SBA loans,

steamron

Member
Joined
Oct 15, 2012
Messages
272
Name
Ron
What can we do if we are a self run business with occasional help.
I'd like to get caught up on everything.

???
 
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F

FB7777

Guest
Perhaps get in contact with one of these Public companies that received money intended for you

D1F3F09C-24E1-450C-BF31-B24A609E9251.png
 

BIG WOOD

The Timminator
Joined
Feb 4, 2016
Messages
14,439
Name
Matt w.
For the PPP loan (if there's any more money to dump) you enter line 31 of your schedule c and multiply it times 2.5 in the application.

For the Economic injury disaster loan, you get $1k per employee up to 10 employees that's forgivable
 

clean image

Member
Joined
Oct 5, 2012
Messages
971
Name
Carl Maddock
Looks like there putting together more $ for the PPP.

I have a feeling it would take a 4th or 5th round before i see anything

I heard wells fargo(my bank) is getting sued for no action on this. from the graphic, all the big boys get first dibs
 

hogjowl

Idiot™
Joined
Oct 7, 2006
Messages
49,895
I went to the SBA on April 30th and applied for a PPP loan. In fact, I was surprised that the PPP was the only application I could get, even though the EIDL was also discussed. So, after almost a month of waiting, I received $2000. I just assumed it was $1000 per employee. Screw me ... no $10,000.

Today I spent some time researching it a bit more and it appears, because of the description of the deposit I received that I actually received an EIDL advance!

So, I’m not sure what’s going on, but I’m applying again.
 

Wing It

Supportive Member
Joined
Feb 4, 2012
Messages
312
Name
John Wingfield
Rumor is that the second round of PPP loans will start at noon cst today Thursday 4/23.
 

Zee

Supportive Member
Joined
Nov 2, 2007
Messages
6,176
Name
.
I went to the SBA on April 30th and applied for a PPP loan. In fact, I was surprised that the PPP was the only application I could get, even though the EIDL was also discussed. So, after almost a month of waiting, I received $2000. I just assumed it was $1000 per employee. Screw me ... no $10,000.

Today I spent some time researching it a bit more and it appears, because of the description of the deposit I received that I actually received an EIDL advance!

So, I’m not sure what’s going on, but I’m applying again.



So where are you applying this time?
 

Papa John

Lifetime Supportive Member
Joined
Aug 19, 2013
Messages
7,001
Name
John Stewart
No word on my loan app as well--
Luckily I don't need it and won't follow through---
I fear the loan forgiveness will be an empty political promise for us small guys.
 

Kenny Hayes

Member
Joined
Apr 17, 2009
Messages
9,754
Name
Kenny Hayes
Rumor is that the second round of PPP loans will start at noon cst today Thursday 4/23.
I’m getting a whole lot more rumor than I’m getting money! My mail person said she received an email implying checks are coming this week. As she Drove by me🤷🏼‍♂️
 
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scotty747

Member
Joined
Oct 19, 2006
Messages
898
At least yours shows up. Ours finally showed up yesterday and wouldn't even leave my new ladder racks on my porch. Just a note that said too big for your mailbox, pick em up at the post office.
 

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