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$10,000 EIDL GRANT

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

Page 51 of 133
  1. Apr 24, 2020 #501
    Scooter Jones

    Scooter Jones Road Train Member

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    10-4
     
    Scooter Jones, Apr 24, 2020
    Scooter Jones, Apr 24, 2020
    #501
    Rideandrepair Thanks this.
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  3. Apr 24, 2020 #502
    Oscar the KW

    Oscar the KW Going Tarpless

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    I think the first one was, if you’re a PITA on the internet do not proceed with the rest of the questions.

    Seriously, is it that difficult to find the answers to such simple things yourself?
     
    Oscar the KW, Apr 24, 2020
    Oscar the KW, Apr 24, 2020
    #502
    NeverSatisfied, whoopNride, Midwest Trucker and 2 others Thank this.
  4. Apr 24, 2020 #503
    REO6205

    REO6205 Road Train Member

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    Earlier today you requested that all your posts be erased and your account terminated.
    Is that still what you want to do?
     
    REO6205, Apr 24, 2020
    REO6205, Apr 24, 2020
    #503
    DUNE-T Thanks this.
  5. Apr 24, 2020 #504
    Blackhorse77

    Blackhorse77 Light Load Member

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    Yes.
     
    Blackhorse77, Apr 24, 2020
    Blackhorse77, Apr 24, 2020
    #504
  7. Apr 24, 2020 #505
    REO6205

    REO6205 Road Train Member

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    Reply noted. Thanks.
     
    REO6205, Apr 24, 2020
    REO6205, Apr 24, 2020
    #505
  8. Apr 24, 2020 #506
    Cat sdp

    Cat sdp . .

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    Guess I won’t answer the DMs........:-/
     
    Cat sdp, Apr 24, 2020
    Cat sdp, Apr 24, 2020
    #506
    Tug Toy Thanks this.
  9. Apr 25, 2020 #507
    Rideandrepair

    Rideandrepair Road Train Member

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    One sure way to starve to death. Wait for the Government to feed you.
     
    Rideandrepair, Apr 25, 2020
    Rideandrepair, Apr 25, 2020
    #507
    Tug Toy and TallJoe Thank this.
  10. Apr 25, 2020 #508
    Scooter Jones

    Scooter Jones Road Train Member

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    What are DM's?
     
    Scooter Jones, Apr 25, 2020
    Scooter Jones, Apr 25, 2020
    #508
  11. Apr 25, 2020 #509
    nikmirbre

    nikmirbre Road Train Member

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    Heres an update I received.....from my bank and the SBA..I don't know how to put it on here but, ill sum it up.

    If your a sole proprietor or independent contractor, you now(for the new funds just signed into the bill) MUST use line 31 of your schedule C divided by 12 and multiplied by 2.5 to get the amount of your loan.

    So if you write off a lot, your loan won't be alot.
     
    nikmirbre, Apr 25, 2020
    nikmirbre, Apr 25, 2020
    #509
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  12. Apr 25, 2020 #510
    Scooter Jones

    Scooter Jones Road Train Member

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    Most PPP loans/grants are not that sizeable in the first place. For a one man operation they are in the range of 10k to 15k dollars. If 75% of the money is used towards payroll, utilities, rent, health insurance, etc, over a 2 month period, the money is forgiven. If it's not used for that, the money has to be paid back at 1% rate over a 2 year period.

    SBA Page 2.JPG
     
    Last edited: Apr 25, 2020
    Scooter Jones, Apr 25, 2020
    Scooter Jones, Apr 25, 2020
    #510
    nikmirbre and Rideandrepair Thank this.
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