$10,000 EIDL GRANT

Discussion in 'Ask An Owner Operator' started by Scooter Jones, Apr 3, 2020.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    Which loan are you referring to? EILD?
     
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  3. xsetra

    xsetra Road Train Member

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  4. Blackhorse77

    Blackhorse77 Light Load Member

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    We all shouldn’t even take lower rates. Let brokers sit on it for two weeks. You won’t lose anything in the long run. What you lose for two weeks you will make up soon enough. Once you start with low rates, it would be hard to bring those up.
    And I am a new operator with the MC number saying this. And we have it even harder because not everyone will take us with the new MC number. We are not even operating two months on our own. We decided not to take anything on Monday or Tuesday. The rates were bad! I rather take a loan then drive the truck for nothing. If you take cheap loads, you are doing it to yourself.
     
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  5. Rideandrepair

    Rideandrepair Road Train Member

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    53BC3E4C-9964-491B-A737-AC2B66EBFDE6.png
    PPP, date says 9-30
     
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  6. Rideandrepair

    Rideandrepair Road Train Member

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    Nightly News just said that they have expanded the sba Lender base. Suggest going to the site, and start calling lenders. Said most Lenders have only been Lending to familiar Customers. Just like Scooter said, they ought to have him on TV explaining all this!!!
     
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  7. Scooter Jones

    Scooter Jones Road Train Member

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  8. Blackhorse77

    Blackhorse77 Light Load Member

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    Not sure if they claimed emergency on Jan 31st, 2020, more like the middle of March.
     
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  9. Wespipes

    Wespipes Road Train Member

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  10. x1Heavy

    x1Heavy Road Train Member

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    I heard a Auction Birdie indicate a total and absolute failure of Auctions to sell any used cars now that the dealers stayed away. If this is going on long enough they wont have room for any more used cars to park before selling. And we either will not have dealers anymore and cars junked or super low pricing.

    I am continually reviewing pricing on several vehicles and prices are already falling way below retail. Or better described as what people paid. Those who are unemployed are expected to be 25 million thursday morning in filings beyond the 16 million. My old bank Chase is crying. They essentially stated this am that there is nothing for them until 2023. To hear them write the quarterly, its almost as if they don't want to exist until then. Uncle Sam is now the market. Anything else is meaningless.
     
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  11. Scooter Jones

    Scooter Jones Road Train Member

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    There's several other Fintech companies that are getting in the process now.

    Most mega banks are really not interested in helping the little guy process these loans. They'd rather process one loan for 5 to 10 million, than hundreds of small 10 to 15 thousand dollar loans.

    The smaller community banks really aren't set up to handle and process the onslaught of applications they got.

    I'm glad the fed recognized this and opened it up to Fintech lenders like the one's popping up now.
     
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