SBA EIDL 2024 Video Guide

SBA EIDL 2023 Loan Guide is a comprehensive step by step video guide to help you through the process of obtaining your FAST TRACK working capital loan up to $2 MILLION DOLLARS in less than 30 days! This guide also includes required document templates and guidance to make this process super simple!

This guide will cover the following topics:

• What is a NON-COVID EIDL loan?
• COVID EIDL vs NON-COVID EIDL
• Eligibility Requirements
• Getting approved with bad credit
• Disaster Impact Overview & Loan Usages
• How the loan amount is determined
• Application Process (Live Tutorial)
• EIDL Supporting Documents
• Loan Approval & Closing
• Funding Process & Repayment Terms

SBA EIDL 2023 Loan Guide has multiple variations to provide direct step by step guidance for the following categories:

Small Business Edition Includes:

• Gig Workers (Ex. Uber Driver or any independent contractor 1099 role)
• Sole Proprietors (Self-employed Individuals who do not operate as an LLC)
• Small Businesses (LLC, Corporations, etc.) (Must be 1+ years old and currently in operation)

Here are the most FAQ asked to determine eligibility:

• Can I apply if I already have an SBA loan? YES.
• Can I apply for more than one disaster? YES. You can apply for disaster assistance for all declared disasters that you were impacted by.
• Do I need tax returns? If you are an established business, YES. Personal tax returns for 2021 and 2022 will be requested by SBA. If you have not filed, be prepared to provide an explanation. This guide contains updates or 2023 taxes as it relates to disaster funding.
• Is there a minimum credit score? This information is not provided, however, the lowest case study approval credit score is 519. In addition to this, the eligibility requirements on the SBA website states the following: EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere.