I updated my info on a Saturday and the 1k hit my account on the following Tuesday
Did anyone apply for that 10K grant under the SBA Economic Injury Disaster Loan program??
- Thread starter cashwhisperer
- Start date
I updated my info on a Saturday and the 1k hit my account on the following Tuesday
Why she turn it down?!
You have to read the fine print... don’t fuck around with the feds and be very careful when excepting this loan.Why she turn it down?!
Should have kept it...used it as working capital... It's a 3% loan paid back over how many years?
She said she would rather use her savings to get through. I think she was silly for turning that down, but she didn't feel comfortable taking out the loan.Why she turn it down?!
I think it was 20 years. I agree w/ you that she could use it for capital to improve her business a little.
Shit I got 2 loans so far, one for my sole proprietorship & one for my LLC. The loans weren't big, they totalled 10 grand but I took them.
The rate and the terms aren't bad, I'll definitely pay them off way before the 30 years.
She should have took it man, you don't make payments the 1st year too.
did you get the 1k?
Yep 1k for my sole proprietorship and 2k for my llc
I got approved for the loan but never received the $1000.00.
I think I’m going to give them a call.
Yeah you're supposed to get the 1k pretty quick after approval
Kabbage is asking for a W-3 and I didnt file 2018 or 2019 yet so I dont have a W-3
Go to the IRS website. Find the W3 and Fill it Out. Save it and upload it.
Then file your real 2018 and 2019 and W3.
If you read the paper work, they say even if you didn't file it yet, include the form.
Then file your real 2018 and 2019 and W3.
If you read the paper work, they say even if you didn't file it yet, include the form.
there is no penalty for paying it back early. She had a year to decide if she wanted to use it.
Got an email saying I didn't check the box for 10k advance (bullshit) but they are going to go ahead and renew my eligibility for the advance and will be based on my original application. Processing on my advance will begin next week.
Anyone get an email like this?
Anyone get an email like this?
I hear that they will offer a small amount first, like $1,500, and when you appeal or something they will offer you moreGot the email about the loan it’s very small but I did get approved
funny how things work, I said I wasn’t messing with it then my transmission started acting up
Got my $1000 grant but i declined the loan when approved.
Its a great idea to lie to get a business loan.
You may be one of the more controversial members of this board, but your one-liners be killing it at times.......and this is one of them
So apparently Kabbage's business structure of LLC with employees requires a W-3, and Single member LLC only allows for 1 employee (which has a lower eligible loan amount).
I asked them to change my business structure to Single member LLC without knowing this and they did, but my eligible loan amount went down significantly. Once I found this out I asked them to change it back to LLC with 4 employees.
Then the guy asked me if I already received funds. I said "No. For what amount?" He said my account is saying "funds dispersed" and asked to verify my routing number.
I said pause on all that, I want to change back to LLC and submit this W-3 (for the higher loan amount). He said he'll call me back. All of this was today
I asked them to change my business structure to Single member LLC without knowing this and they did, but my eligible loan amount went down significantly. Once I found this out I asked them to change it back to LLC with 4 employees.
Then the guy asked me if I already received funds. I said "No. For what amount?" He said my account is saying "funds dispersed" and asked to verify my routing number.
I said pause on all that, I want to change back to LLC and submit this W-3 (for the higher loan amount). He said he'll call me back. All of this was today
You can still apply for EIDL?
Yes you can. They offered me 14k at 3.75% for 30 years. I haven't accepted it yet. I didn't know that independent contractors could apply for ppp. If i had the choice of the two i would do ppp dude to the forgiveness aspect. I got the 1k advance from the EIDL
Heard Tom Brady got a cool million
Man I made some many licks off this COVID
And my nigga trump extended it????
Man niggas up 100k no bap.
Folks easily has my vote secured.
Nobama Neva gave me shit
And my nigga trump extended it????
Man niggas up 100k no bap.
Folks easily has my vote secured.
Nobama Neva gave me shit