Did anyone apply for that 10K grant under the SBA Economic Injury Disaster Loan program??

Mask

"OneOfTheBest"
Platinum Member
Naw... this is what u gotta do...
Pay some "Folks" out of the allocated PPP account..write checks..let them cash em...give said "Folks" W2 forms...now these "Folks" are your employees...do THESE "Folks" taxes for them..with turbo tax.. next year..25 percent of this PPP..can go towards YOUR bills...and if all else fails...it's dam near Dolla for Dolla..on the payback... KillaMayne out.. brah
@TENT

Do you or anyone think any of this would work in my case. I have Lawn service business, but never filed any taxes or anything. Since I been off of work, I’ve been look at jobs and talking to people about getting more properties to take care of.
 

killagram

Rising Star
BGOL Investor
Do you or anyone think any of this would work in my case. I have Lawn service business, but never filed any taxes or anything. Since I been off of work, I’ve been look at jobs and talking to people about getting more properties to take care of.

Do you have a business bank account? Brah
 

Mask

"OneOfTheBest"
Platinum Member
Do you have a business bank account? Brah

naw never did anything, purchased the equipment, because it fell in my lap and to help a friend out.
He suggested for me to get a company Name, register and make sure all of the paperwork got done . I did thru LegalZoom, just incase I ever got serious.

Well it seems like the perfect time to get serious.
 

killagram

Rising Star
BGOL Investor
naw never did anything, purchased the equipment, because it fell in my lap and to help a friend out.
He suggested for me to get a company Name, register and make sure all of the paperwork got done . I did thru LegalZoom, just incase I ever got serious.

Well it seems like the perfect time to get serious.

Try as individual self employed...problem is gonna come from..you can't show income from said business...get someone to 1099 you right quick..only way.. brah
 

dHustla

Rising Star
Registered
Do you or anyone think any of this would work in my case. I have Lawn service business, but never filed any taxes or anything. Since I been off of work, I’ve been look at jobs and talking to people about getting more properties to take care of.
Yes. I'm in Lawn care.
Have workers, day laborers, and pay them a check out of the business account.

There are places in ATL where they can cash these checks without ID, usually Asian or Indian(hindu) owned. Have them give you a kickback, go with them if you have to.

As long as you dont pay a person over $600 for the year you dont have to W-2 or 1099 them. So it's in your best interest to use "different people" to keep their YTD totals under $600 each.

Also, Hispanics usually have 4 names, first, middle, father's last name, mother's last name. Ex. Guillermo Reducindo Hernandez Jimenez

Read between the lines
 

dHustla

Rising Star
Registered
@YoungSinister Yup.
UPDATE!!!!!
I got the FULL $10k from the EIDL today! I just checked my credit reports and I haven't had any inquires. I applied on 2 Apr. I didn't apply for the PPP because I don't have employees that I pay, they pay me (Barbershop/Salon). Also, I didn't get an email that stated that i was approved or denied nor a letter.
Can someone explain to me how the $1k relates to the $10k as far as the EIDL is concerned?

If we get the $1k are automatically in line for the $10k?
How much longer after the $1k does the $10k drop?
Is there something that needs to be done in between? Email? Approval?
 

balls deep

Star
Registered
Literally no oversight! I got 1k but I bet dudes applying with multiple tax ids getting lots of money!
Not really. I am a real estate agent and I applied for the funding with that. I also have small video production service that I applied for and I only received 1 payment of $1000.
 

neptunes007

Rising Star
BGOL Investor
I told a few folks to apply and start their llcs with it..... i checked last week every last one of em had a variation of "damn I forgot, " "they wasn't gonna give it to US no way,".......etc.....

Welp

Anyone who says “they wasn't gonna give it to US no way” more than likely hasn’t done their taxes in 3-4 years or they don’t have a real LLC that is registered with the Sec. of State or Dept of Revenue. You gotta have all your ducks in a row for the process to go smoothly.
 
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TENT

Rising Star
BGOL Investor
Is this for the PPP? If so, that was a prequalification. They will email you for more details soon. Then you have to finish up the application.
See, the banks on that bullshit! Initially I tried to apply early on with SunTrust and they didnt even have an application, they were still figuring out the details.

I clicked the SBA link in this thread and applied directly, they didn't ask for any documentation!
 

neptunes007

Rising Star
BGOL Investor
Naw... this is what u gotta do...
Pay some "Folks" out of the allocated PPP account..write checks..let them cash em...give said "Folks" W2 forms...now these "Folks" are your employees...do THESE "Folks" taxes for them..with turbo tax.. next year..25 percent of this PPP..can go towards YOUR bills...and if all else fails...it's dam near Dolla for Dolla..on the payback... KillaMayne out.. brah
@TENT

giphy.gif
 

dHustla

Rising Star
Registered
Anyone who says “they wasn't gonna give it to US no way” more than likely hasn’t done their taxes in 3-4 years or they don’t have a real LLC that is registered with the Sec. of State or Dept of Revenue. You gotta have all your ducks in a row for the process to go smoothly.
I haven't filed since 2017
 

dHustla

Rising Star
Registered
Is this for the PPP? If so, that was a prequalification. They will email you for more details soon. Then you have to finish up the application.
No. I was too early for the PPP with my bank and didn't follow up on it before they ran out of money, now their not taking applications anymore for PPP
 

neptunes007

Rising Star
BGOL Investor
I haven't filed since 2017

Really. I know a guy w/ an LLC who hasn’t filed since 2014, I don’t think he applied for the EIDL though. I can’t afford to play that game. Rather be safe than sorry when it comes to the IRS.
 

Mr.Chuckles

Chuckle
BGOL Investor
So now they sent notice to banks to investigate these loans for fraud. :smh: Basically, wanting folks to prove they exhausted all avenues before applying. I guess it's like a 'fuck you' lotto since there are so many applicants.

Government ain't shit man. Wonder how this will play out.
Smoke and mirrors these FUCKTARD banks got caught giving loans to big corps. and saying fuck you to small and medium businesses so the Trump/Media had to change the narrative to point the finger at the applicants instead of the banks, anyone who has applied for the PPE know how involved that loan documentation is.
 

HarlemWorld123

Rising Star
BGOL Investor
Received PPP approval email on Thursday, said my acct would be funded in 3 days. Funds were in the acct next day. I finally received a generic email from SBA yesterday regarding EIDL saying that my application was received. I submitted two applications the 2nd week of April. The letter did not specify which company it was referencing. I'll keep a look out for further updates.
 

TIMEISMONEY

Rising Star
BGOL Investor
Got my PPP funds for one of my companies yesterday. Signed the promissory notes for 2 businesses yesterday, but have only recieved the funds for one so far. By Monday or Tuesday the others funds should be there. So far, I have received funding for 2 of my companies.
 

badboyyawdie

Rising Star
Platinum Member
Not really. I am a real estate agent and I applied for the funding with that. I also have small video production service that I applied for and I only received 1 payment of $1000.
So u tried to get money for both entities? But only got one? I bet some people have family members applying under umbrella LLCs.
 
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