests for up to two years after your loan origination date, or until the funds are exhausted, whichever is soonest.   

If you have applied for the EIDL loan, you know that the process can be overwhelming, time-consuming, and stressful.  In fact, thousands of small business owners around the country have not received the disaster loans the government promised them.  The program that offers relief to small business has been hobbled by delays, poor service, processing errors and confusion, leaving millions of applicants harmed by the COVID-19 pandemic waiting months for loans with little hope that the funds will ever come at all.  

We have significant experience in filing almost 700 applications and Reconsideration requests with the SBA's EIDL program.  When clients hire us to manage their EIDL process, they often ask, "What's the magic to the madness?"  There is no "magic" other than paying attention to details and not rushing through the process.  Obtaining a successful RESULT is mainly due to following a patient process, paying attention to detail when completing documents, and submitting them in an organized fashion. Most importantly is being persistent to push an application through a system that may fight you at every turn.  

The SBA declines EIDL requests for multiple and various reasons ranging from "Insufficient Credit" to "Unverifiable Information" to "Economic Injury Unsubstantiated.  Generally speaking, we have often found that the reason for a declination can be misleading and inaccurate. 


An applicant might have good credit scores with minor (or no) credit blemishes on their credit history, and yet are declined due to credit history.  Many are denied for unverifiable information which may vary depending on the issue such as: there may be a discrepancy on the original EIDL application or it could very well be the SBA Agent's inability to verify the existence of the business without being provided verification of the entity.

Yes, the SBA is an overwhelmed Federal bureaucracy.  With all its bureaucratic foibles and quirks, including the occasional malfunctioning systems and unclear, sometimes incompetent, messaging, we understand how easy it is to become frustrated, stressed out, and just want to give up on the process.  With that said, it can become even more overwhelming for the fact that you're not an expert in business loan applications, and likely don't fill out applications for business financing as part of your business practice.  

The best way to overcome the dysfunction of the SBA's processing system is to aspire to a level of perfection so that we give the SBA no reasons to decline your loan.  We have designed a process that does just this, and has been successful getting our clients the funds they were entitled to receive.  

We of course cannot guarantee success; however, because we are confident that we will greatly improve your chance of success, you don't pay us nothing unless we get you funded.