For businesses that have found themselves in positions requiring an Economic Injury Disaster Loan (EIDL), our Ohio EIDL lawyer can help by offering comprehensive legal support to get you through the process. With over 100 years of combined experience, our lawyers at Gudeman & Associates, P.C. have been deeply committed to businesses with locations in the Southeastern Michigan area. Our invaluable services have earned us an A+ rating with the BBB, and we wear that recognition with pride. If your business needs help after an economic disaster, contact us for a no-obligation consultation.
What EIDLs Are—And How They Can Help
The Economic Injury Disaster Loan program, administered by the Small Business Administration (SBA), was put into play in order to provide critical financial assistance to businesses suffering economic injuries resulting from being located in a declared disaster zone. These loans can provide up to $2 million in relief funds to help businesses stay afloat.
However, EIDLs come with specific terms and obligations that borrowers must carefully adhere to, and it’s important to fully understand these obligations to avoid getting into financial trouble. Misunderstandings or mismanagement of these loans can lead to significant legal complications, including possible allegations of fraud or disputes over repayment terms—and no business wants that.
Get Invaluable Assistance For EIDLs
As your Ohio EIDL attorney, we provide assistance for various aspects of the EIDL process. For those just getting started with the loan application, we assist clients in completing and properly submitting EIDL applications. We carefully review all of the information submitted to make sure it aligns precisely with SBA requirements. We offer ongoing counsel throughout the application process to make sure your business remains compliant with the specific terms set forth by the SBA.
Should your business face accusations of misusing EIDL funds or providing false information on the application, our SBA fraud defense lawyer will stand by you and provide aggressive legal representation to support your claim. Should disagreements arise regarding terms of your loan or repayment schedules, our SBA loan dispute attorney will negotiate with the SBA with the goal of achieving resolutions that meet your needs.
If you acquired an EIDL during the COVID-19 pandemic, you may benefit from the professional guidance our Ohio EIDL lawyers offer specific to COVID-19 relief. No matter the disaster, we provide trusted legal support for any business in need.
We’re Here For You
Choosing the right legal partner when dealing with EIDL-related matters can heavily affect your business’s future. Our Economic Injury Disaster Loan lawyers have a deep understanding of business law and SBA loan processes, and we also provide a full spectrum of legal services, including estate planning, business planning, taxation, and real estate law, allowing us to address various facets of your business needs.
At Gudeman & Associates, P.C., we’re here to help get you and your business through challenging times. If you’re seeking assistance with EIDLs or other SBA-related matters, we encourage you to contact us to learn more about how we can support your business’s continued success.
