$10,000 EIDL GRANT

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

  1. Blackhorse77

    Blackhorse77 Light Load Member

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    Thank you, Jon.
     
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  3. Blackhorse77

    Blackhorse77 Light Load Member

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    I didn’t apply for anything yet. I am not the one who reached my hand for free money first. It seems people who are better situated than me did that.
    Many people here want me go down the drain with the new MC number. No offense taken. But I need to do what’s best for my business. ;) We paid our dues working for other people who took advantage of us. So, it is our time to get back on our feet and survive this bleak season.
     
    Last edited: Apr 23, 2020
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  4. snowwy

    snowwy Road Train Member

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    Wuhan was locked down for 76 days.

    America has been partially shut down for 30 ish days.

    Not all states and counties are participating.
     
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  5. Scooter Jones

    Scooter Jones Road Train Member

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    I just don't know how much more plain of information I can provide than what I already have.
    I've provided links to articles, charts, information from the SBA, my own personal experience, etc.

    Either you are not reading and educating yourself on these things, or it's something else.
    I don't want to seem rude, however, this thread is really not intended to be one that gets into the haves and have nots. What's fair and what's not fair.

    That kind of escalating rhetoric is what caused your other thread to get shut down.
    I've already asked (nicely) not to contribute to this one being locked down.

    Thank you!
     
    Last edited: Apr 23, 2020
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  6. Oscar the KW

    Oscar the KW Going Tarpless

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    They have the ability to block a member from posting in a thread. I’ve asked that they do that with her instead of closing down this thread.
     
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  7. x1Heavy

    x1Heavy Road Train Member

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    It would have been better to have a old style nuclear exchange in 30 minutes than all this drawn out 30 day closure that has done so much damage. This is not a Nation you can wave a wand and say "Close up everyone, go home and stay there."
     
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  8. Blackhorse77

    Blackhorse77 Light Load Member

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    Does anyone know if both owners can apply for these loans? If you know it, then please let me know.
    Thank you.
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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    Did you and your husband file two separate business tax returns last year? If not, the obvious answer (to me) would be no.

    If you don't mind me asking, what was your business revenue (not profit) from February 1st 2019 through January 31st 2020.

    That number is what the SBA EIDL is using to determine the ultimate loan amount.

    I highly doubt the SBA is going to give an unsecured or even secured loan of any size, to someone who has a short business track record, combined with a documentable limited revenue source for the previous 12 months.

    That's one of the things, including credit score, they are using to determine providing these low interest loans.
     
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  10. Blackhorse77

    Blackhorse77 Light Load Member

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    We don’t have a short track record. We have close to four years after opening our own corporation. I won’t tell you what it was last year. But my husband sustained an injury last year and couldn’t work for five months. So, our revenue was cut almost in half last year.
    This year instead of being a subcontractor, we got our own MC number. So, hopefully, they will look at 2018 numbers.
     
  11. DUNE-T

    DUNE-T Road Train Member

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    Entire industries like airlines taking bailouts now. They would be stupid not to. Yet, you still keep fighting wind mills talking about dignity. A good person like you would be valuable in military, medicine, police or something like that, but you would be a disastrous CEO for a business.
    I am not calling you stupid, it's just there are different kind of people for different kind of work.
     
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