$10,000 EIDL GRANT

The $2400, right I understand. But unless you’re set up with the IRS for direct deposit, it’s a 3-4 or more wait for a check in the mail. Did they approve you for a set amount? How do they calculate that?

 

My tax Lady claims I can’t apply for the PPP, because I don’t have a formal W2 payroll. First She said everyone’s applying.

 

The $2400 was the stimulus plan right?

 

I see,1%. Basically a 2 yr loan. Forgivable if 75% is payroll. How do they determine the amount of a loan?

 

Right

 

OK, that was on the original application, everyone filled out. But you had to go through the Bank, and fill out a whole new app for the ppp.

 

I think He is approved based on number of employees. Apparently the goal of the PPP is to keep businesses from closing up, firing employees who then hold hands out to Uncle Sam at the unemployment line. (Sheesh... why not. 1000 dollar per soul is pretty cheap versus say.. 600 a week plus state check per soul on unemployment anyway...)

The whole thing is inadequate. 1000 per soul pays what?> One week to a driver? Then withhold taxes from that?

My head hurts.

250 billion is not enough.

Give me a little pot of coffee brewing in the corner while I sit and think about this.