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Dear <<First Name>>,

We have important updates on EIDL loan applications for new and previous applicants, health insurance, and additional loan opportunities. There are many new updates in this email, reading it could get you thousands of dollars!
 

NEW EIDL APPLICATIONS

If you haven’t yet applied for an EIDL loan, you have until December 31st to submit an application. You should apply if your business had any revenue on your 2019 tax return. This includes sole proprietors and businesses. You are eligible for up to three times your 2019 revenue, up to $2 million. 

You may also qualify for a $15,000 grant if your business meets the locations requirements. Most of North, East, and West Tulsa qualify. Check this SBA Mapping Tool to see if your business qualifies, free money could be waiting for you! You have until December 31st to apply for this grant.

Apply for both the loan and grant by December 31st through this link:
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/covid-19-eidl

Tulsa Responds has already helped 852 Tulsa-area businesses apply for over $186 million in grants and loans. This is a grant-funded service that we provide for free to Tulsa businesses. Let us help you start off 2022 with a low interest loan that could help you maintain or expand your business. If you have any questions about these loans and grants, whether you should apply, and application assistance, reply to this email or visit our website,  www.tulsaresponds.org/business-loan.


PREVIOUS EIDL APPLICANTS

Did you get the maximum amount on your EIDL Loan?  If you received an EIDL last year, you can request approximately two times your original loan amount and payments will be deferred for 2 years. If you would like to increase your original EIDL amount follow instructions below: 
  • Visit the SBA portal to see if you’re eligible for an increased loan and follow the instructions on the website (you can also check the status of your loan here) 
OR
  • Send an email to CovidEIDLIncreaseRequests@sba.gov
  • Use subject line "EIDL Increase Request for [insert your 10-digit original EIDL application number]"
  • Be sure to include in the body of your email identifying information for your current loan including application number, loan number, business name, business address, business owner name(s), and phone number.
  • IMPORTANT: Do not include any financial documents or tax records with your initial request. You will receive a follow up email notification if we need additional documents.


WAS YOUR FIRST EIDL ADVANCE GRANT LESS THAN $10,000?

EIDL loan holders who received a grant less than $10,000 due to exhausted funds may be eligible to receive the remainder of their grant. If eligible, you will not have to pay this money back. Take a few minutes to check the status of your existing application, you could be missing out on thousands of dollars! Check this SBA Mapping Tool to see if your business is in a qualifying neighborhood (much of North, East, and West Tulsa are eligible!)
 
SBA.gov sent emails to eligible businesses over the summer. Check your email for emails from sba.gov, if you cannot find your invitation email, contact SBA’s Disaster Customer Service Center at 1-800-659-2955 or by email at TargetedAdvance@sba.gov to request a new invite. Please note that this process may take several business days. Applicants seeking reevaluation of a declined application for a Targeted EIDL Advance or a Supplemental Targeted Advance should send an email to TargetedAdvanceReevaluation@sba.gov.
 
To check the status of an existing application log into your COVID-19 EIDL applicant portal.


HEALTH INSURANCE FOR SMALL BUSINESSES

Approximately 1/3 of small business owners and their employees are uninsured, but thanks to the Affordable Care Act (ACA) it doesn't need to be this way. It's open enrollment season now through January 15. Tulsa Responds provides free enrollment assistance so that you and your employees can choose an affordable insurance plan. Our navigators are impartial and receive no commission for this service so you can rest assured that you and your employees are getting sound advice. For assistance go to our website www.tulsaresponds.org/healthinsurance.
 


ADDITIONAL LOAN OPPORTUNITIES

Looking for additional loan opportunities? Check out the options below:
 

SBA MICROLOANS

Max Loan Amount: $50,000
You should apply if:  you have a small business or certain not-for-profit childcare centers wanting to start up or expand


SBA 504 LOANS

Max Loan Amount: $5 Million
What you need to know about this loan: SBA 504 provides long-term, fixed-rate financing for major fixed assets that promote business growth and job creation.


SBA 7a LOAN

Max Loan Amount: $5 Million
What you need to know about this loan: The 7(a) Loan Program provides financial help for small businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can also be used for: 
  • Short and long-term working capital 
  • Refinance current business debt 
  • Purchase furniture, fixtures, and supplies 

As always, please don’t hesitate to give me a call and let me know if you have questions!
 
Best,

Alex V. 
Tulsa Responds
(405) 466-7644
 
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Tulsa Respond · 7030 S Yale Ave Ste 600 · Tulsa, OK 74136-5749 · USA