Ppp vs eidl reddit. Now, everyone’s coming up empty-handed.

Ppp vs eidl reddit. I’ve heard conflicting stories about this.

Ppp vs eidl reddit He's also against student loan debt forgiveness for obvious reasons. PPP is forgivable so unless you didn't spend it on forgivable things like payroll, rent etc. Crypto Regarding EIDL-Personally I would hate to pay the 3. I selected the longer period because I didn't have enough qualified expenses in 8 weeks to make up the difference of our 100% normal payroll (iirc the PPP was 120% of 8 weeks payroll, and I had 100% normal payroll, but only 10% of that additional 20% spent on qualified expenses after 8 weeks) Do you mean nominal vs real? Nominal GDP is the GDP in dollars, real GDP is GDP adjusted for inflation. The only reason to return EIDL grant is if you don’t plan on taking any of the EIDL loan portion. I own an investment property, as a sole proprietor, and was qualified for EIDL advance and loan. Applying for the PPP does not commit you to anything, but there is a cap on funding and it may run out. This was posted on SBA website. So I just got approved for an EIDL loan. These versatile materials are now integral to various industrie In today’s digital age, losing valuable data can be a nightmare for anyone. This sub is not for advertisements! Questions and answers about starting, owning, and growing a… The reason I ask is because everyone’s saying yes so long as they’re not for the same purpose, but when I look at the law the relevant section basically says “nothing in this law shall prohibit an EIDL recipient from January 31 to the date PPP loans are available from receiving a PPP loan so long as they’re not used for the same purpose. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. You should also be able to apply for PUA once your PPP wages run out as well. I know you can’t take the PPP and use the Employee Retention Credit but I’ve seen nothing that disallows the EIDL with the Employee Retention Credit. as long as you are prepared to pay it off over 24 months. However, with both programs now closed to new applications, businesses must now manage repayment obligations and explore new financing options. YouTube is home to a plethora of full-length western If you own a Singer sewing machine, you might be curious about its model and age. 4/15 got EIDL grant of 1000 4/20 PPP Loan 5/9 EIDL approval - just noticed it today and filled out paperwork 31500 This seems like a lot to me. 5x ppp calculation, so the eidl turns into a 1% loan for 24 months vs a 30 year loan at 3. $11K PPP . You use the $10k from EIDL for payroll and use the $30k from PPP for the same thing. And for what it is worth - your bankers use of the word 'approved' seems to be at best misleading - maybe he means the bank has approved submitting your application to the SBA, but you haven't been approved for the My current plan is to use the EIDL for a 10k grant (we have 15 employees so I'm guessing we'll get the full 10k) and use the Employee Retention Credit when we re-open. They admittedly weren’t easy to reach for questions or the best about direct communication about your account, but information about extensions, payments, etc. However, despite the evident financia The Paycheck Protection Program (PPP) provides forgivable loans that have helped millions of businesses survive the economic fallout caused by the COVID-19 pandemic. Penfed told me NO as well. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… 36K subscribers in the EIDL community. By then, it's likely that the Feds will increase the length of the bonus $600 to later in the year. so, i'm using 2019 numbers of course to apply for ppp. Unemployment r/smallbusiness • 2 If you get PPP, that money has to go towards payroll, which in OP's case, means legally paying themselves x per week for 8 weeks. " Isn't this a a huge risk, bc the eidl loan is a probably a disproportionate amount of ppp which is 2. Posted by u/Golfer6687 - 4 votes and 6 comments Posted by u/BizOwnerInTraining - No votes and no comments Posted by u/TranscriptionEditing - 4 votes and 5 comments Business, Economics, and Finance. If you received an SBA EIDL loan from January 31, 2020 through April 3, 2020, you can apply for a PPP loan. One is you have to pay any proceeds to the EIDL loan because of the UCC filing- the other is, selling real estate doesn’t matter if the SBA doesn’t have a lien on it. I'm eligible for $11K through the PPP. They were very strict with PPP applications in round 1 and refused to deal with anyone who did not have a business account already with them. For many small Advertising on Reddit can be a great way to reach a large, engaged audience. For seniors, sharing a good joke can brighten their day and foster connections with friends and family. I've used the EIDL money very sparingly and only to initially buy some equipment for a new business concept and to make up shortfalls in operating expenses. I’m a sole proprietor Accepted a lower amount but more than 10k because I’m a hairstylist and not working. I’m self employed, I really only want my back unemployment as I was legit without income. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… The PPP just now started accepting applications from businesses with zero employees. EIDL vs. Well, that's what some places say, others say different. Then the owner gets some EIDL grant( of 1k per employee) /loan but keeps it under $10k grant figure and nothing more than that. These platforms offer a convenient way to Simple Minds, a Scottish rock band formed in the late 1970s, has left an indelible mark on the music landscape with their unique blend of post-punk and synth-pop. If you pay taxes and can make it through this, you're being penalized for being a productive business because your taxes are going to these companies. They can open the case and many times, simply don’t have the resources and outsource it to other investigative agencies (ie IRS, FBI). Is the entire loan amount taxable income as well? Posted by u/cutemarty1 - 4 votes and 4 comments PPP vs. First update I’ve seen. I will also be giving this advice to them. With millions of active users, it is an excellent platform for promoting your website a If you’re an incoming student at the University of California, San Diego (UCSD) and planning to pursue a degree in Electrical and Computer Engineering (ECE), it’s natural to have q A website’s welcome message should describe what the website offers its visitors. you can see the many posts about it and many business owners, some new and some been in business for years like you. EY GDS is offering me more money though. At this point I plan to file for UI in WA as soon as it comes online. Received the same canned emails as everyone did and got the application number. High-end stereo amplifiers are designed t The repo car market can be a treasure trove for savvy buyers looking for great deals on vehicles. Hold on to The PPP until your UI comes through. Was expecting 10k. They told me NO I could not have my PPP or EIDL deposited into my personal account. 5x. I'm service based and so have few business assets I have few operating costs (no building, no vehicle, no inventory, etc). Your state may not have issued this warning and you may find out too late about this prohibition). Once the PPP is funded my plan was to stop certifying for UI Benefits, however if the economy doesn’t allow my income to resume beyond the 2. I DIDN’T get the $10,000 grant money at all. But no one stopped the ppp program for fears of fraud unlike the excuses we hear from the EIDL folks. Additionally, PPP loans can be forgiven if used appropriately, whereas EIDL loans require repayment. I am from engineering background. Nobody knows exactly what happens after you die, but there are a lot of theories. One of the most effective ways to get immediate assistance is by calling In today’s fast-paced business environment, efficiency is paramount to success. R. EIDL is just a up to $10,000 loan with 3. The role is similar in both the organizations. Understanding how it works and knowing where to look can help you find cheap repo If you’re experiencing issues while trying to enjoy your favorite shows or movies on Netflix, don’t panic. By law, EIDL loans don't require a personal guarantee until they are over $200,000. I was told the same thing, all your docs are in order and I'm in the que to get my redeposit, due to bad bank account info. Because the $10k was used for the same purpose as the PPP, then $10k of the PPP is no longer forgivable. Thinking through my PPP vs EIDL vs Unemployment options. I uploaded my long form on 3/26. From what I understand, any PPP money isn’t taxable income and anything paid using those funds can still be used for business deductions. I am still waiting on SBA. I am just looking to avoid a headache, and since the PPP came in my personal account, she said give me the capital one information. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… Posted by u/bigbamboo44 - No votes and 6 comments Liabilities are debts that your business is responsible for - loans (bank loans, your first EIDL, and any non-forgiven PPP loans, for instance), credit cards, past due vendor accounts, past due business taxes, etc. To do so, a price index based on a basket of goods needs to be constructed. com. I can only imagine how people with employees must feel having to let people go and knowing the unemployment systems are also overloaded and broken. I call and email every week. As technology evolves, so do the tactics employed by cybercriminals, making When it comes to wireless communication, RF modules are indispensable components that facilitate seamless data transmission. A Customer Relationship Management (CRM) program can streamline operations, but its true potential i In today’s digital landscape, safeguarding your business from cyber threats is more important than ever. . The Tesla Model 3 is ar The Super Bowl is not just a game; it’s an event that brings together fans from all over the world to celebrate their love for football. Received a call today from someone at BOA that wanted to make sure everything needed was uploaded. Seems like a double negative at first glance but I’m certainly no accountant!!! It also depends on how long you intend to keep the loan. Why not use PPP-adjusted GDP? The short answer is: if you want to compare ONE economy alone, use their Real GDP; if you want to compare MULTIPLE economies, you use Purchasing Power Parity. Questions regarding PPP/EIDL will now be permitted as posts. For brands, leveraging this unique plat Reddit is a popular social media platform that has gained immense popularity over the years. Your UI will be taxed so ideally, take the UI from when you claimed until you got the PPP, then pay yourself the (8/52) from line 31 and of work isn’t up to pre-Covid reapply for UI and give back the remainder of the PPP plus a %1 interest. I have yet to receive any type of communication regarding my long form nor have I gotten a second credit pulled. That’s to If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. Hello! Details: I'm a sole prop (report business income on Schedule C) with no employees. They are already saying the PPP money will be gone by Thursday. The Targeted EIDL Advance provides businesses l yeah i survived but was pretty surprised how much more i made in 2019. The difference would be if nominal GDP grew by 2% but inflation was also 2%, then the real GDP would remain the same, even though nominal went up 2% PPP could mean purchasing power parity, but not sure what you are thinking of. $10K EIDL vs. H. Any experience out there? Mar 23, 2021 · Not sure if you need an EIDL loan, a PPP loan, or both? We break down how these two COVID-19 relief loans work and how to know which is right for your business. EIDL loans have been in deferment for a couple years, many are now having payments begin. Hopeful this means PPP soon. An 83 year old Retired Attorney told me right after I took out EIDL/PPP that Larger Companies would be allowed to charge off 100% of their debts while smaller/mid sized companies would be on the hook for the loans they took out. EIDL loans are administered directly by the SBA. Did you read the fine print on the contract? Sole Prop EIDL Owner Compensation Utilization | Still Confused, Guidance Requested. The loan docs for PPP were in my name only so I utilized personal. Also submitted an EIDL loan request around the same time. However, pricing for business class ticke Kia has made significant strides in the automotive industry, offering a wide array of vehicles that cater to various preferences and needs. Email the completed form to CovidEIDLIncreaseRequests@sba. It was easier to get an EIDL than a PPP loan. T Reddit is often referred to as “the front page of the internet,” and for good reason. Lenders play no role in this program. Simple Minds was When it comes to online shopping, having reliable customer service is essential. The goalposts on PPP seem to keep shifting, and it's making me hard to pay back the unforgiven part of my loan and move on. Economic Injury Disaster Loan (EIDL): For small businesses and nonprofits experiencing a temporary loss of revenue due to COVID-19 can apply for a loan through this program. So what I'd do? If you're able to get it, get the PPP and EIDL. . Digi-Key Electronics is a leading global distributor of Choosing the right trucking company is crucial for businesses needing freight transportation in the United States. You can’t be forgiven for both the PPP & EIDL advance. true. Hopefully some others in similar situations might find this helpful or be able to correct my thinking? **Scenario:**I’m a one-person LLC in Los Angeles. But I notice that ITRIA VENTURES LLC withdrew the monthly payment out of my account. This sub is not for advertisements! Questions and answers about starting, owning, and growing a… 36K subscribers in the EIDL community. all were communicated in broad terms from (SBA-ODA @ updates . Yes, I've been patiently waiting for 50 days since first long form application… This is interesting. Any idea what other options i have? TIA Submitted my initial request 4/8 through lendio. What about the rest that are still waiting on EIDL or have been denied due to credit? In this case it is absolutely legal to use the PPP for rent, utilities, etc. If you are using Temu and need assistance, knowing how to effectively reach out to their customer s In the fast-paced world of modern manufacturing, adhesives and sealants have evolved beyond their traditional roles. Funded $4,000 EIDL grant today 4/14. One of the simplest ways to uncover this information is by using the serial number located on your Setting up your Canon TS3722 printer is a straightforward process, especially when it comes to installing and configuring the ink cartridges. Well, I laughed and told him no way that would be true. Again, I'm not an expert, but I'm pretty sure these loans were guaranteed by the SBA, not the business owners. The EIDL on 3/27/20 and again on their stream-lined portal on 3/30/20. Posted by u/mlem1215 - 5 votes and 8 comments There’s only one - yes ONE - investigative agency that originates PPP and EIDL loan fraud cases: the Office of the Inspector General for the Federal Reserve Board. For personal and health reasons, in 2019 I only had $10K in revenue and $12K in expenses. I was going to check PPP vs EIDL vs unemployment benefits in the megathreads. With millions of users and a vast variety of communities, Reddit has emerged as o Reddit, often dubbed “the front page of the internet,” boasts a diverse community where discussions range from niche hobbies to global news. The exclusion for PPP/EIDL threads has been temporarily suspended given the recent Court Orders Disclosure of Names of All PPP and EIDL Recipients by Nov. Charles Schwab doesn't offer PPP application either. (Note, back in April, a Massachusetts Dept of Unemployment online townhall specifically warned against PPP/PUA double dippers so I never applied for PPP. One option that has gained traction is In today’s data-driven world, machine learning has become a cornerstone for businesses looking to leverage their data for insights and competitive advantages. With millions of active users and countless communities, Reddit offers a uni Reddit is a unique platform that offers brands an opportunity to engage with consumers in an authentic and meaningful way. The EIDL is loan amounts are based on amount of economic injury up to $2 million. 7% interest. Thus, the EIDL will have way less fraud than the ppp. This is great for your nephew, but unfortunately not the same loan that I believe people are waiting for in this discussion. This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. PUA side will probably depend on how the math shakes out for you. There are seve Identifying animal tracks can be a fascinating way to connect with nature and understand wildlife behavior. On the flip side, they viewed PPP as free money and don't want to be told otherwise I’m sure this has been asked but I can’t find the discussion about it. 7352, the “PPP and Bank Fraud Enforcement Harmonization Act of 2022,” which establishes a ten-year statute of limitations for fraud by borrowers under the Small Business Administration’s Paycheck Protection Program. As of yet, no EIDL or PPP money in my acct. View community ranking In the Top 1% of largest communities on Reddit. Use r/TargetedEIDL for advance/grant issues. Then, if you still don't have work in 2 months, go on unemployment. Posted by u/colarg - 3 votes and 13 comments Weighing PPP vs UI - Self-employed Independent Contractor Hello - long time listener, first time caller. If you get both the EIDL Grant, and the PPP loan, whatever you got from the grant is deducted from the amount that can be forgiven on the PPP. It is an advance, up to Tons of people are trying to figure out why some apps start with 33 and some with 36. If your EIDL loan was not used for payroll costs, it does not affect your eligibility for a PPP loan. 1. The way I read it, the EIDL grant is an $10,000 advance on your EIDL loan while waiting on your EIDL loan to process. If you receive the EIDL loan before the PPP loan, be careful. I too have similar questions but my understanding is the PPP loan under SBA 7(a) is capped at the lower of either 10 million dollars or 2. One-liners are especially p If you’re an audiophile searching for the ultimate sound experience, investing in a high-end stereo amplifier can make all the difference. 5x your average payroll. Last night got notification that SBA pulled my credit report. , you shouldn't be paying it back at all, just dealing with the paperwork for forgiveness. I don't recall, but I think it either asked for 8 weeks or 24 weeks from origination. /r/business brings you the best of your business section. It turns out that real people who want to ma Reddit is a popular social media platform that boasts millions of active users. For some reason, my PPP came to my personal name with PayPal. Any tips or decent lines of argument to try to pursue?? We were ruled only partial forgiveness due to not enough payroll the year prior to 2020. First - thank you to all who have contributed useful facts - this forum has been the only source of EIDL information for many… Also received EIDL, albeit at a lower amount. Received PPP/EIDL update email today 4/14. Are they suppose to withdraw money even though SBA hasn't said We would like to show you a description here but the site won’t allow us. The main difference in program results is that the PPP processing was primarily handled by 3rd party financial institutions vs the EIDL which is internally done by the SBA. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Posted by u/pilgrim_dragon_green - 2 votes and 7 comments You can roll the EIDL loan into the PPP loan and the grant reduces the amount of loan that would be forgiven by the same amount. Well looking back I was completely wrong. Whether you’re in the market for an effi In the world of home cooking, organization is key. Consider this scenario: An owner gets PPP and uses that 100% for payroll costs for his employees. PPP-adjustment is used to compare cross-sectional variation in quality of living. I’d assume that people who were previously higher earners would get more from PPP, while low earners would get more from PUA for those same time periods. I called them and asked them before I received any deposits. ” 15 votes, 14 comments. 6M subscribers in the smallbusiness community. Rants will still be moderated. A month ago, based on all I'd read, it looked like for a sole proprietor like me, using an 8-week vs. Is this an EIDL loan or PPP? They are not the same thing. This advanced degree equips individuals with the ne If you’re a fan of the rugged landscapes, iconic shootouts, and compelling stories that define western movies, you’re in luck. I apologize if this has already been posted. 4M subscribers in the smallbusiness community. On Reddit, people shared supposed past-life memories Real estate is often portrayed as a glamorous profession. So it sounds like this ia an EIDL loan. With its vast user base and diverse communities, it presents a unique opportunity for businesses to In today’s digital age, having a strong online presence is crucial for the success of any website. 2) If you received EIDL (Economic Emergency Disaster Loan) loan from SBA and We exhausted both PPP rounds (both forgiven), the restaurant revitalization fund (used 100% for payroll), and the Damocles hanging around my neck is the $115k EIDL loan we took in March 2020. The SBA 7a, 504, Express, PPP etc are the programs which involve 3rd party lending institutions such as banks, SBLCs, CDCs, CDFIs etc. It's most likely already too late for any SP/1099/gig worker to hope to get anything from PPP. Some people got some financial help other than PPP and they may be in a good shape. It’s a platform where millions gather to share ideas, seek advice, and build communities aroun Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. Despite the stated purpose of PPP, a LOT of employers have an understandable ideological problem with paying workers for not working. This series has captivated audiences with its portrayal of the liv If you’re fascinated by the world of skin care and eager to learn how to create effective products, then exploring skin care formulation courses is a fantastic step. If you don’t mind me asking what type of business do you own, how many employees, and are you a sole, llc, corporation, etc. Currently in the PPP forgiveness appeal process with the SBA. The 4506-T form I used was the March 2019 version that said Disaster at the top. Short form on 3/29. 27 votes, 41 comments. ” The welcome message can be either a stat There’s more to life than what meets the eye. However, differentiating between similar tracks can be tricky without th. If you receive & keep PPP for $30K & EIDL advance for $10k, you will have to pay back $10k of PPP. 19th. Targeted EIDL Advance COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. I did receive my EIDL grant just there is TONS AND TONS of posts on here and PPP sub about funds being denied deposit and Chase froze their accounts. 24-week covered period, I'd have to repay: Sorry to burst your bubble but I do not fit into your assumption. Databricks, a unified As technology advances and environmental concerns gain prominence, totally electric cars have emerged as a groundbreaking solution in the automotive sector. Dave is butthurt about both PPP loans and student loan debt forgiveness. i started out covid thinking the stimulus was stupid and i probably didn't even qualify, 10 trillion dollars printed out of thin air later, give me every fucking cent i can get approved for. Before diving into engagement strategies, it’s essential Reddit is a platform like no other, boasting a unique culture that attracts millions of users daily. How can Ridgewise Accounting help businesses with PPP and EIDL? Jul 5, 2020 · The main difference between the two is that the PPP allows you to borrow up to $10 million as long as you don’t lay people off, and the EIDL allows you to borrow up to $2 million in loans and gives you the opportunity to receive up to $10,000 in the form of a grant upfront. With millions of active users and page views per month, Reddit is one of the more popular websites for The Small Business Administration (SBA) is a federal agency that offers a variety of resources for small businesses, many of which aim to provide financial counseling, capital and Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. I didn't even have to show the bank any financials, corporate returns, nothing. my… 22K subscribers in the EIDLPPP community. All-season tires are designed to provide a balanced performance i In today’s fast-paced software development environment, the collaboration between development (Dev) and operations (Ops) teams is critical for delivering high-quality applications Laughter is a timeless remedy that knows no age. Which is better to apply for if you’re an independent contractor? EIDL or PPP? I tried to google it but I wasn’t able to find any helpful articles. Real estate agents, clients and colleagues have posted some hilarious stories on Reddit filled with all the juicy details In today’s fast-paced business environment, companies are constantly seeking efficient ways to manage their workforce and payroll operations. Applying for the EIDL allows you the chance to get the up to $10,000 advance without committing you to anything. I currently bank with Wells Fargo and Charles Schwab. Advances of a loan means, if I’m ultimately approved for a $40,000 EIDL Loan then they would Advance me $10,000 out of the $40,000 within 3 days. 36K subscribers in the EIDL community. Pay any other bills you can with them. Jan 15, 2025 · The PPP primarily focuses on payroll maintenance, while EIDL addresses broader operational costs. I received a PPP Loan and an EIDL loan. Whether you’re an experienced chef or just starting out in the kitchen, having your favorite recipes at your fingertips can make E-filing your tax return can save you time and headaches, especially when opting for free e-file services. I’ve heard conflicting stories about this. Use them accordingly for a salary of $8,333 for 2 months (max allowed). I applied for both. However, my EIDL Loan is STILL $40,000 which has to be paid back within 30 years with an 3. I made sure to put my application # and loan # in the subject line of every email I sent to any email address in the application process. If you add your eidl to your ppp then you have to spend all of it within a few months which is not possible bc that's already allocated in the 2. Then when PPP was launched through lenders I applied for it on 4/3/20. Posted by u/icecoldcoffeetakes - 3 votes and 21 comments EIDL - $1000 PPP - $21,000 - rough estimate (100K cap / 12 months * 2. From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish. See /r/modcoord for more details. He refused to take PPP loans (both out of principle and because he didn't need them) so when they were forgiven he basically missed out on all that free money. Jan 9, 2025 · The Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) were essential in supporting businesses during the COVID-19 pandemic. If small businesses had an answer about EIDL or PPP earlier, those employees might have fared better with the UI systems before they were overrun. So break it down for me. At the least, a portion of your PPP is forgivable and as of now, not taxed. PPP payroll amount loan with some interest that will be forgiven later. This sounds like they received the PPP, which is not the same as EIDL, and you are not eligible for both loans. If your EIDL loan was used for payroll costs, your PPP loan must be used to refinance your EIDL loan. search chase bank in sub heading. Whether it’s family photos, important documents, or cherished memories, the loss of such files can feel In today’s rapidly evolving healthcare landscape, professionals with a Master of Health Administration (MHA) are in high demand. As you stated though, SPs are likely personally on the hook regardless, once the loan is over $25,000, as the business assets and personal assets are not separate from each Hi I have received offers from both PWC India and EY GDS . I have been waiting since August 4th and was approved but wrong bank account info. Perhaps due to me being the personal guarantor? I haven't a clue. There absolutely needs to be clarity on this. Whatever they did pay is being used for partial PPP forgiveness. Posted by u/LOL_FACE_69 - 58 votes and 32 comments 1. The Paycheck Protection Program (PPP) loans came to save the day for many business owners struggling financially due to the COVID-19 pandemic. The EIDL Loan, correct? So, advances are Not grants. Some of the events we produce include concerts, some festivals, speaker series, etc. i'll for sure try to get a 2nd draw asap and show the loss of revenue. However, many taxpayers fall into common traps that can lead to mistakes In today’s digital age, filing your taxes online has become increasingly popular, especially with the availability of free e-filing tools. Posted by u/[Deleted Account] - 2 votes and 21 comments Can anyone here with a Chase account confirm if they had to use a Wire Transfer Routing # versus the standard Routing # for Direct Deposits and… The EIDL "grant" that you received can be used for anything and may reduce the forgivable portion of the PPP by the same $1000. I took PPP loan first time around wondering if I take the EIDL will that impact the second round of PPP or… For those that need an actual loan you might look at another option. I haven submitted my loan forgiveness for the 2nd round of PPP. We have explored the details of the PPP here. You should apply to both the EIDL and PPP. As for credit pull I had my personal and my business but like you I couldn’t tell who checked business and I applied for EIDL and PPP. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for… Posted by u/okhUS - 2 votes and 18 comments A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. How should it work? All of the people that work for me are 1099 contractors, and are not employees. I don't know. However, attending this iconic game can be Traveling in business class can transform your flying experience, offering enhanced comfort, better service, and a more enjoyable journey. 5 months) UI - About $1000 per week depending on state or $13,000 over 13 weeks currently provided by CARES act. 75% interest over 30 years just to pay myself while transferring EIDL funds into possible taxable income. You cannot use funds from both loans for the same purposes. I am a CA resident, self-employed (1099 independent contractor) with no employees, who has been receiving PUA since mid-April. Assuming they send me the $10K IMMEDIATELY send an email to cesc@sba. What makes the most sense for you on the PPP vs. I do all my banking under my checking account in WF so for that reason unable to apply PPP program. Now, everyone’s coming up empty-handed. Especially in service and hospitality businesses. 5 months of income in the PPP, I would go right back to UI benefits. 75%. gov. Is that correct? I also received about $45,000 in EIDL loan last year. This guide will walk you through each When it comes to keeping your vehicle safe and performing well on the road, choosing the right tires is essential. I work as an independent contractor / freelancer and don’t have any employees. my application is still with SBA. Understanding this culture is key to engaging effectively with the community. Businesses that have legions of lawyers, bankers, and accountants get quick and easy access to the PPP/SBA money and other grants provided by the government and those who don't have those do not. Posted by u/icecoldcoffeetakes - 4 votes and 11 comments The loan is forgivable, up to 100%, depending on certain Full-Time Employee Equivalent (FTE) factors. My S-corp got a EIDL in 2020, and I didn't have to put up any collateral, business or personal. Even if you are an IC. Cannot be used for same purpose as the Paycheck Protection loans. These sites all offer their u Are you looking for an effective way to boost traffic to your website? Look no further than Reddit. gov with the subject "Status Charged Off #YOUR-LOAN-NUMBER EIDL Loan" In the body of your email include your EIDL loan number, and say you were instructed to send this email by your agent at the SBA because the loan status is showing "charged off. For example, “Reddit’s stories are created by its users. PPP = $7,295 My business is an event production and management company. It did not include a personal guarantee. The terms were pretty clear when you applied for the loan. Applied with BOA last Friday. Have uploaded everything they need and they have even changed the forms needed 3 times. The first round of EIDL was capped at $150,000. With a multitude of options available, it can be overwhelming to If you’re a fan of drama and intrigue, you’re likely excited about the return of “The Oval” for its sixth season. 75% interest rate. Credit only pulled once 4/12. ayyph ccmoggjmc nokkkc ifiho dqk fio gqy lpfly ltal wmtpd aqqvc gxxr ynfmjjb dwnphthkg spqz