$10,000 EIDL GRANT

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

  1. nikmirbre

    nikmirbre Road Train Member

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    Concord,NC
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    Part of the %60 that got what?
     
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  3. 77fib77

    77fib77 Road Train Member

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    Jul 7, 2010
    St Louis
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    Got the email. Saying they know you exist.

    40% haven't gotten that.


    Ps I just sent an email off see if I get a different answer.
     
    Last edited: May 28, 2020
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  4. Rideandrepair

    Rideandrepair Road Train Member

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    The difference, I believe is if you end up in Bankruptcy Court, All creditors have an option to dispute a discharge of debts. Guidelines are in place, such as credit card purchases, over $300, if I remember correctly, within 3 mos. of filing. Sales of assets within 1 yr. My fear would be having a lien placed against the equity of my house, for instance, as a result of Bankruptcy, or default.
     
  5. Rideandrepair

    Rideandrepair Road Train Member

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    No, just, disastercustomerservice. As the Sender. And, sba application no #####, under description.
     
  6. 77fib77

    77fib77 Road Train Member

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    I might have pitched it. , ..... I would type in sba and then if it didn't pop up I would delete my junk mail folder.
     
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  7. 77fib77

    77fib77 Road Train Member

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    Well with the hyper inflation from all this free money that monthly payment willl be about t-bone dinner at Denny's in about three years.
     
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  8. Rideandrepair

    Rideandrepair Road Train Member

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    Lol, I’m not in that bad of financial shape,yet. I have 40% equity in my home, my payment is less than rent. Truck,Trailer, and vehicles paid for. Aside from the recent overhaul, ($17000 put on credit cards), and a couple hospital bills, on a payment plan. I’m good. Im trying to keep debt down. Until recently, I have been operating cash out of pocket, paid off 2 big hospital bills, back to back. But got hit with 2 more last yr. along with downtime. I’m patient, and cautious these days, especially with the costs of Trucking. Have to watch every penny, with 1 or 100 Trucks. It can get out of hand very quick. Like patching holes in a sinking Ship.
     
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  9. Rideandrepair

    Rideandrepair Road Train Member

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    That’s how I found it, searched sba. Give it time, mine just came in on the 25th. Last letter was 5-2 saying they didn’t forget about Me. You should have gotten that one too.
     
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  10. Constant Learner

    Constant Learner Light Load Member

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    Jul 19, 2011
    The Moon
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    It is up to 30 years, there's no prepay penalty. You can pay it back after 3, 5, 10 years... Which gives you a lot of flexibility. Meanwhile you can score some forgiveness, plus a big win if the dollar loses some of it's
    value in the near future.
    Yes, there will be bankruptcies and fraud related to these loans.
     
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  11. Constant Learner

    Constant Learner Light Load Member

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    Jul 19, 2011
    The Moon
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    Even you were not order to shut down, you could do it anyway because of your safety. Also the
    rates took a big dive right after the shutdown.
    Yes, there's a big hardship for the trucking business due to this virus. And this is just the
    beginning.
     
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