Author Topic: Coronavirus Stimulus Aid Package  (Read 25702 times)

Offline mgarfin

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Re: Coronavirus Stimulus Aid Package
« Reply #300 on: April 02, 2020, 09:49:23 PM »
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)

What's the feeling of 500 based on?
Supposably they should be funding the grant within three days of the application

Online thebudgetdeals

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Re: Coronavirus Stimulus Aid Package
« Reply #301 on: April 02, 2020, 09:52:46 PM »
Anyone actually filed a EIDL application under new current guidelines?

Offline S209

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Re: Coronavirus Stimulus Aid Package
« Reply #302 on: April 02, 2020, 10:41:07 PM »
Anyone actually filed a EIDL application under new current guidelines?
I filed an application yesterday. What are the new current guidelines? We’ll see if I get 10K by Monday
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Offline churnbabychurn

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Re: Coronavirus Stimulus Aid Package
« Reply #303 on: April 02, 2020, 11:09:13 PM »
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.

Offline cgr

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Re: Coronavirus Stimulus Aid Package
« Reply #304 on: April 02, 2020, 11:12:05 PM »
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.
That was always the case. The 10k then gets deducted from the forgiveness request on the PPP.

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Re: Coronavirus Stimulus Aid Package
« Reply #305 on: April 03, 2020, 12:26:54 AM »
Per new guidance to banks tonight, one can get the 10k Grant and then the PPP.
Whats the link to this info?

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Re: Coronavirus Stimulus Aid Package
« Reply #306 on: April 03, 2020, 12:28:26 AM »
I filed an application yesterday. What are the new current guidelines? We’ll see if I get 10K by Monday
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?

Offline mgarfin

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Re: Coronavirus Stimulus Aid Package
« Reply #307 on: April 03, 2020, 12:32:29 AM »
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?

EIDL
Is filled for here
https://covid19relief.sba.gov/#/

PPP we be through sba lenders

Offline cholent

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Re: Coronavirus Stimulus Aid Package
« Reply #308 on: April 03, 2020, 12:42:09 AM »
What makes a business eligible for the EIDL grant?
Don't ask stupid questions and you won't get stupid answers

Offline Jack out of the box

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Re: Coronavirus Stimulus Aid Package
« Reply #309 on: April 03, 2020, 06:15:54 AM »
Tried two sites and it will not let you e-file if your income is zero. Says IRS will not accept e-file for it and must be mailed.
Before getting to tricks of the pros, let's wait and see if the IRS opens a system for these cases. They did give indication that they may do something.

Offline S209

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Re: Coronavirus Stimulus Aid Package
« Reply #310 on: April 03, 2020, 06:22:57 AM »
What makes a business eligible for the EIDL grant?
Just about anything AFAIK. Your business just needs to have been substantially affected by Covid. Who’s hasn’t?
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Offline S209

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Re: Coronavirus Stimulus Aid Package
« Reply #311 on: April 03, 2020, 06:23:32 AM »
Thru whom did you file? SBA or a bank?
Which documents/proof did you have to provide?
DId you ask for a specific amount or it totally depends on what they approve?

You don’t ask for an amount on the application although that might come later
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Offline churnbabychurn

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Re: Coronavirus Stimulus Aid Package
« Reply #312 on: April 03, 2020, 06:32:44 AM »
That was always the case. The 10k then gets deducted from the forgiveness request on the PPP.
Source?

Offline Jack out of the box

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Re: Coronavirus Stimulus Aid Package
« Reply #313 on: April 03, 2020, 06:33:18 AM »
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
High school students and college freshmen may be dependents in which case they would not qualify for the handouts.