$10,000 EIDL GRANT

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

  1. Snailexpress

    Snailexpress Road Train Member

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    As on Friday morning April 3
    [​IMG]

    To our customers,

    We promised to keep you updated on any changes to the Paycheck Protection Program (PPP), and remain committed to helping our customers.

    Details behind the SBA’s recently released PPP guidance is still being finalized for financial institutions. As a result, our ability to start receiving applications has been delayed.

    Our goal is to help you access the funds you need to keep your business rolling. Please be on the look out for further updates and an email inviting you to submit your application.

    Thank you for your patience,
     
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  3. Scooter Jones

    Scooter Jones Road Train Member

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    Most owner operators will say they're using the 10k for "repaying obligations" that cannot be met due to revenue loss.

    I am still very skeptical that any one man truck operations are going to get $10,000 though.
     
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  4. zinita17601

    zinita17601 Road Train Member

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    i think you misunderstood what i said,the loan is for business expenses etc but it wil be forgiven only if used for payroll otherwise the borower gets %50 tax credit.
    I didnt say the sole purpose,please dont put words on my mouth
     
  5. Scooter Jones

    Scooter Jones Road Train Member

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    You are correct in that the whole 3 day advance deal was presented as an "honor/self-certification" process.

    I read on one financial blog this morning that applicants personal data may have already been "compromised" on the web.
     
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  6. Scooter Jones

    Scooter Jones Road Train Member

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    Anywho, as soon as the 10k appears in my bank account, I'll let you all know :)
     
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  7. Ridgeline

    Ridgeline Road Train Member

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    Truck payments?

    I called the lenders a couple weeks back and have no payments for six months to any loans, they are freezing the interest and putting the six months on the back end.
     
  8. DUNE-T

    DUNE-T Road Train Member

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    On all your 300 trucks and 700 trailers? What is your plan on keeping up with payroll?
     
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  9. petrolK9

    petrolK9 Light Load Member

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    Nothing.
     
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  10. Scooter Jones

    Scooter Jones Road Train Member

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    I'm one of the lucky one's with a truck loan through the SBA 7a program.

    6 mos of principal and interest will be paid for and deducted from my existing loan balance.
     
  11. Midwest Trucker

    Midwest Trucker Road Train Member

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