Search found 1599 matches

by gilgamesh
Fri Apr 24, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can someone explain to me what is this 7(a) loan and how do I apply? This was brought up before...this loan from SBA can be applied until September and still have 6 months paid. It’s not the PPP 7(a) as the SBA will not pay principal and interest for PPP. https://www.sba.gov/funding-programs/loans/...
by gilgamesh
Fri Apr 24, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can someone explain to me what is this 7(a) loan and how do I apply? This was brought up before...this loan from SBA can be applied until September and still have 6 months paid. It’s not the PPP 7(a) as the SBA will not pay principal and interest for PPP. https://www.sba.gov/funding-programs/loans/...
by gilgamesh
Fri Apr 24, 2020 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Hayden wrote:
Fri Apr 24, 2020 3:46 pm
Has anyone looked into the Employee Retention Credit? I have a small S Corp. The employee retention credit might make more sense for me than the PPP.
Yes I have...
by gilgamesh
Fri Apr 24, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can someone explain to me what is this 7(a) loan and how do I apply? This was brought up before...this loan from SBA can be applied until September and still have 6 months paid. It’s not the PPP 7(a) as the SBA will not pay principal and interest for PPP. https://www.sba.gov/funding-programs/loans/c...
by gilgamesh
Wed Apr 22, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check when taxes overpaid put towards 2020 quarterly.
Replies: 8
Views: 631

Re: Stimulus check when taxes overpaid put towards 2020 quarterly.

2beachcombers wrote:
Wed Apr 22, 2020 12:14 pm
Same problems-no refund, no payment. One good note was conformation of payment eligibility after completing 1st page
Hope that confirmation is valid...why is it so darn difficult to fix this bug, crazy!
by gilgamesh
Mon Apr 20, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

That button only allowed you to apply for the advance not the actual loan. That is how it works. I received the advance about 2 weeks later. Have not received further communication about actually applying for the loan itself. There is NOT a separate application. The form you filled out online WAS t...
by gilgamesh
Mon Apr 20, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check when taxes overpaid put towards 2020 quarterly.
Replies: 8
Views: 631

Stimulus check when taxes overpaid put towards 2020 quarterly.

When I try to input my direct deposit information, I keep getting an error message. I overpaid my 2019 taxes and put the excess towards 2020 quarterly. I’ve tried every combination. If I put zero for amount refunded it takes me to the next page and displays an error message. All other combination sh...
by gilgamesh
Thu Apr 16, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

EIDL $10,000 forgiveness will be based on $1000 per FTE. And contractors will not be counted as part of the FTE calculation. How does SBA know the FTE. I have seen other suggestions that you pay yourself personal check every month. But a) That will be only $1000 since you are one FTE only b) To sta...
by gilgamesh
Wed Apr 15, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

EnjoyIt wrote:
Wed Apr 15, 2020 10:04 am
gilgamesh wrote:
Wed Apr 15, 2020 9:24 am
My EIDL payment of $1k per employee came yesterday.
Congrats. When did you apply?
A few hours after the streamlined portal opened...my application sequence # was less than 12,000
by gilgamesh
Mon Apr 13, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

It is $1k per employee ...just got this email Dear Applicant, On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). ...
by gilgamesh
Mon Apr 13, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

It is $1k per employee ...just got this email Dear Applicant, On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). T...
by gilgamesh
Fri Apr 10, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Anyone know the answer to this question, previously posed by simas: How will a sole proprietor show that the PPP money was used for payroll, which is a requirement for loan forgiveness? Write a check from your business account to your personal account. Maybe it is that simple. And I'll write "Salar...
by gilgamesh
Thu Apr 09, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Theseus wrote:
Thu Apr 09, 2020 9:23 am
EIDL $10,000 forgiveness will be based on $1000 per FTE. And contractors will not be counted as part of the FTE calculation.
Thanks....it is getting diluted more and more

FTE during what period? Definition of FTE (is it 30hr/wk, 40hr/wk etc)?

Do you have an official source?
by gilgamesh
Wed Apr 08, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Does anyone know where I could data on loan approved by SBA to-date?

On day 1 they released data, does anyone know how much has been distributed thus far?
by gilgamesh
Tue Apr 07, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Some back of the napkin math: Congress appropriated $350 billion. There are 30 million small (<500 employees) businesses in the US. These businesses employ 120,000,000 people. $350,000,000,000 / 30,000,000 = $11,666.67 per business. $350,000,000,000 / 120,000,000 = $2,916.67 per employee. Don't hol...
by gilgamesh
Mon Apr 06, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Bosro wrote:
Mon Apr 06, 2020 10:32 pm
gilgamesh wrote:
Mon Apr 06, 2020 10:07 pm
Bosro wrote:
Mon Apr 06, 2020 8:05 pm
The Massachusetts SBA tweeted saying 1k per employee. That tweet has been deleted now.
Their website still has it -

https://content.govdelivery.com/account ... ns/284f240
I don’t believe that’s the SBA website.
You are right...looks like a copy of the page?
by gilgamesh
Mon Apr 06, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Bosro wrote:
Mon Apr 06, 2020 8:05 pm
The Massachusetts SBA tweeted saying 1k per employee. That tweet has been deleted now.
Their website still has it -

https://content.govdelivery.com/account ... ns/284f240
by gilgamesh
Mon Apr 06, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: EIDL amount?

Any idea how this employee count is done? If it’s based off of 2019 W2’s I have over 10 as I had some temp W2’s....I put the number on payroll for the last pay period....didn’t realize it was important - I had more temps earlier this year too Based on summaries elsewhere (e.g. https://www.arnoldpor...
by gilgamesh
Mon Apr 06, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: EIDL amount?

Has anyone received the advance yet, and do we know how the SBA computes the EIDL/EIDG amount? I ran across an SBA SOP document that indicates that under the simplest computation the "economic injury" is 1/3 of your annual sales × your gross margin % (page 74). Based on the info collected in the st...
by gilgamesh
Mon Apr 06, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: EIDL amount?

Has anyone received the advance yet, and do we know how the SBA computes the EIDL/EIDG amount? I ran across an SBA SOP document that indicates that under the simplest computation the "economic injury" is 1/3 of your annual sales × your gross margin % (page 74). Based on the info collected in the st...
by gilgamesh
Mon Apr 06, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: EIDL amount?

Has anyone received the advance yet, and do we know how the SBA computes the EIDL/EIDG amount? I ran across an SBA SOP document that indicates that under the simplest computation the "economic injury" is 1/3 of your annual sales × your gross margin % (page 74). Based on the info collected in the st...
by gilgamesh
Mon Apr 06, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

FYI Heard from BOA late last night re PPP loan request. My company is a S-Corp, 100% ownership by me. After setting up an online account as per the instructions from BOA. Had to submit: Form 940 for 2019 CPA report on payroll till 2.15 PPP addendum with loan request. In our case the requested loan ...
by gilgamesh
Mon Apr 06, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

FYI Heard from BOA late last night re PPP loan request. My company is a S-Corp, 100% ownership by me. After setting up an online account as per the instructions from BOA. Had to submit: Form 940 for 2019 CPA report on payroll till 2.15 PPP addendum with loan request. In our case the requested loan ...
by gilgamesh
Sun Apr 05, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Now some official channels are saying, as per interim guideline, those who have applied for EIDL (including advance) will not be eligible for PPP. Email said they are lobbying Congress to change interim guideline to what the actual law said. Has anyone seen this in the interim guideline? If you fin...
by gilgamesh
Sun Apr 05, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can someone please help me understand my PPP loan scenario and what I can do. Hopefully my math example can also help others. Facts: S-Corp with 1 employee, me w2 >$100k per year or >$8,333 per month Home office with office utilities and mortgage interest and property tax attributed to the office i...
by gilgamesh
Sun Apr 05, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

That’s what I did with my PPP loan, but when a business is evaluated, deductions like amortization, depreciation etc., which are not true cost of running businesses are added back to look at true net profit....isn’t this correct? We are talking about sole proprietorships. Have you looked at your Sc...
by gilgamesh
Sun Apr 05, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can someone please help me understand my PPP loan scenario and what I can do. Hopefully my math example can also help others. Facts: S-Corp with 1 employee, me w2 >$100k per year or >$8,333 per month Home office with office utilities and mortgage interest and property tax attributed to the office i...
by gilgamesh
Sun Apr 05, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Same question here, though being the sole employee in my business, I apparently can’t apply until April 10th anyway. I searched but have not found any guidance on that. I also do not understand the distinction between 'sole proprietor' and 'self employed individual' and 'independent contractor'- ar...
by gilgamesh
Sat Apr 04, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

For those concerned about funds running out...both Pelosi and Trump have already stated they'll ask for more funds if the program needs it. Economists estimate the actual need at closer to 1 trillion. This is unprecedented, so it's no surprise it stumbled out of the gates on Friday. Borrowers and l...
by gilgamesh
Sat Apr 04, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

For those concerned about funds running out...both Pelosi and Trump have already stated they'll ask for more funds if the program needs it. Economists estimate the actual need at closer to 1 trillion. This is unprecedented, so it's no surprise it stumbled out of the gates on Friday. Borrowers and l...
by gilgamesh
Sat Apr 04, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

This example is in the actual ‘interim guideline’....the organization that sent me the email is inept... Example 3 – No employees make more than $100,000, outstanding EIDL loan of $10,000. Annual payroll: $120,000 Average monthly payroll: $10,000 Multiply by 2.5 = $25,000 Add EIDL loan of $10,000 = ...
by gilgamesh
Sat Apr 04, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

From April 2nd Interim Final Rule: e. How do I calculate the maximum amount I can borrow? v. Step 5: Add the outstanding amount of an Economic Injury Disaster Loan (EIDL) made between January 31, 2020 and April 3, 2020, less the 9 amount of any “advance” under an EIDL COVID-19 loan (because it does...
by gilgamesh
Sat Apr 04, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Now some official channels are saying, as per interim guideline, those who have applied for EIDL (including advance) will not be eligible for PPP. Email said they are lobbying Congress to change interim guideline to what the actual law said. Has anyone seen this in the interim guideline? If you find...
by gilgamesh
Sat Apr 04, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

In fact the interim guidelines does not say how this advance of up to $10k is treated when it comes to PPP forgiveness - just says ‘SBA will issue further guidelines’....so, the worse is they can say it’s removed from the PPP forgiveness amount - net zero... Section 1110 of the CARES Act specifical...
by gilgamesh
Fri Apr 03, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can anyone say why this option is not better than the ppp loan ? Given sba pays the principal ? Small Business Debt Relief Program This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan p...
by gilgamesh
Fri Apr 03, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can anyone say why this option is not better than the ppp loan ? Given sba pays the principal ? Small Business Debt Relief Program This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan p...
by gilgamesh
Fri Apr 03, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I must have missed the 15 days of delay part. Can you point out where in the law it states? I want to make sure I understand in providing my guidance to others. We know the ‘Families First Coronavirus’ bill went into effect yesterday after 15 days from being signed into law....it is widely reported...
by gilgamesh
Fri Apr 03, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can anyone say why this option is not better than the ppp loan ? Given sba pays the principal ? Small Business Debt Relief Program This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan p...
by gilgamesh
Fri Apr 03, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

That entirely defeats the purpose of having a 3 day or any length time frame. :oops: As the law is written, it gives 15 days from the day it was signed into law, before which the various components needs to be in place. After that, the $10k advance needs to be distributed within 3 days from receivi...
by gilgamesh
Fri Apr 03, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Day 1 of PPP update: https://www.washingtonpost.com/business/2020/04/02/federal-small-business-loan-program-faces-rocky-start-bankers-pump-breaks/?utm_campaign=wp_main&utm_medium=social&utm_source=facebook Do they have data on amount requested (nvrm...$22B today as per SBA Facebook post)...heard Bo...
by gilgamesh
Fri Apr 03, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Day 1 of PPP update: https://www.washingtonpost.com/business/2020/04/02/federal-small-business-loan-program-faces-rocky-start-bankers-pump-breaks/?utm_campaign=wp_main&utm_medium=social&utm_source=facebook Do they have data on amount requested (nvrm...$22B today as per SBA Facebook post)...heard Bo...
by gilgamesh
Fri Apr 03, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Day 1 of PPP update: https://www.washingtonpost.com/business/2020/04/02/federal-small-business-loan-program-faces-rocky-start-bankers-pump-breaks/?utm_campaign=wp_main&utm_medium=social&utm_source=facebook Do they have data on amount requested (nvrm...$22B today as per SBA Facebook post)...heard Bo...
by gilgamesh
Fri Apr 03, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I just logged in to BOA and applied for the PPP. I had done the EIDL Monday but figured I'd give it a try and see what sticks. Now there is just a spinning "progress" circle on the web page. Ugh. Not sure if the application is actually being processed. Seems like internet overload... Cheers ETA: I ...
by gilgamesh
Fri Apr 03, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

This thread is extremely helpful :beer Doing research for my father-in-law who has a sole prop with business down. Seems like being a sole sole proprietorship he could now apply for EIDL up to $10K (making sure to select box asking for a grant on the application). Does not have to be repaid. Then o...
by gilgamesh
Fri Apr 03, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I just logged in to BOA and applied for the PPP. I had done the EIDL Monday but figured I'd give it a try and see what sticks. Now there is just a spinning "progress" circle on the web page. Ugh. Not sure if the application is actually being processed. Seems like internet overload... Cheers ETA: I ...
by gilgamesh
Fri Apr 03, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I just logged in to BOA and applied for the PPP. I had done the EIDL Monday but figured I'd give it a try and see what sticks. Now there is just a spinning "progress" circle on the web page. Ugh. Not sure if the application is actually being processed. Seems like internet overload... Cheers ETA: I ...
by gilgamesh
Fri Apr 03, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Almost 3.7M. Just signed up and my number was 3.xxxx Billion. I am confident these are not sequential. The confirmations all start with either 33 or 36. The number after that is sequential. You are correct, my mistake. I should have written 3.7 billion. I applied minutes after the portal opened.......
by gilgamesh
Fri Apr 03, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 34196

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I must have missed the 15 days of delay part. Can you point out where in the law it states? I want to make sure I understand in providing my guidance to others. EIDL advance goes active on April/3rd ...within 3 days funds up to $10k should be distributed. https://www.sba.gov/funding-programs/loans/...