2nd round of PPP loans, are you applying?
Discussion in 'Ask An Owner Operator' started by Beaver9, Jan 21, 2021.
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Midwest Trucker Thanks this.
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Last edited: Jan 22, 2021
Beaver9, Socal Xpress, BoostedTeg and 1 other person Thank this. -
I kind of hope tons do get audited. I just looked up my two local repair shops. They are around the same size. One took 150 to 350k range. The other took between 1m and 2m. Something is way off. I’m sure there are thousands and thousands of these situations.
Beaver9, bzinger and ready2truck Thank this. -
77fib77 Thanks this.
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I’m painfully by the book. Might be why I get irritated at paying so much taxes.Beaver9, bzinger and Scooter Jones Thank this. -
I started my business in February 2020 and didn't need a #### thing from the government. The same people that talk all that junk about government assistance hopped right in line when it was they turn. smfh
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I am looking for customers with commitment. Now, I have two customers I haul for on a regular basis--that is at least three to four loads per week without me even looking at the load boards. The thing is that loads I was backhauling are gone somehow. Most likely they closed down for good. Now, I spend so much more on fuel. Once I survive my second year, I can probably say my goodbyes or make changes. But so far, I am nowhere near going out of business unless some kind of an unpredicted storm hits. There are no guarantees.
Let's not forget there are some brokers who won't give you any load your first year coming out like NEW PRIME for example. So, it wasn't easy for me first few months especially when trying to set up accounts when there were almost NO loads to haul. The load boards were empty. I had hurdles to jump the first year.
I don't mind being audited for my first PPP loan. It was almost nothing I got there. And I operated only one to two days per week during the shutdown for a couple of months while there were monthly bills to pay.
But others should be audited. But I don't think they will pay any penalty even if they got more than the rest of us. If they used this for business expenses and to pay themselves, it's nothing wrong with that. But I'm sure there were ones taking full advantage. For example if you had more drivers in 2019 than in 2020, the loan amount you got was based on 2019 even if the drivers were no longer working for you in 2020. And that is not fair.Last edited: Jan 22, 2021
77fib77, ready2truck, Midwest Trucker and 2 others Thank this. -
bzinger Thanks this.
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I do wonder about people filling out fake applications. I saw somebody got 750k and bought a lamborghini with itbzinger, Midwest Trucker and TallJoe Thank this.
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