Author Topic: Coronavirus Stimulus Aid Package  (Read 25577 times)

Offline etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 11533
  • Total likes: 1526
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: Coronavirus Stimulus Aid Package
« Reply #285 on: April 02, 2020, 05:56:07 PM »
.
But as you said that is specific to PUA not regular unemployment?
Workflowy. You won't know what you're missing until you try it.

Offline cgr

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2017
  • Posts: 2312
  • Total likes: 399
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #286 on: April 02, 2020, 06:13:47 PM »
But as you said that is specific to PUA not regular unemployment?
No. It's for all unemployment. See the section for general unemployment questions

Offline TravelSER

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2016
  • Posts: 187
  • Total likes: 7
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #287 on: April 02, 2020, 07:02:55 PM »
Ok thanks. Will look into it.
Any clarification on this?

Offline cgr

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2017
  • Posts: 2312
  • Total likes: 399
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #288 on: April 02, 2020, 07:13:56 PM »
Any clarification on this?
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.

Offline shapsam

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Feb 2017
  • Posts: 2434
  • Total likes: 364
  • DansDeals.com Hat Tips 10
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #289 on: April 02, 2020, 07:20:11 PM »
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.
Do you need to apply for the PPP loan in order to get the $10k or is this application enough?
https://covid19relief.sba.gov/#/

Offline cgr

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2017
  • Posts: 2312
  • Total likes: 399
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #290 on: April 02, 2020, 07:24:44 PM »
Do you need to apply for the PPP loan in order to get the $10k or is this application enough?
https://covid19relief.sba.gov/#/
This application, EIDL, is for the 10k grant.
The PPP is a different program with different rules and no grant (does have a forgiveness option but with stricter rules on how/when to use)

Offline TravelSER

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2016
  • Posts: 187
  • Total likes: 7
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #291 on: April 02, 2020, 07:25:32 PM »
Yes, the grant is separate from the loan. Not sure how it's supposed to work (as far as the gov is concerned) because you can always choose not to take the loan, which means they're giving grants away to anyone who has seichel enough to fill out an application and use the money for allowed expense.
Thanks.

Offline shapsam

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Feb 2017
  • Posts: 2434
  • Total likes: 364
  • DansDeals.com Hat Tips 10
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #292 on: April 02, 2020, 07:26:49 PM »
This application, EIDL, is for the 10k grant.
The PPP is a different program with different rules and no grant (does have a forgiveness option but with stricter rules on how/when to use)
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 22460
  • Total likes: 877
  • DansDeals.com Hat Tips 74
    • View Profile
  • Location: NYC
Re: Coronavirus Stimulus Aid Package
« Reply #293 on: April 02, 2020, 07:28:46 PM »
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?

From the application it seems like itís ďup to $10kĒ, and on a PowerPoint from an an SBA office it seemed like how much might depend on # of employees. Could very well have been a PowerPoint created by someone who made incorrect assumptions.
My barber needs your support, heís a real sweetheart.

https://www.gofundme.com/f/save-our-barber-shop

Offline cgr

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2017
  • Posts: 2312
  • Total likes: 399
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #294 on: April 02, 2020, 07:30:11 PM »
So anyone that has ANY small business can get $10k if they feel they were impacted by covid?
Yes, but grant must be used for certain expenses such as payroll (under EIDL company doesn't have to have any), mortgage/rent, utilities etc all in the companies name.
I have a feeling most people will be seeing grants in the $500 range because of the volume of applications (remember it's up to 10k)

Offline S209

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jun 2016
  • Posts: 4513
  • Total likes: 1242
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
    • Gowns By Shevy
  • Location: Lakewood, NJ
  • Programs: Marriott Gold, SPG Gold, Ritz Carlton Gold, *G, Hyatt Explorist, Hertz PC, National EE, Rock Royalty Wild Card, Wyndham Diamond, MLife Gold, Total Rewards Diamond, Hilton Diamond, Uber VIP, IHG Platinum Elite, DDF Prez Platinum Elite, AmEx Platinum
Re: Coronavirus Stimulus Aid Package
« Reply #295 on: April 02, 2020, 08:15:15 PM »
Banks receive a 5% origination fee on loans up to 350K and 3% from 350K-2M. Donít know what they get 2M-10M.

Seems itís 1% above 2M

https://home.treasury.gov/system/files/136/PPP--IFRN%20FINAL.pdf
Gowns By Shevy
732-806-1136
info@gownsbyshevy.com

Offline Shauly101

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Feb 2015
  • Posts: 468
  • Total likes: 20
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: לבי במזרח
  • Programs: Dirshu!
Re: Coronavirus Stimulus Aid Package
« Reply #296 on: April 02, 2020, 08:40:47 PM »
is the 600 Unemployment based on income? or is it a flat amount no matter the income amount?

Offline etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 11533
  • Total likes: 1526
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: Coronavirus Stimulus Aid Package
« Reply #297 on: April 02, 2020, 08:46:22 PM »
is the 600 Unemployment based on income? or is it a flat amount no matter the income amount?
flat amount
Workflowy. You won't know what you're missing until you try it.

Offline justmeha

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2019
  • Posts: 935
  • Total likes: 90
  • DansDeals.com Hat Tips 7
    • View Profile
Re: Coronavirus Stimulus Aid Package
« Reply #298 on: April 02, 2020, 09:04:04 PM »
Anyway to e-file a return with 0.00 income?
has anybody figured this out? or now that social security recipients will get it automatically everybody else (high school students and college freshmans) are out of luck

Offline etech0

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 11533
  • Total likes: 1526
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: not lakewood
  • Programs: DDF
Re: Coronavirus Stimulus Aid Package
« Reply #299 on: April 02, 2020, 09:07:09 PM »
Workflowy. You won't know what you're missing until you try it.