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🌟 [ 35 ]   SBA Lien on Your Business Due to EIDL Loan | Applying for Another Business Loan

( 1150 viewed : 36 like : 8 comments ) Having an SBA lien on your business due to eidl loan impacts how you approach applying for another business loan. How do you go about managing the process with the SBA? Chapters:
0:00 Misinformation by SBA reps
0:10 BIG MISTAKE: Taking action before contacting SBA
0:15 Conflicting information from SBA
1:00 Hardship & changes to your business
1:30 Going into default without knowing it
2:00 SBA isn't really organized
2:27 Flagging your file for fraud
2:38 Applying for another business loan
2:50 SBA Lien on your business
3:29 Asking for a subordination
4:04 Recent EIDL changes for Natural Disaster program ONLY

We suggest reading your loan agreement. But even with that, we've seen SBA change the rules on certain issues when business owners are making changes that are within the normal course of doing business.

Check out our LATEST BLOG with 17 questions and comments we address from various youtube videos and posts: [ 🔗 Click ‼️ ] OUR NEW MERCH STORE: [ 🔗 Click ‼️ ] TAB for Natural Disaster ALERTS:
[ 🔗 Click ‼️ ] WHO WE ARE

Trevor retired from Mortgage Banking in 2018. He brought the standards he developed in his mortgage financing career along with his customer service background with the once famous Crazy Eddie retail chain to assist business owners and entrepreneurs manage the day-to-day doldrums when it came to securing business financing before & during COVID.

In 2017, Linda Rey exited the insurance business and with Trevor, we launched Aurora Consulting, a Commercial Financing Brokerage to help entrepreneurs expand their enterprise with unique, cost effective business financing solutions.

When the pandemic hit, the business shut down as Lenders scrambled with the Paycheck Protection Program (PPP).

As true entrepreneurs do, Linda Rey and Trevor pivoted and sought to help business owners learn the fundamentals about business financing and how to apply for the SBA’s Economic Injury Disaster Loan (EIDL).

They had enough experience with how to apply for a business loan, so their knowledge helped to enlighten business owners who were navigating the very confusing EIDL process.

Aurora Consulting developed a national reputation assisting business owners all over the country and helped to secure over $70 million (that we know of) in disaster funding for small business owners.

Now we counsel when we can on our YouTube Channel to update business owners, applicants and borrowers how to secure business funding.

#EIDL #EIDLRepayment #PayEIDL #SBAPayment #PaySBA #SmallBusiness #COVIDEIDL #CAFSportal #paygov #NaturalDisaster #DisasterLoans #DisasterFinancing #BusinessFinancing #SBALoans #SBAEIDL #EIDLloans #SBAEIDLLoan #EIDLloanupdate #EIDLUpdate #SBALoans #businessloans #EIDLForgiveness [ 2023-08-21T23:08:10Z ] :flashminiupdate:2024-10-09

:::: Visit my YouTube channel @ Original Cr. ( [ 🔗 Click ‼️ ] )

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[35D] SBA Lien on Your Business Due to EIDL Loan | Applying for Another Business Loan [ World ]