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SBA | Update on the Targeted EIDL Advance

Michigan Business Network
April 20, 2021 7:00 AM

Effective immediately, applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov.

Applicants should follow these instructions when requesting a reevaluation:

  • Send an email to TargetedAdvanceReevaluation@sba.gov
  • Use the subject line “Reevaluation Request for [insert your 10-digit application number]
  • In the body of the email, include identifying information for the application such as application number, business name, business address, business owner name(s) and phone number
  • Important: Include an explanation and any documentation that addresses the reason for the decline, if available. SBA will contact applicants if additional documentation is required to complete the review.

Meanwhile, over the next few days, SBA's tech team and vendors will remain focused on testing the Shuttered Venue Operators Grant application portal; it did not reopen this recent weekend. The SBA is now aiming to reopen the portal by the end of this week.

We know this funding is urgently needed now and are doing all we can to reopen with the greatest amount of certainty as possible.

As we’ve shared, after our vendors fixed the root cause of the initial tech issues, more in-depth risk analysis and stress tests identified other issues that impact application performance. The vendors are quickly addressing and mitigating them and working tirelessly with our team so the application portal can reopen ASAP and we can deliver this critical aid.

We have and will continue to engage with stakeholders on the applicant experience and will continue to share updates regularly. For the most current updates, continue to check SBA’s Twitter feed. And, again, applicants will have advance notice so they can be best prepared.

For more information about the Shuttered Venue Operators Grant program, visit sba.gov/svogrant.

 

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Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

If this newsletter was forwarded to you, sign up to get it directly via  sba.gov/updates. Be sure to add your MI zip code to receive this Michigan-specific information.

Join us on Twitter (@SBA_Michigan) for information as it becomes available too.

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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

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Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.