Sample EIDL Application Reconsideration Email: Tips and Tricks to Increase Your Chances of Approval

Dear readers,

If you’re a small business owner, you know the importance of securing funding during uncertain times. That’s why the Economic Injury Disaster Loan (EIDL) program, offered by the Small Business Association (SBA), has been a lifeline for many entrepreneurs since the start of the COVID-19 pandemic.

However, sometimes even after submitting an application, things may not go as planned. Perhaps you were denied for eligibility issues or the loan amount wasn’t enough to cover your expenses. The good news is that the SBA offers applicants the opportunity to submit a reconsideration email, which may increase your chances of approval.

In this article, we’ll discuss the steps to take when writing a sample EIDL application reconsideration email. We’ll provide examples that you can use as templates or edit as needed. Whether you’re new to the EIDL program or have already applied, our sample email can help you advocate for your business and secure the funding you need.

So, if you’re ready to learn how to write an effective EIDL application reconsideration email, keep reading!

The Best Structure for a Sample EIDL Application Reconsideration Email: A Tim Ferris-Inspired Approach

Over the years, American entrepreneur and bestselling author Tim Ferris has shared his tips and tricks for effective communication, whether it’s writing emails, pitching ideas, or negotiating deals. One of the key principles he stresses is the importance of getting straight to the point, and this is especially true when it comes to writing an email requesting reconsideration for a denied EIDL (Economic Injury Disaster Loan) application.

Before we dive into the structure, let’s briefly touch on the content of the email. Essentially, you want to explain why you feel the original decision was mistaken or unfair, and provide any additional details or documentation that could potentially change their minds. Keep your tone polite and professional, and avoid any emotional pleas or accusations.

Now, onto the structure. Ferris recommends a “top-down approach”, starting with the most important information and ending with the least. This means that your email should begin with a clear and concise statement of your request:

Subject: Request for EIDL Application Reconsideration

Dear [Name of SBA Representative],

I am writing to respectfully request that you reconsider the decision to deny my EIDL application, submitted on [Date].

This straightforward opening sets the tone for the rest of the email, and immediately lets the recipient know what you’re asking for. From there, Ferris suggests including “proof elements”, or bullet points that support your case. These should be brief and to the point, ideally no more than 3-4 sentences each:

– Provide details about your business and its relevance in the community.

– Explain how the economic hardship has affected your business.

– Describe the steps that you have taken or plan to take to mitigate any damage to your business.

– Provide any additional documentation that may support your request.

After you’ve presented your case with bullet points, you can then include any additional details or explanations that might be relevant, but not necessarily critical to your request:

Thank you for considering my request and for your time. I believe that the additional information provided in this email may change the outcome of my EIDL application and I am happy to answer any questions or provide further documentation as needed. I appreciate your attention to this matter and hope for a positive outcome.

Best regards,

[Your name]

As Ferris reminds us, keeping things brief and straightforward is key, especially when dealing with business communications like EIDL application reconsiderations. By following this simple “top-down” structure, you can increase your chances of a positive outcome, and show that you are respectful of the SBA’s time and effort in reviewing your request.

7 Samples of EIDL Application Reconsideration Email

Reconsideration Request Due to Denial Based on Credit Score

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application. I received a denial notice based on my credit score, but I would like to provide additional information that might support my eligibility for the loan.

First and foremost, I would like to explain that my credit score was impacted by a medical emergency that my family experienced last year. We had to incur unexpected healthcare expenses, which put a strain on our finances. However, we have since taken steps to improve our credit by paying off outstanding debts and establishing positive payment histories.

I hope that you will take this information into consideration and review my application again. I believe that my business could benefit greatly from the EIDL loan, and I am committed to using the funds responsibly.

Thank you for your time and attention.

Sincerely,

[Your Name]

Reconsideration Request Due to Insufficient Information Provided

Dear [Lender Name],

I am writing regarding my EIDL application, which was recently denied due to insufficient information. I understand that my application may have been incomplete, and I would like to provide additional information that might support my eligibility for the loan.

I have attached all the required documentation with this letter, including my financial statements, tax returns, and other supporting documents. I hope that this information will help you make a more informed decision about my loan eligibility.

Furthermore, I have reviewed the terms and conditions of the EIDL loan and I am willing to comply with all the requirements and regulations. I believe that my business could benefit greatly from the loan, and I am committed to using the funds responsibly, as outlined in my application.

Thank you for your time and attention.

Sincerely,

[Your Name]

Reconsideration Request Due to Lack of Collateral

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application. As per the notification I received, my application was denied due to a lack of collateral.

While I understand the importance of collateral, I would like to request that you review my application again based on other factors, such as my business plan, cash flow projections, and current market conditions. I believe that my business has the potential to grow and succeed, and the EIDL loan would play a critical role in achieving this goal.

I am willing to provide additional information or seek alternative financing options, as necessary, to support my application. I hope that you will consider my request and review my application again.

Thank you for your time and attention.

Sincerely,

[Your Name]

Reconsideration Request Due to Error in the Application Processing

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application. I received a denial notice, but I believe that there was an error in the processing of my application.

I have reviewed my application, and I am confident that all the information and documentation provided were accurate and complete. Therefore, I would like to request a review of my application to address the possibility of any errors made during the process.

I understand that mistakes can happen, and I hope that my request will be considered to rectify the issue and potentially qualify for the EIDL loan. I look forward to hearing back from you and addressing any questions or concerns that you may have.

Thank you for your time and attention.

Sincerely,

[Your Name]

Reconsideration Request Due to COVID-19 Impact on the Business

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application. While I understand the strict policies and protocols for approving loans, I would like to highlight the impact of the COVID-19 pandemic on my business.

Like many other businesses, my business has suffered significant financial losses due to the pandemic, and the EIDL loan would be instrumental in keeping my doors open and maintaining my staff. I believe that my business has a viable plan to recover and grow once the pandemic is over, but I need the EIDL loan to meet my immediate financial needs.

I hope that you will take this information into consideration as you review my application. I am willing to provide more details or evidence to substantiate my claim if needed. Thank you for your consideration.

Sincerely,

[Your Name]

Reconsideration Request Due to Miscalculation of Financial Figures

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application. After reviewing the notice of denial, I have discovered that there may have been an error in the calculation of my financial figures.

As a result, I would like to request a review of my application with the correct financial figures to determine my eligibility for the loan. I am confident that the corrected financial data will show that I am qualified for the EIDL loan and that my business can benefit greatly from the funding.

Thank you for your attention to this matter, and I look forward to hearing back from you regarding the next steps in the application process.

Sincerely,

[Your Name]

Reconsideration Request Due to Ineligibility for Other Forms of Financing

Dear [Lender Name],

I am writing to request a reconsideration of my EIDL application, which was recently denied. As per the denial notice, I was not eligible for other forms of financing such as credit cards, personal loans, or SBA loans.

However, I am writing to explain that my business does not qualify for these forms of financing due to the type of industry I work in. I operate a niche business that requires specialized equipment and highly skilled professionals, which limits my ability to seek funding from conventional sources.

I am requesting a review of my application to acknowledge my unique situation and the potential benefit of the EIDL loan to my business. I am willing to provide more information to support my case and answer any questions or concerns that you may have.

Thank you for your attention to this matter.

Sincerely,

[Your Name]

Tips for Writing a Compelling EIDL Application Reconsideration Email

When submitting an Economic Injury Disaster Loan (EIDL) application, it can be disheartening to receive a denial letter. However, it doesn’t necessarily mean that all hope is lost. By submitting a reconsideration request, you have another opportunity to explain why you believe you are eligible for the loan. Here are some tips to help you craft a persuasive EIDL application reconsideration email:

  • Address the reason for denial: Take the time to understand why your application was initially denied before proceeding with the reconsideration request. This will help you address the specific reason(s) for the rejection in your email. Be sure to explain how you have taken steps to correct any issues.
  • Provide additional documentation: Your original application may have lacked the necessary documentation to support your request. Include any new or missing documentation in your reconsideration email. This can help provide a clearer picture of your business’s financial situation and demonstrate your need for assistance.
  • Explain how you plan to use the funds: The SBA wants to know how the loan will be used to assist your business. Provide a detailed explanation of how the funds will be used, and how this will help to preserve jobs or otherwise support your business’s future financial health. Be specific in your request and detail how the additional funding will help your business recover from the economic injury.
  • Be professional and respectful: Though it might be difficult, it’s always important to remain professional and courteous when communicating with the SBA. Keep your email straightforward and concise, and avoid making emotional appeals. The more objective and factual your email, the more likely you will be to secure funding.
  • Follow up: If you haven’t heard back from the SBA within a reasonable time, you may need to follow up. A phone call or email to the SBA will help keep your application top-of-mind, and show that you are committed to resolving any issues and gaining approval for the loan.

By applying these tips, you can create a persuasive email that emphasizes your business’s eligibility and need for EIDL funds. The key is to remain focused, stay within the SBA guidelines, and provide as much supporting documentation as possible. Hopefully, with the right approach, you will be able to convince the SBA to reconsider its original decision and approve your EIDL loan request.

Frequently Asked Questions about Sample EIDL Application Reconsideration Email


What is a sample EIDL application reconsideration email?

A sample EIDL application reconsideration email is a document that can be used as a template for requesting reconsideration of an Economic Injury Disaster Loan (EIDL) application that has been denied or deemed ineligible.

Why would I need to write a reconsideration email for my EIDL application?

You may need to write a reconsideration email for your EIDL application if it has been denied or deemed ineligible due to errors or incomplete information, or if you believe that the decision was made in error.

What should be included in the reconsideration email?

The reconsideration email should include your name, address, contact information, and a clear and concise explanation of why you believe the decision to deny or deem the application ineligible was incorrect or unjustified.

How should I format the reconsideration email?

The reconsideration email should be formatted as a formal business letter, with clear and concise language, appropriate formatting, and no spelling or grammatical errors.

Who should I address the reconsideration email to?

The reconsideration email should be addressed to the EIDL Program Director or Administrator who made the decision on your application, or their designated representative.

How long should I wait before sending a reconsideration email?

You should wait until you receive a formal notice of ineligibility or denial from the EIDL Program before sending a reconsideration email.

What are some common reasons for denial or ineligibility of EIDL applications?

Some common reasons for denial or ineligibility of EIDL applications include incomplete or inaccurate information, insufficient proof of economic injury, failure to meet eligibility requirements, and failure to provide required documentation.

What should I do if my reconsideration email is also denied?

If your reconsideration email is also denied, you may have the option to appeal the decision to the Small Business Administration’s Office of Hearings and Appeals.

Is there a timeframe for submitting a reconsideration email?

Yes, there is a timeframe for submitting a reconsideration email which is within six months from the date of the original application denial.

Thanks for Reading!

I hope this sample EIDL application reconsideration email has been helpful to you. Remember, if you find yourself in need of requesting reconsideration, remain patient and persistent with the SBA. And as always, stay connected with our website for future updates and articles. Thanks for visiting and we hope to see you here again soon!