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

FAQ#: 370 published 8-6-2020

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

SBA will consider your request for an increase in the loan amount if you can show that the increase is essential for your business to continue and is based on events occurring after SBA approved your original loan which were beyond your control. For example, delays may have occurred beyond your control which prevent you from resuming your normal business activity in a reasonable time frame. Your request for an increase in the loan amount must be related to the disaster for which the SBA economic injury disaster loan was originally made.

Note: Your request for additional EIDL funding will come as a second EIDL loan and will be in paper format that the SBA will mail to you. Your first application processed by the Streamline Application page will not be used for your second loan. It will be all by email and US Postal mail.

Resource:
Page 15072 Federal Register/ Vol. 63, No. 60/ Monday, March 30, 1998/ Rules and Regulations.

 

Comment | Suggestion | Feedback

How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.

FAQ#: 460 published 1-13-2022 2 min. 50 seconds read

Read


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

FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read

Read


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

FAQ#: 403 published 8-6-2020 updated 12-31-2021 1 min. 54 seconds read

Read


FEMA Resource for Substantially damaged homes

FAQ#: 384 published 4-25-2021 updated 12-31-2021 1 min. 27 seconds read

Read


Insurance company issued a two-party check for hurricane damage repairs but my mortgage handler is holding the money from me. Why are they doing this?

FAQ#: 455 published 12-30-2021 3 min. 44 seconds read

Read


What is a labor broker and how do they work?

FAQ#: 450 published 12-13-2021 1 min. 25 seconds read

Read


What would you normally find on a Schedule of Liabilities form?

FAQ#: 274 published 8-5-2020 updated 12-11-2021 2 min. 2 seconds read

Read


What does FEMA Federal Cost Share cover and does my state have to agree to pay the cost share?

FAQ#: 461 published 9-22-2021 updated 12-11-2021 3 min. 57 seconds read

Read


Disaster Unemployment Assistance (DUA) for Independent Contractors, Self-Employed and others is coming to an end but don't stop filing if you are unemployed.

FAQ#: 260 published 8-11-2021 1 min. 19 seconds read

Read


SBA proposed to remove provisions that currently make faith-based organizations ineligible for certain SBA disaster loans and other loan eligibility issues determined to violate the Free Exercise Clause of the First Amendment to the Constitution.

FAQ#: 442 published 8-10-2021 5 min. 38 seconds read

Read