Know SBA EIDL loan approval denied reason and how to take solutions and apply for reconsideration.

1. Money Man 4 Business
SBA EIDL Reconsideration Program
https://moneyman4business.com

2. What is EIDL Reconsideration?
A reconsideration request is your opportunity to apply once again if your
SBA EIDL loan application was denied. This is a formal written request for
a reconsideration of my application for a COVID-19-related EIDL loan. You
still have an opportunity to submit an explanation, provide updated
information utilizing SBA & IRS forms. Request your application to be
reviewed again.
There are many reasons your EIDL loan application may have been
denied. It could be that your application was not filled out properly (maybe
you didn’t calculate EIDL loan amount correctly), Or maybe you didn’t
have adequate collateral or you weren’t running an qualify business. But
in some cases, you may still be able to prove that you are eligible with
supporting documentation. There is a process in place for COVID-19 EIDL
reconsideration, so it’s important to know exactly what you need to do.
Being prepared may help increase the odds that your SBA EIDL
reconsideration application will be approved.

3. Reasons for denial of SBA EIDL loan
1) Your business is brand new.
2) You have a low credit score.
3) You don't have enough collateral.
4) High or low debt utilization.
5) Poor cash flow.
6) You Operate an Ineligible Business.
7) You need to ask for more.
8) Incomplete application or missing
documents.

4. How Money Man 4 Business Can
Help You?
Economic injury is not substantiated
When an applicant applies for SBA Economic Injury Disaster Loan, the economic injury
is not substantiated based on the initial application. On the basis of information
provided by you on your loan application, it has been determined that your economic
injury cannot be substantiated. The decision has been arrived on the basis of the
following two reasons.
The economic injury faced by you is less than the amount received from EIDL advance.
Based on this, SBA cannot substantiate any additional claim at this point in time.
Because of information provided by you, SBA cannot determine any economic injury to
your business.
Many applicants did not seek professional or experienced help completing the
application & incorrect figures were used on the initial application.
Resolution: Money Man 4 Business can request your application to be reconsider for
up to $150,000 which is the current CAP amount for SBA EIDL loans. If your figures
were reported incorrect. Money Man 4 Business will revise any portion of the
application that may had been incorrectly report at the initial application.

5. Unsatisfactory Credit History
If you had late payments in the past and might be caused by you are struggling with low
cash flow, reduced business revenue because of the Pandemic or you made all
payments on time but you are over leveraged because you have depend on your
personal credit to support your business cash flow requirements.
You can submit your current Experian Credit report to Money Man 4 Business. We will
review the entire Credit report with you and develop narrative report to explain how
problems & economically issues in the past has hurt your credit while you were building
your business. In the past 10 years in the US Business Owners has been depending on
personal credit & financing that has taken away from the business profit margins. We
recommend you obtain current credit report for only $1 from the LINK below. After you
submit the Current Experian credit report. We will review in detail with you and help
compose narrative report that we will submit on your business behalf for your
application to be reconsidered for SBA EIDL loan. Link to IQ:
https://www.identityiq.com/sc-securepreferred.aspx?offercode=4311491X

6. Unverifiable Information
When the SBA did certain types of verification of various data of information
regarding the Legal Entity. Certain Information could not be verified such as
Business Banking Information, Your Federal EIN, Legal Entity Status, Taxes or
other financial Information could not be verified.
We have list of various items to use to verify Business Financial & Entity
information. That information is submitted using IRS & SBA required Government
forms. The process is managed by our SBA Specialist Team to ensure compliance
and accuracy. The most consumed time currently is ordering the Business prior
years Federal Tax return information. Files are getting funded. Patience and
Accuracy is important, Money Man 4 business has the knowledge.

7. Please Contact
888.88.CASH.1 ext: 0 (888.882.2741)
Cash@moneyman4business.com

8. Thanks
Visit
www.moneyman4business.com