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Updated over 4 years ago,

User Stats

299
Posts
47
Votes
Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
47
Votes |
299
Posts

SBA - Any way to dispute the amount for EIDL Loan?

Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
Posted

Hi everyone,

I applied for the EIDL loan but unfortunately when I entered my losses in the application I put an amount projected for 1 month instead of the recommended 6 months? Well, I recently got my login for my EIDL loan and my heart when I saw the loan amount! basically I have 8 houses and I'm getting losses based for probably 1 house, maybe 2, I'm calling customer service and they're telling me that there's nothing I can do, they can't transfer me to a loan officer or anything. Does anyone know if  it's possible to re-asses the loan based on it's true need? The 1 month is really not much help I have 8 properties and desperately need to have my situation reviewed and hopefully get a bigger loan. Maybe any particular number?

Thank you!

  • Roy Gutierrez