EIDL Loan Application Process for Individuals, Small Businesses and Realtors®. April 15, 2020 we walked applicants through a 13-step process on how to complete the Economic Injury Disaster Loan application. We discussed everything from what to do if you applied for other loans, to how to determine the loan amount, exclusions, unemployment and more.
1:20 Where to file
3:31 Step 1: Getting started
5:18 Step 2: Eligible Entity Verification
6:05 Step 3: Business Information
8:35 Step 4: Gross Revenue for the 12 month period before the disaster
12:40 Step 5: Business Location Information
12:50 Step 6: Business Entity Dates & Information
16:45 Step 7: Individual Owner/Agent(s) Information
20:02 Step 8 & 9: Personal Information for US Citizens & Non-US Citizens
22:22 Step 10: Criminal Activity
23:00 Step 11: Application Completion Assistance Information
24:05 Step 12: Distribution information
24:58 Step 13: Authorizations
26:50 Additional Requirements
Q&A
27:45 Entered wrong info? Can I amend my application?
29:05 What should the funds from this loan be used for? Real Estate agents with customers canceling closings and purchases.
32:35 What if I have multiple businesses?
35:35 When does the loan have to be paid back?
36:30 What if I applied for other loans already?
38:02 How do you determine loan amount?
39:35 How do we sign up for future webinar?
41:19 Where do I put my operating expenses?
45:02 Can EIDL be used for payroll?
46:43 What are included in operating expenses?
48:26 Relationship between EIDL and unemployment.
49:44 How to show how money was spent?
51:50 Rapid Fire Q&A and where to find more info.
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