$10,000 EIDL GRANT

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

  1. Rideandrepair

    Rideandrepair Road Train Member

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    So were still talking abo
    wouldnt be the first time. Thanks. So 2.5 times salary for 1 mo. Small loan? Or is thee a time limit? Any info
     
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  3. Scooter Jones

    Scooter Jones Road Train Member

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    This is one of the reasons I have been documenting my own process. To provide some real time, personal feed-back. So many ppl are confused about these various programs.
     
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  4. x1Heavy

    x1Heavy Road Train Member

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    A side note, you are awesome in keeping the rest of us learning the basics. TY.

    Mods might want to add you to a Covid example pile.

    EDit, Oh good. Somehow my post jumped the servers shark and got inside the qouted box. Funny how that works. Its not supposed to in coding.

    I better just leave it where it is at least I know how to fix it from here.
     
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  5. x1Heavy

    x1Heavy Road Train Member

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    Ok two seperate programs.

    And the individual stimulus is a third. Right?

    One of the two is forgiveable if you sink that money to your employees or yourself as sole.

    And the other is low enough interest or somehow ... lip service its gone to go spend on keeping your entire company from going out of business in some way.

    And the federal 4 month unemployement which seems to have a hard end date 1 aug this year is the forth program.

    GAH!!! why does Congress insist on overcomplicating everything. Just stop with all that and start raining money everywhere.
     
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  6. Scooter Jones

    Scooter Jones Road Train Member

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    You could ask for more on the PPP loan at the bank I guess. I only applied for the payroll side of things. The SBA approved bank can give you guidance on that.
     
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  7. Scooter Jones

    Scooter Jones Road Train Member

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    Yes, the stimulus deal is a separate third deal.
     
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  8. Rideandrepair

    Rideandrepair Road Train Member

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    I really appreciate it. Not very tech savvy, and honestly not as good with dealing with the Banks as I used to be. 10-15 yrs ago, I’d been all over it. Now it just makes my brain go fuzzy. Been paying avoiding debt, and paying things off for 12 yrs. now. Only recent 2 yrs. with health problems, and engine overhaul, have I gotten into debt again. Still at a manageable level, trying not to go deeper.
     
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  9. x1Heavy

    x1Heavy Road Train Member

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    If it's only a thousand and they get into him for 1% of all that, might as well park it all, turn off lights and hit the unemployment line.

    Unless the costs of paying state UI Fees are more costly than paying interest on PPP.
     
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  10. x1Heavy

    x1Heavy Road Train Member

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    I used to be stupid sharp in everything 10 years ago. Doctors made a hash of it with medicines. Thats why I keep a caregiver at dinner, some days back then years ago face goes into the dinner plate from the medicines. So stupid. Made me kind of stupid too.

    I am working on getting my mind back. What is left of it. Debt is a real problem. Like the medical one. Other debt has laws. But medical debt has no protections so I paid all of that off first last month. Cleared the decks as it were for battle.

    I just found out today that one of our vehicles will require additional repair of a subsystem which was not unexpected due to age but could have been done at the previous shop time last week. So we have to do it twice to fix it.

    I alredy know I am damaged in the mind somewhere. I take too much time to think things through these days. Its easier to convert the the situation to consider mentally into a easier language other than english and fly the problem on both pro and con.
     
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  11. Scooter Jones

    Scooter Jones Road Train Member

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    I watched the President's presser yesterday. Aside from the normal fireworks between he and the press, there was a lot of useful updates. Including information from the Treasury Secretary who took questions for about a half hour.

    One thing that the Treasury Secretary pointed out was that over 2/3 of the allocated 367bil in the CARES Act for the PPP had already been allocated.
     
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