Paycheck Protection Program deducts as a Duplication of Benefits the EIDL Emergency Grant amount.

SBA_EIDL / 8-6-2020 / File # 320

Paycheck Protection Program deducts as a Duplication of Benefits the EIDL Emergency Grant amount.

Budget your spending of your EIDL Advance which is a Grant and also considered an;

(6) Unemployment grant

"If an applicant that receives an advance under this subsection transfers into, or is approved for, the loan program under section 636(a) of this title, the advance amount shall be reduced from the loan forgiveness amount for a loan for payroll costs made under such section 636(a) of this title."

(Rules change so often it takes a village to keep up.)

https://uscode.house.gov/view.xhtml?path=/prelim@title15/chapter116&edition=prelim

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I was denied for EIDL SBA loan and was notified by an email. The reason stated was "Not eligible due to character reasons". I have 90 days to request for reconsideration, what should I submit and what is the effective way to dispute it?

SBA_EIDL / 1-27-2021 / File # 253

I was not told why my SBA EIDL was declined. Does the SBA send a reason code or declined reason by letter?

SBA_EIDL / 11-30-2020 / File # 447

Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

SBA_EIDL / 4-23-2020 / File # 235

8.2 LOAN DECREASE AND CANCELLATION

SBA_EIDL / 8-6-2020 / File # 389

123.303 How can my business spend my economic injury disaster loan?

SBA_EIDL / 8-6-2020 / File # 388

SBA EIDL Ineligible Uses of Loan Proceeds

SBA_EIDL / 8-6-2020 / File # 396

Borrower may not use an oral statement of SBA to contradict or alter the written terms of this Note.

SBA_EIDL / 8-6-2020 / File # 401

SBA EIDL and PPP Bookkeeping and Record keeping requirements.

SBA_EIDL / 8-6-2020 / File # 399

Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.

SBA_EIDL / 8-6-2020 / File # 403

May I request an increase in the amount of an economic injury loan?

SBA_EIDL / 8-6-2020 / File # 370