EIDL has, by all accounts, been a complete and utter shit show.
My stepsister says she has the $1,200 stimulus pending in her bank account. If they really are doing it by reverse adjusted gross income they’re moving quickly. She makes a pretty decent “middle” class salary.
Ya I got that email last night. Thanks SBA for letting me know info that has been publically available for a while now!
From reading accounts on r/smallbusiness, most or all of the people who have received anything from the EIDL program filled out the long-form application prior to the switch to the short-form. Personally, I was in the middle of it when the site went down, then a few days later found out that the process had changed entirely. Speculation is that we will all still have to fill out the long-form, which is what the email means when it says “The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted.” Of course nobody has any idea how/when to do that.
If I don’t get positive movement from the PPP or EIDL by the end of the week I’m going to have to lay people off and then try to bring them back when/if we get any loans. The hardest part is not having anyone to call, no way to check status. I email our banker at Chase locally but I believe her when she says there’s nothing she can do.
I’ve been pretty closely involved in our PPP efforts. I really feel for the people who have their shit together, who provided complete, timely applications. Once we approve it, the application goes into an SBA black hole over which we have zero control.
Yes, does that mean I’m poor?
The veil has been shattered. =(
Edit: Well, pending, not received. But that means it comes tomorrow I think.
Found this little tidbit on the motley fool today I hadnt seen anywhere else prior.
The “Get My Payment” tool launches on Friday
The U.S. Treasury Department and the IRS announced that a new tool will be available on the IRS Economic Impact Payment Web page on Friday, April 17. The Web application will be called “Get My Payment” and will serve several important functions:
- If you have not received your stimulus payment yet, it allows you to check the status of yours, so you’ll know approximately when it will reach your bank account or be mailed.
- If you filed tax returns in 2018 and/or 2019 and did not provide your direct deposit information – meaning that you either chose to receive your tax refund as a check, or didn’t get a refund at all – you’ll be able to share this information with the IRS if you choose to do so.
- If your payment hasn’t been issued yet, you can confirm whether you want to receive it by direct deposit or check. (Note: Direct deposit will be much faster.)
So it appears you had to have had a refund in 2018 or 2019 to be able to be included in this first round. Looks like those of us who had to pay will be waiting another couple weeks at least
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Yea Inso, that’s exactly what it means. While you cosplay as a slumlord that looks down on others, turns out not only do you make less than $75K, you make a lot less than that considering the stimulus checks are being handed out based on lowest income being a higher priority.
Surprise surprise. It was projection all along.
Yeah, that’s the joke. Quoted statement is pretty clearly untrue.
Maybe it’s because we have dependents?
https://mobile.twitter.com/JStein_WaPo/status/1250048239610531841
https://mobile.twitter.com/JStein_WaPo/status/1250050768121495560
The EIDL application takes like 5 minutes. It’s definitely worth your time even if you only get $1,000.
Inso, I get less than $20K a year with SSDI and I’m getting the stimulus check the same day you are. But sure, maybe it’s based on dependants and not you being a broke motherfucker.
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The one slumlord I have ever known was one of the cheapest MFers imaginable. There is no way Inso is making much money being a slumlord’s errand boy.
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Wait, Inso doesn’t even own the buildings? He’s a slumlord for hire? LOL, incredible.
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Yea a few weeks ago he was telling us how angry he gets because apparently his tenants bother him on Friday afternoons when he’s trying to clock out and go home.
I know… imagine getting that much dirt on your soul for chump change. It’s pretty mind boggling.
The going rate for an Inso0 to run your companies is $126k.
Not exactly “fuck you” money like I’m sure some of the Unstuck professionals make, but it’s pretty solid for this neck of the woods.
Damn that’s cheap man. How many companies can you run at a time for that?
Also do basic handyman services come included as well?
Inso,
When they pay a day late and you charge them a late fee, then they pay rent on time the following month and you charge them another late fee because they didn’t pay the last late fee, do you cackle with glee at robbing them for the benefit of someone else?
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Inso got his money already because he got a refund in 2019 where people who paid in will need to go on the IRS tool whenever it gets put up to enter their bank info (even though they already should have it from the money paid in) in order to get their money issued.