How long reconsideration request

Character Reasons Another reason you might be denied an EIDL loan if you have a felony on your record in the past five years. If you were denied for any of these reasons, any bid for EIDL reconsideration will probably also be denied. You have up to six months after being denied for an EIDL loan to file for a reconsideration.

Your reconsideration request should be emailed to pdrecons sba. The SBA will process your request and may ask for additional information. How Long Does Reconsideration Take? You can expedite your request by making sure you provide everything above and give clear information on why you should be approved for an EIDL loan. A reconsideration request is your opportunity to rectify that omission. I received notice that my application was denied on [date] for [economic injury not substantiated].

Thank you for your consideration. Should you need additional information, you can reach me here: [phone, email, address] Sincerely [full name] The Takeaway If you can provide evidence that you should be eligible for an EIDL loan, your EIDL reconsideration may be well worth the legwork. We do not provide, endorse, or guarantee any third-party product, service, information or recommendations—and our opinions are our own.

For example, you might not have included important information in your application that would have proven your qualifications. Asking for a reconsideration could be your opportunity to provide additional details to support your case for getting the funds you need. How Does the Reconsideration Process Work? Common Reasons for Applications Being Declined There are a few reasons that your application might have been declined. These include: You have an unsatisfactory credit history or low credit score.

Some information was not available. The business owner s are not U. The type of business is Ineligible. You failed to respond. This is because it is only after a reconsideration has been turned down may a claimant request a Social Security Disability or SSI hearing before an administrative law judge.

Social Security hearings, statistically, offer a better than sixty percent chance of being awarded disability benefits. And the chances of receiving a disability award letter following a hearing increases substantially when able social security representation is involved.

Note: claimants who are denied on their disability application should file their reconsideration as quickly as possible. Social Security always gives a claimant sixty days in which to get an appeal submitted. However, this appeal and any appeal, really should be filed as soon as possible.

Most of the casework for the reconsideration has already been completed at the application phase. However, the medical records that have been gathered are aging in the file. What do we mean by this? SSA the social security administration requires that at least some medical evidence in the file must be no older than 90 days.