$10,000 EIDL GRANT

They've been sinking for a long time, cant believe they even gave them a loan... Specially that big.

The CEO seems to constantly get huge bonuses while the drivers are giving up a percentage of pay to keep the company from completing going under.

What a joke.

 

The rates looking good now, and there is enough freight on the market. Therefore, after three weeks I didn't find a way to use the $ 99,400 EIDL loan and repaid it through pay.gov. I was thinking to refinance a trailer and buy a truck - unfortunately is not possible.

 

This links explains real property, tangible property and intangible property:

For example:
A House and land is not a tangible property. It is a real property.
delete previous link. I think this one is better.
Tangible Personal Property.

It all makes better sense to me now. Even though, I will not sign the docs, I still want to understand the terms exactly.

 

It is an admirable decision you made as I am sure it is not too easy not to choke with 100 Grand once you got it.

 

I wanted to return it immediately after I found out that is not for equipment financing/refinancing. Hoped that the government will probably change the rules and allowed it.
And now there no disaster at all!

 

I got up this morning and there is $154000 in my account,I applied 3 days ago and already the money is in my account,my question is can I used that money to pay down my two trucks and trailers?

 

Where’s all the freight? I don’t see much at all.

 

The Dog that caught the car!! There’s a few links and posts that address those questions. Up to you to interpret what’s considered a result of covid 19.

 

No but I would just give the money back right now. It's not worth the headache. So many rules it's not worth it.

 

Better investment strategies. Can a professional gambler get EILD.