3 Proven SBA EIDL Reconsideration Letter Templates

Template 1: Standard Formal Request

[Your Name]
[Your Business Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

Small Business Administration
Office of Disaster Assistance
[SBA Office Address]
[City, State, ZIP Code]

Subject: Request for Reconsideration of SBA EIDL Application Decision

Dear Sir/Madam,

I am writing to formally request a reconsideration of the decision made regarding my SBA Economic Injury Disaster Loan (EIDL) application (Application Number: [Your Application Number]). I respectfully believe that the initial decision may have overlooked crucial aspects of my business’s eligibility and current financial challenges.

To clarify my situation, please find the following points outlined below:

1. Financial Hardship: I have experienced significant revenue decline due to [explain how the disaster impacted your business]. Enclosed are updated financial statements and cash flow analyses demonstrating the hardships we are facing.
2. Documentation and Verification: Attached, you will find additional documents, including tax returns, bank statements, and a detailed business plan outlining recovery strategies. I believe these documents provide further support for my eligibility.
3. Commitment to Recovery: My business is actively working on recovery efforts. We have implemented cost-cutting measures, and our projections show a path to stabilization and growth with the necessary financial support.

I respectfully ask that you review the enclosed documentation and reconsider my application. I am available to provide additional information or clarification if needed, and I appreciate your time and understanding during these challenging times.

Thank you for your attention to this matter. I look forward to a favorable response.

Sincerely,

[Your Signature (if mailing)]
[Your Name]
[Your Title]

Template 2: Detailed Financial Hardship Emphasis

[Your Name]
[Your Business Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

Small Business Administration
Office of Disaster Assistance
[SBA Office Address]
[City, State, ZIP Code]

Subject: SBA EIDL Application Reconsideration Request – Emphasis on Financial Hardship

Dear [SBA Officer/Review Team],

I respectfully submit this letter to request a reconsideration of the SBA EIDL application decision for my business (Application Number: [Your Application Number]). I believe that a more detailed examination of my current financial situation will justify the need for the economic relief provided by this program.

Key points include:

• Severe Impact on Revenue: The recent disaster resulted in an [X%] drop in revenue. Enclosed, you will find detailed financial reports and bank statements that clearly outline the loss.
• Cost-cutting and Recovery Measures: We have proactively reduced expenses and renegotiated contracts to remain viable in this challenging economic climate. A revised budget and recovery plan are attached for your review.
• Updated Financial Projections: Based on current trends and recent efforts to stabilize operations, I have included updated cash flow forecasts that indicate a potential rebound should additional capital be provided.

I am confident that a detailed reassessment of my application with the enclosed documents will demonstrate our need for continued financial support during this recovery phase. I am grateful for the SBA’s support during these unprecedented times and am willing to provide any further documentation or information required.

Thank you for your consideration. I look forward to a reassessment that reflects my business’s true financial condition.

Sincerely,

[Your Signature (if mailing)]
[Your Name]
[Your Title]

Template 3: Follow-Up and Additional Documentation Focus

[Your Name]
[Your Business Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

Small Business Administration
Office of Disaster Assistance
[SBA Office Address]
[City, State, ZIP Code]

Subject: Request for Reconsideration and Submission of Additional Information – SBA EIDL Application

Dear [SBA Officer/Review Committee],

I am writing to request a formal reconsideration of the decision regarding my SBA EIDL application (Application Number: [Your Application Number]). In response to the initial assessment, I have compiled additional evidence and documentation which I believe will address any concerns and substantiate the need for further economic assistance.

Enclosed, please find the following supplementary materials:

1. Revised Financial Documents: Updated income statements, balance sheets, and cash flow projections illustrating the severe impact the disaster has had on our operations.
2. Detailed Recovery Plan: A comprehensive strategy outlining both immediate cost-saving measures and long-term plans to restore stability and growth.
3. Supporting Correspondences and Agreements: Recent correspondences with vendors and service providers detailing renegotiated terms that align with our recovery efforts.

I understand the challenges of evaluating numerous applications; however, I sincerely believe that these additional documents will provide a clearer picture of the financial distress and the proactive steps taken by my business. I am eager to discuss any aspects of this case in further detail and can be reached at [Your Phone Number] or [Your Email Address].

Thank you for your reconsideration and continued support. I look forward to a favorable reevaluation of my application.

Sincerely,

[Your Signature (if mailing)]
[Your Name]
[Your Title]

Each of these templates is designed to be thorough yet adaptable. Adjust the language, figures, and details as needed to ensure your letter accurately reflects your business’s circumstances and the additional evidence you wish to present.