Decline Code 33 Not eligible because the applicant is not a small business.
Decline Code 33 Not eligible because the applicant is not a small business.
(NOTE: Use only for EIDLs.)
Federal law limits Economic Injury Disaster Loans (EIDL) to small businesses only. To be eligible for an EIDL, an applicant must not exceed the SBA size standard for its industry. For different industries, size standards are measured by either revenues or number of employees. The test is applied to the industry in which the applicant alone is primarily engaged. Additionally, if the applicant has any affiliates, it is also applied to the industry in which the applicant together with its affiliates is primarily engaged.
Based on our analysis of the information you provided, the business activity is (insert NAICS BUS Activity) and the primary activity is (insert NAICS Primary Activity). As a result, (insert Applicant Name) does not meet the requirement to be a small business for this purpose. If you disagree with our decision, you may request a formal size determination by completing the attached SBA Form 355.
Resource: SBA SOP 50 30 8
Research based learning
"Providing resource supported answers."
I was not told why my SBA EIDL was declined. Does the SBA send a reason code or declined reason by letter?
Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)
8.2 LOAN DECREASE AND CANCELLATION
123.303 How can my business spend my economic injury disaster loan?
SBA EIDL Ineligible Uses of Loan Proceeds
Borrower may not use an oral statement of SBA to contradict or alter the written terms of this Note.
SBA EIDL and PPP Bookkeeping and Record keeping requirements.
Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.
May I request an increase in the amount of an economic injury loan?
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HUD CDBG-DR Grant Denied?
Did your state inform you that you qualify for federal assistance only to later deny you assistance based on state created policy or procedure? Is your home listed as being in one of the most impacted areas? Do you have proof your state accepted you into the federally funded HUD CDBG-DR grant program? Contact us about your experience.
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