Today is International Credit Union Day! This is awesome! On June 15, 2020, the SBA announced that it was again opening up its Economic Injury Disaster Loan (EIDL) grant and loan program. Received acknowledgement and application was under review. This day celebrates and recognizes the spirit of the global credit union movement as well as its history and achievements. For those who got their EIDL grants. Gerri Detweiler says: October 29, 2020 at 6:27 am Glad it was helpful. There will be a personal credit check for all applicants, plus a business credit check for all applicants except sole proprietors for loan amounts above $200,000. Reddit army boosts silver prices. If an applicant also obtains a loan under the PPP, the EIDL funds cannot be used for the … Tutorials, Guides, etc. Hi, and thanks for any help in advance. #254 Let’s discuss that and other EIDL/PPP here” SoonerJohnny says: June 16, 2020 at 3:31 pm. Used our business account. This tool is designed to help identify whether you qualify for the 30% Economic Loss test for the targeted EIDL advance/grant. I would like to use loan proceeds to pay employees salaries, rent etc. This seems to be the case. Oct 22nd, 2020. The agency said it “strongly denies that staff processing EIDL loans were discouraged from identifying suspe Approval for EIDL – now what? Posts 2,011 Threads 1,614 Joined Jul 2020. Let’s discuss that and other EIDL/PPP here. Wow!! 1 of 42 Go to page. The SBA is Accepting New Economic Injury Disaster Loan (EIDL) and EIDL Advance Applications. A source tells CBS News that 100-125 workers were shown the door. View Reddit by chucks97ss – View Source. Last problem: Feb. 19, 2021 at 1:05 p.m. Here we explain what to expect from a credit check for these suddenly very popular loans. The Best Easy-To-Use Accounting Software For Small Businesses Read … Open in app; Facebook; Tweet; Pinterest; Reddit; Mail; Embed; Permalink ; YouTube, Facebook, Instagram, LinkedIn and TikTok Equipment for Beginner… Source: youtube.com $5.00 selfie stick $5 social media equipment. I agree with take the loan but it sounds more like you need a cashout strategy and to determine what indicators you need to continue or shut down. 4/3 PPP – Applied for PPP at Regions Bank, the day the application was available. 688 Rep. 8,585 Likes. Gypsylu06 says: May 15, 2020 at 11:34 am. 3/23 EIDL – Long form application. Other users then vote the submission "up" or "down", which is used to rank the post and determine its position on the site's pages and front page. Next Last. Posted on October 29, 2020; By lrey. Targeted EIDL Advance Economic Loss Qualification Tool. Read Next. 42; Next. The hunt for Reddit October. Alexis Ohanian Co-Founder u/kn0thing. 0 B+ Monthly views. Eidl update reddit Eidl update reddit On Friday, Bloomberg News reported workers reviewing EIDL applications were told to avoid writing “fraud” or “red flags” in notations and to instead use alternative phrases such as “duplicate” or “unusual,” which could make it harder to convey suspicions to colleagues. The EIDL, in contrast, has been around for decades, helping businesses to recover from disasters such as superstorm Sandy in October 2012. The EIDL program is designed to provide economic relief to small businesses experiencing a temporary loss of revenue. Linda Rey manages the marketing for our business financing practice. Asterix, credit: Didier Conrad. Here lately I’ve been seeing people funded in one to two business days. Here is my journey. Get the Biz Briefing newsletter! Because announced over the weekend is the news of the 39th volume of Asterix The Gaul, for the 21st of October, 2021. Last updated January 2020. Source: youtube.com eidl ppp loans sba. Reddit Press. First of all I want to thank the community for all the collective brain effort, without you I wouldn’t have gotten the PPP. 0 K+ Communities. View Reddit by elainee24 – View Source. 14 Replies to “EIDL Approved- My Timeline” tammyjohnso says: May 15, 2020 at 11:34 am. SBA EIDL and Emergency EIDL Grants: Data by State Updated December 17, 2020 Congress made COVID-19-related economy injury an eligible expense for the Small Business Administration’s (SBA) Economic Injury Disaster Loans (EIDL) in the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (P.L. For those who got their EIDL grants . Now, Post EIDL/PPP. chris1127249 says: May 15, 2020 at 11:34 … If the EIDL advance is non-taxable (much preferred), we don’t think any of your business expenses paid with the EIDL advance money become non-deductible under the PPP loan forgiveness guidance because:1. 4 Replies to “Approval for EIDL – now what?” brucegilson says: May 16, 2020 at 8:37 am. EIDL Credit Checks. This means … Leaks. Facebook Twitter Google+ Reddit Pinterest WhatsApp Email. navy ocs acceptance rate 2018 reddit, Colleges with acceptance rates between 50% and 75%; Colleges with acceptance rates between 25% and 50%; Colleges with acceptance rates below 25%; The popularity of colleges is based on the college profile pageviews of users on Niche in the past year. The CARES Act expanded eligibility to allow EIDL loans for businesses with up to 500 employees, and established the EIDL advances that totaled $20 billion. 48 hours for us. Also you may have an employee that wants to buy you out. This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Reddit saved my business. Go. A troll responded with, “Old news.” COVID-19 is ongoing with no definitive end point in sight. The Federal government’s SBA Economic Injury Disaster Loan (EIDL) is the easiest loan application you will ever fill out – and it’s open now. Go. 52 M+ Daily active users. 116-123). Through EIDL, s mall business owners in need can not only apply for a loan but also receive as much as $10,000 up front. If you’ve already applied, there is no need to reapply as applications are processed on a first-come, first-serve basis. Those numbers likely will rise as the application deadline for EIDL loans is not until December. 7 Replies to “For those who got their EIDL grants” SuperMarioTx says: April 26, 2020 at 11:28 am. As of mid-October 2020, the U.S. Small Business Administration (SBA) has approved 3,612,236 Economic Injury Disaster Loans (EIDL) totaling $191,994,805,796. Oct 29th, 2020. Porsche & BMW Specialists in Sacramento, CA. Reddit Founders. Over $200 billion in Economic Injury Disaster Loans (EIDLs) have been approved by the Small Business Administration (SBA) ... October 28, 2020 at 3:01 pm This helps. Home. … January 22, 2021. If the EIDL advance is taxable, then the above wouldn’t apply, and you would deduct all your otherwise allowable business expenses. She recently posted relevant information on Reddit about our recent experiences with EIDL loans, both new applications and the Reconsideration process. Economic Injury Disaster Loans (Accessed 10/19/2020) — SBA.gov; Will You Owe Taxes On Your Paycheck Protection Loan? Supreme. Reddit is a social news and entertainment website where registered users submit content in the form of either a link or a text ("self") post. As we explained in our article, FAQs about EIDLs, acceptable credit is a requirement for these disaster loans. 50 Replies to “[Megathread] Rules about the PPP may be changing. EIDL/SBA 10K APPROVAL METHOD Thread starter seovendor; Start date January 8, 2021; 1; 2; 3 … Go to page. … If you’ve already applied, there is no need to reapply as applications are processed on a first-come, first-serve basis. (Accessed 10/19/2020) — US Chamber Of Commerce; Tax Treatment of Expenses Paid with PPP Loans and EIDL Advance (Accessed 01/21/2021) — The National Law Review; Hide Sources . View Reddit by BigSlowTarget – View Source. Posts 146 Threads 6 Joined Jun 2020. Did u guys used personal bank accounts and got urs deposited without issues? February 1, 2021 Share Print 0. Reddit is a growing family of millions of diverse people sharing the things they care about most. October 15, 2020 / 5:53 AM / CBS News Wells Fargo says it's fired workers who bilked a federal coronavirus relief program. Reply. Those numbers likely will rise as the application deadline for EIDL loans is not until December. With the loan you … View Reddit by usaframer – View Source. Borrowers could … Steve Huffman Co-Founder/CEO u/spez. Popular Colleges that are Easy to Get Into 90%+ College Acceptance Rates They don’t have to pay it back, and it’s supposed to be disbursed quickly. I’m an independent contractor and received a PPP loan for about $3500 in early May. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation of health care benefits, rent, utilities and fixed debt payments. seovendor. For businesses with existing EIDL loans originated prior to April 3,2020, PPP loans can be used to refinance EIDL loans made between January 31, 2020 and April 3, 2020. OP January 8, 2021 #1; Sign Up or Login to view this post and enjoy everything our site has to offer! EIDL Approved- My Timeline. Reply. Reddit was founded in 2005 by two college friends. The EIDL program was originally authorized under the Small Business Act. You should be celebrating! 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