Case Study: Natalie Freihon
Natalie had joint ownership of two restaurants with foreign partners. Because of this, her EIDL loan was declined for an “unverifiable reason.”
We prepared a reconsideration package with all the relevant information explaining their eligibility for the loan and resubmitted the entire application. After an hour-long conversation with an EIDL loan officer to explain Natalie’s situation, we were approved for the full $150,000 of the EIDL loan.
- Two restaurants
- Joint ownership with foreign partners
- EIDL declined for “unverifiable reason- due to foreign ownership”
- We prepared reconsideration package with all relevant information explaining their eligibility for the loan
- Re-submitted the entire application with all partner’s relevant information in the required format
- Had hour-long conversation with EIDL loan officer to explain the entire business situation
- Got approved for full $150,000 of EIDL Loan
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