Statement that the owner is authorized to accept the EIDL on behalf of the company. In this video, I talk about an EIDL Loan Update regarding additional requests that the SBA is making of SBA EIDL Loan recipients.SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. This Resolution of Board of Directors template can be used for the documentation needed to obtain SBA loan forgiveness (EIDL and PPP). Small Business Administration (SBA) loans are the crème de la crème of borrowing. FBRS is also requesting a preapproval to purchase real property located in the San Pedro area of Los Angeles County. The President or a Director, should fill out the EIDL application. In addition, 15 other individuals pled guilty to their involvement in the loan fraud scheme. Struggling small business or personal guarantors of an SBA loan can take advantage of the new Chapter 11 Subchapter V bankruptcy procedures. In the years before the COVID19 pandemic, ASPR began restructuring the PHEMCE.