Quote:
Originally Posted by RickFLM4
Just received an email with this information:
Dear Applicant,
On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). 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. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.
You may be eligible for another loan program, the Paycheck Protection Program, which is available through participating lenders. Below is a comparison of the two loan programs:
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Whoa. I'm eating some crow today after all that 'I'm never going to see money, f the government' talk lol. Got the EIDL grant.
Now I feel pretty good about rent for next 2 months, and bills. I asked my landlord about rent abatement and they told me to go pound sand lol f them
This was my 2nd time applying. The first time was 2 weeks ago. The most recent time I applied, 2 days ago. So worth it to keep trying!