[WestCoastFunding]

UPDATE

So today marks the 1st day I can submit a payment request for the unemployment I was approved for.

Today I received an automated email at 8:52AM CST from the Workforce Commission with the subject line that reads "It's Time to Request Payment". In the body of the email, included the link that I should click on to be taken to the website that I would login to to request the payment. The problem is that the website will not come up! I am receiving an error page that states "This site can't provide a secure connection, apps.twc.state.tx.us sent an invalid response." I have been trying randomly through the day, to see If I can get through.. But currently no luck. I am sure millions of people are trying to request payment.

Also I have not received any info about the extra $600 per week payment that the fed is adding to people that qualify for the regular state unemployment program. Maybe once I file the payment request and receive the check, the check will be $600 more than what the state currently shows that I approved for.

I have completed and submitted the application with my Bank for the Paycheck Protection Program.

I have completed and submitted the application with the SBA for the Economic Injury Disaster Loan Emergency Advance.

I am not sure I will take any of the money, but I will cross that bridge when I get there. I figured it would be best to at least go ahead and get in line.

Will update the thread with any new development..

Would you turn-down the $10,000?

[Winning]

Would you turn-down the $10,000?

From what I understand, if I take the PPP, but not use it for the approved items I have to pay it back over 2 years at 1% APR..

So I need to make sure I understand how the fund works if I take the money, but only use it for rent and utilities payments and not hire any employees back. My operation make use of more contractors anyway.

With the $600 bonus that is added to the unemployment, the numbers maybe be better for the employees to file unemployment vs being on my payroll.

I think the government messed up a little bit by adding that additional $600 to the unemployment.

Reread my post #4 in this thread... That is a lot of money people are eligible for with out being on anyone's payroll, and also the companies are not on the hook to do anything.

[WestCoastFunding]

From what I understand, if I take the PPP, but not use it for the approved items I have to pay it back over 2 years at 1% APR..

So I need to make sure I understand how the fund works if I take the money, but only use it for rent and utilities payments and not hire any employees back. My operation make use of more contractors anyway.

With the $600 bonus that is added to the unemployment, the numbers maybe be better for the employees to file unemployment vs being on my payroll.

I think the government messed up a little bit by adding that additional $600 to the unemployment.

Reread my post #4 in this thread... That is a lot of money people are eligible for with out being on anyone's payroll, and also the companies are not on the hook to do anything.

The $10,000 would be the EIDL cash advance. Does not have to be repaid.