If McConnells hands were any blacker they’d decay and fall off.
My lol $600 hit my account this morning. Just in time for me to pay my $1200/month student loan payment. Thanks for the support, government!
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Same
Ditto
Does this mean all Trump voters should get Covid and all Biden voters should not?
Btw, it’s $600 per person, adult or child. My family of four got $2400.
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I support Bernie, so I’ll be looking forward to our 2k/ mo backdated to March.
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Cliffs for prior EIDL or PPP applicants? Are the coffers opened anew?
Still kicking myself for not maxing out my EIDL offer.
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Looks like 2nd ppp (same amount) if you made 30% less than 2019 in any quarter.
Are you aware of regulations that would encourage or prohibit someone from applying for PPP if they previously were granted an EIDL (or vice versa)?
Lots of hookers. Lots of blow.
Who we kidding. A moderately priced escort and SOME blow.
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EIDL advance used to be deducted from PPP forgiveness, that is no longer the case.
For both the EIDL and new round of PPP loans, the applicant still has to attest that the loans are necessary to support ongoing operations. That’s a trickier question for my business now than it was when the first round of PPP was rolled out. I can still make a good argument given the uncertainty of what’s coming in 2021.
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No, pretty sure you can get both, but can’t use them both for the same thing.
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Been hearing that the rule that your forgiveness is lowered by your EIDL amount might be axed
So it’s just more free money for rich people.
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It’s just another version of the audit lottery
Just take all the money. The government is so inept they won’t ever know.
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Much appreciated. Also found this summary from the mid-size law firm Genova Burns.
Specifically to my question:
Maximum Loan Amount**
Eligible entities may obtain a second draw loan in an amount equal to
the lesser of (a) the product obtained by multiplying (i) at the election
of the eligible entity, the average total monthly payment for payroll
costs incurred or paid by the eligible entity during (x) the 1-year period
before the date on which the loan is made, or (y) calendar year 2019, by
2.5, or (b) $2 million.**The formula varies for seasonal employers, new entities (that did not exist
during the 1-year period preceding February 15, 2020), and businesses in
the accommodation and food services sector.
An entity that received both an EIDL advance and a PPP loan is no longer
subject to a reduction in the PPP loan forgiveness amount due to its receipt of
an EIDL advance. That is, an entity may be eligible for full forgiveness of the
PPP loan (subject to use of the loan proceeds for allowable purposes and
compliance with all other loan requirements, generally, including eligibility
requirements) notwithstanding its receipt of an EIDL grant.
$10,000 without regard to whether the loan (EIDL) is approved, whether
recipient accepts the loan, and whether recipient received a PPP loan.o If recipient previously received an emergency EIDL grant, applicant may only
receive the difference between $10,000 and the amount previously received as
an EIDL grant.
Booo guess moms doesn’t get any stimulus because I claim her as a dependent. Not like $600 would have made much of a difference lol.
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