Virgin Islands Corporate Resolution for SBA Loan
Description
How to fill out Corporate Resolution For SBA Loan?
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FAQ
How do I see my balance, due date, funding date, interest rate or other loan details? This information can be found by logging into the SBA Capital Access Financial System (CAFS).
If your application for a COVID-19 Economic Injury Disaster Loan (EIDL) was declined, you have up to six months to reapply. This program offers working capital loans of up to $2 million with a repayment term of 30 years at 3.75% for small businesses.
Contact customer service to check on status at 1-800- 659-2955 (1-800-877-8339 for the deaf and hard of hearing) or DisasterCustomerService@sba.gov.
Applicants with a declined, existing COVID application can request a reconsideration by sending an email to pdcrecons@sba.gov or to pdc.reconsideration@sba.gov. They should submit their request and attachments only once, unless we request they re-send it.
According to the SBA, the average reconsideration wait time is four weeks but can take up to six weeks. Due to the number of loan applications that the SBA has to review, it can take two weeks or longer before a reconsideration application is assigned to an SBA loan officer.
Your reconsideration request should be emailed to pdrecons@sba.gov or mailed to: U.S. Small Business Administration Disaster Assistance Processing & Disbursement Center 14925 Kingsport Road Fort Worth, Texas 76155 Be sure to include: Your application number.
If your business meets the eligibility criteria and your original application was declined, you may request Targeted EIDL Advance reevaluation by emailing targetedadvancereevaluation@sba.gov. Please include documentation that demonstrates your eligibility for the Targeted EIDL Advance program.
Businesses that receive a denial for their SBA loans can file an appeal directly with the Small Business Administration's Office of Hearings and Appeals, as long as it is filed within 45 days of receiving the denial.
We accept appeals by email at ohafilings@sba.gov or fax at 202-205-7059. Appeals sent to other email addresses and other fax numbers are not formal filings. We also accept appeals via the Hearing and Appeals Submission Upload (HASU) Application.
Your reconsideration request should be emailed to pdrecons@sba.gov or mailed to: U.S. Small Business Administration Disaster Assistance Processing & Disbursement Center 14925 Kingsport Road Fort Worth, Texas 76155 Be sure to include: Your application number. Business name. Borrower's name.
