[Winning]

How in god’s heaven do I get some of this $2 Trillion??

I cannot miss out this time!

Are you an employee of someone else's company, an employee of your own company, or a contractor?

What you are able to get, depends on what you are.

If you are an employee of your own company (like I am) you are eligible for the most assistance. Because you get the employee assistance and your business can then get the business assistance.

Check out some of the things the stimulus package is making available for business.

https://www.bloomberg.com/news/artic...rescue-program

The U.S. will forgive the debt used for payroll costs, mortgage interest, rent and utility payments, as long as businesses maintain the same number of employees it had before the coronavirus crisis and all employees receive at least 75% of their prior pay. For businesses that reduce their headcount or reduce wages more than 25%, the amount of the loan forgiven will be reduced in proportion to payroll cuts, but the companies can rehire employees in coming weeks without penalty.

The small business loans will be 2.5 times monthly payroll costs, although some groups in the travel and restaurant industries had sought four times operating costs. The loans come with a rate of 4% or below, and the maximum loan amount is $10 million.

The bill also allows franchise-like businesses in accommodations and food service to benefit from the loans even if they have multiple locations, so long as each location has fewer than 500 employees. It also provides for businesses that have applied for a disaster loan because of the virus to receive an advance grant of*up to*$10,000.

A separate program will provide $17 billion to pay the principal, interest, and fees on outstanding SBA loans temporarily. While far smaller than the $350 billion program, this relief could be more immediate, Huston said, because the government already has the names of small business owners with such loans and it can cut a check quickly. There are roughly $100 billion of such loans outstanding, she said.

[SmartAdvanced]

Are you an employee of someone else's company, an employee of your own company, or a contractor?

What you are able to get, depends on what you are.

If you are an employee of your own company (like I am) you are eligible for the most assistance. Because you get the employee assistance and your business can then get the business assistance.

Check out some of the things the stimulus package is making available for business.

https://www.bloomberg.com/news/artic...rescue-program

The U.S. will forgive the debt used for payroll costs, mortgage interest, rent and utility payments, as long as businesses maintain the same number of employees it had before the coronavirus crisis and all employees receive at least 75% of their prior pay. For businesses that reduce their headcount or reduce wages more than 25%, the amount of the loan forgiven will be reduced in proportion to payroll cuts, but the companies can rehire employees in coming weeks without penalty.

The small business loans will be 2.5 times monthly payroll costs, although some groups in the travel and restaurant industries had sought four times operating costs. The loans come with a rate of 4% or below, and the maximum loan amount is $10 million.

The bill also allows franchise-like businesses in accommodations and food service to benefit from the loans even if they have multiple locations, so long as each location has fewer than 500 employees. It also provides for businesses that have applied for a disaster loan because of the virus to receive an advance grant of*up to*$10,000.

A separate program will provide $17 billion to pay the principal, interest, and fees on outstanding SBA loans temporarily. While far smaller than the $350 billion program, this relief could be more immediate, Huston said, because the government already has the names of small business owners with such loans and it can cut a check quickly. There are roughly $100 billion of such loans outstanding, she said.

Bottom line where do I sign??

[WestCoastFunding]

Bottom line where do I sign??

Cant sign anything until the SBA goes through its rule-making process - which they must complete in no longer than 10-15 days.Nothing is operational yet.

The $10,000 cash advance is handled directly on the SBA website (have to download 2 forms, hand-sign, and then drag and drop into a dropbox like format on the webpage).

PPP will be handled by SBA lenders. Will need to provide SBA app, year P&L, payroll report or paystubs, bank statements, utility bills, rent/lease payments, bank statements, operating agreement, drivers license, articles of incorp, and some others.