$10,000 EIDL GRANT

Now all you need are the Casinos to re open

 

It's all about accounting and documentation.

 

It’s going to be interesting to see how it turns out, in the years to come. No one will care, anyways. But all thus cash infusion, is mainly to keep cash in the system. Between now and 30 yrs. how many of these small Bussinesses will still be around? How many in 2 yrs? I don’t think they care. It’s a short term boost, with long terms.

 

More then not will be out of business probably. But your right this is mostly looked at as a short term bridge I’d say.

I wasn’t planning on doing the EIDL loan but now that I think about it. 1% would be a hell of a lot better then 4 to 5% that I’m getting now. If I was a bank I’d be pretty nervous that many of my profitable loans would all of a sudden get closed out by EIDL loans.

 

EIDL 3,75% right. Stills good rate. For you, the PPP, covering Drivers pay for 8 weeks, and if you can still work the Trucks, banking the normal payroll costs, for other things, can really be a boost for your Company. That’s a good thing. I’d hate to see good Guys like you go down. Decent Employers are hard to find.

 

Ohhh ok yeah that’s probably not worth it then. Thanks for that info.

Yeah the ppp was a huge confidence booster to get through this all much more smoothly. We’ll be fine. I appreciate the kind words man.

Im upgrading some trailers and replacing my oldest truck in the fleet which I probably wouldn’t be doing without ppp help so guess that is sortof a positive for the economy on my own little way.

 

They claim every dollar turns over 7 times on average in the economy.

 

Okay, this is right out of the contract document the SBA sent to me. This IS the NUT of what they are saying the money is to be used for. There's a lot of leeway (in my opinion) regarding the term "working capital".

 

All I see around me is Made in China.

 

I decided to take a larger amount from the EIDL and purchase a new, American Made Reefer Trailer at 3.75% interest over 30 years, heck that's a killer deal.

From what I'm told, Reefer is where the BIG money!

Anyone have a good lead on a desperate trailer sales company?