3 Reasons EIDLs Were Sent to Treasury | Don't Let It Happen AGAIN
Published 2024-05-13
00:00 Introduction: Navigating SBA Loan Repayment Challenges
00:32 The Three Culprits: Communication, Technology, and Hardship Programs
02:35 Deep Dive into Communication Failures
07:43 Exploring Technology Hurdles in Loan Repayment
10:49 The Hardship Accommodation Program: A Double-Edged Sword
15:58 Concluding Thoughts and Solutions
๐ The content in any of Aurora Consulting's YouTube videos or this website shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
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During the pandemic, we assisted Small Businesses to obtain $100M in pandemic funding, primarily through SBA's COVID-19 EIDL program.
We provided hundreds of hours of free advice including free consulting calls and live YouTube Q&A sessions. We did our part to support the American Small Business community.
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Our expert guidebook "The SBA COVID-19 EIDL Guide" answers ALL your questions about the COVID-19 program from responsibilities to restrictions, from "Change of Ownership" to "Closing Your Business" to "Hardship Accommodation" and "US Treasury Default" and much, much more. You can purchase your copy of our guidebook here: www.auroraconsulting.biz/eidl-blueprint-series/
Natural Disaster Loan Application consulting. As per SBA guidelines, we charge a flat fee to prepare forms and supporting documents for a SBA natural disaster loan application or to respond to a declined/withdrawn loan application to help the Small Business Owner obtain the approval for which they are entitled. You can request our assistance by filling out a short information form by CLICKING HERE. www.auroraconsulting.biz/disaster-financing-consulโฆ
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1. We are no longer responding to comments on our YouTube videos. You can request our assistance through one of the two methods above.
2. If you make comments that are political, or that insult our expertise and our small business services we will immediately delete and BLOCK you.
๐. ๐ซ๐ถ ๐ต๐ถ๐ป ๐๐๐ ๐๐๐๐๐ ๐ฌ๐ฐ๐ซ๐ณ ๐ญ๐ถ๐น๐ฎ๐ฐ๐ฝ๐ฌ๐ต๐ฌ๐บ๐บ.
We ask that you respect our expertise and especially respect the time we have already contributed with our free videos, consultations and question and answer sessions during the pandemic. We are a Small Business just like you and we're working diligently to make a living just like you.
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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 of business financing and how to apply for the SBAโs 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.
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All Comments (3)
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Trevor got my 500K EIDL back to SBA from the Treasury. He found out the mistakes that SBA made and helped me navigate back to SBA. I am forever greatefull to Trevor & Linda. THANK YOU.
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I got two loans one went to the Treasury because of my fault. The second one never went to Treasury but I just went to check on the payment and it looked like my last payment never happened. Good thing is I still have 4 days to fix it. I'm really worried that I will have to go through treasury problems again in the future......
