Ok. The lady on the phone with Kabbage said it has to be a different business if you've already received money for one business
Did anyone apply for that 10K grant under the SBA Economic Injury Disaster Loan program??
- Thread starter cashwhisperer
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Shit. I didn't know that. I was just about to apply. Wonder if I should apply anyway cause some times these people either don't know what they are talking about or are player haters.
Either way, report back
Need some help understanding and making sure I am not missing something.
Have a business and applied EIDL got approved for 20k with 3.75% over 30 years like others.
I looked over the contract Just need some confirmation , is there a penalty for paying it back early?
Can I still apply for PPP? It says you cant have applied for a loan in the conditions. Thank you for anyone that can help.
I am just not trying to get hemmed up fucking with the feds and pay for it later
Have a business and applied EIDL got approved for 20k with 3.75% over 30 years like others.
I looked over the contract Just need some confirmation , is there a penalty for paying it back early?
Can I still apply for PPP? It says you cant have applied for a loan in the conditions. Thank you for anyone that can help.
I am just not trying to get hemmed up fucking with the feds and pay for it later
Rumor is the new bill will provide funding to give everyone who received the grant initally the full 10K advance instead of 1K per employee up to 10K
A couple of my son's friends have gotten this grant. I know they lied on the application but I can definitely say they got the 10 rack!
The SBA has changed the rules again. If you got the EIDL grant and PPP. They are now going to reduce your PPP loan forgiveness by the amount of your EIDL grant.
I did not get PPP. I’ll check my email though .
Did not see any email from SBA about the PPP changes. I figure if ppl received both or more then they can possibly expect changes on what will be forgiven. Make sure you guys actually read the promissory note in full as that is the only legal binding agreement between borrowers and lenders.
Did anyone else apply for the EIDL increase? It ends this year.
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There is a young lady I know that I forwarded the link for PPP and EIDL to and she said she was able to receive the EIDL along with a municipal grant from her town. She was shut down for 4 months and thought she would be unable to reopen but the money came through. Glad to hear at least one success story for small businesses. I've seen way too many shut their doors.
Below is link to the bill they sent Trump so y’all can follow along
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I just got the email. Im about to apply. Got a house being built and ready to close in may or june so that $ will come in handy
Just had to answer a set of questions and update gross revenue monthly for 2019 and 2020. Hopefully they will gone head and approve the rest within a few weeks. I read the faq's and the money is a 100% grant. Hopefully some more brothers on the board get it.
They just approved me for the 9k targeted advance grant. I withdrew myself from the loan last summer. But now have the full grant.
My bro. Thanks so much for following up. I was thinking about this just last night cause I need that bread.
Can you let me know when you submitted your claim? Cause I submitted mine in February!
Can you let me know when you submitted your claim? Cause I submitted mine in February!
They just approved me for the 9k targeted advance grant. I withdrew myself from the loan last summer. But now have the full grant.
Did the initial form February 8, they emailed me and had me fill out the 2019 tax retun transcript forms on February 25 and approved me today.
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Man, this is right on time. I did everything you did, on the same dates. I thought my shit got lost in the shuffle since it's been nearly 2 months. Hope my approval comes within the next few days.
I see alot of folks getting approvals now. Hopefully within the next month they will be sending out invitations for the extra 5k grants from the last bill passed.
Yours will probably hit soon. They said the IRS has been backed up with sending out the tax return transcripts. They saying the sba is funding 21 days after receiving the tax transcripts
After I applied, a couple weeks later they sent me a link to create and login to my account to sign a waiver allowing them to access my 2019 Tax return.
They just approved me for the 9k targeted advance grant. I withdrew myself from the loan last summer. But now have the full grant.
I filled out the info for the Targeted advance and sent a voided check with ID earlier in March. Good to know they are processing applications and getting the money out. It should hit this week or next
Im waiting on that email man. My regular W2 job i made $ during 2020 but my side hustle suffered. That 10k came in handy. Hopefully they chunk me the 5k also lol