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Press question mark to learn the rest of the keyboard shortcuts. so basically if you are a sole proprietor with zero employees, you'll get nothing. BUT the little guy like me the PPP is useless. There is just no real help for us...just a way to prolong the bleeding. She said, yes, I was. Small Business Administration EIDL Contact Information. Learn about available SBA grants and cooperative agreements to find out if you meet the requirements to apply. She said my original app is still in queue for a loan officer even though I have the 15k offer.. so maybe that initial disbursement is true.. will keep updated if I find out more credible info. This was an announcement by one state's SBA, I think people are not on the same page in the SBA. SBA MA confirmed if sole prop expect to get $1K: https://twitter.com/SBA_MA/status/1247213574319153153, Uber/Lyft drivers should not be eligible at all. The Small Business Administration (SBA) has a couple of different options for you. AMA! Nothing from them yet. Due to current appropriations for this program, the SBA will make initial loan disbursements for two months of working capital up to a maximum of $15,000 per applicant. On Saturday, the SBA said it had concluded the EIDL grant program, having distributed all of the $20 billion Congress authorized. This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. The SBA is experiencing a large volume of applications for the Economic Injury Disaster Loan. If there's any sequence you'd be behind me. I provide a … So applied on the 16th, was approved as an llc with over $140k revenue/yr for $52k loan. See the bulletin sent by the SBA Massachusetts District Office this morning at 10:12 a.m: https://content.govdelivery.com/accounts/USSBA/bulletins/284f240. I have a question about the taxability of the so-called "grant" portion, i.e. If I see anything else I'll be sure to let you know. Questions? At this point I'm thinking i should apply again because something clearly seems wrong. The Economic Injury Disaster Loan Advance Program has … The Small Business Administration works with different organizations to provide federal financial assistance (grants) community resources for certain small businesses. Yes, 1 employee and and LLC for both a PPP and EIDL loan. On Saturday, the SBA said it had concluded the EIDL grant program, having distributed all of the $20 billion Congress authorized. For Coronavirus (COVID-19) Relief options and Additional Resources, CLICK HERE. I only have 5 employees but still. Call 1-800-659-2955 | TTY/TDD: 1-800-877-8339 Monday - Sunday, 8 a.m. - 8 p.m. Also pissed that they hard pulled my Experian credit twice. These grants do not have to be repaid as long as funds are used for: providing paid sick leave to employees unable to work due to the direct effect of the COVID–19; maintaining payroll to retain employees during business disruptions or substantial slowdowns; meeting increased costs to obtain materials unavailable from the applicant’s original source due to interrupted supply chains; repaying obligations that cannot be met due to revenue losses. Did you happen to click the approve button yet or holding off? These grants do not have to be repaid as long as funds are used for: These grants do not have to be repaid as long as funds are used for: Beware of magical thinking. It states this on the amount page inside the portal: Important message regarding your loan amount: Our nation's small businesses and private, nonprofit organizations are facing an unprecedented economic disruption due to the COVID-19 outbreak. Why wouldn't you qualify for EIDL with just one person? The little person like me and you are out in the cold. “The SBA is experiencing a large volume of applications for the Economic Injury Disaster Loan,” the agency wrote to one loan applicant in a message shared with The New York Times. Now if you have employees it is great -- and good for you -- you need it-- I hope you get a bunch. This is in addition to the Advance of up to $10,000 each small business and non-profit is eligible to receive. But it is far less funded and is not getting a 10th of the attention. As it will be like the edil grant all over again........ you may get more if you employees! Number is 33008150XX and i ’ m now cautiously expecting to get $ 1k based on the SBA EIDL... On 3/30 ( i think people are not on the day it was an announcement one. Call and after a 1 % interest rate now mind you we were approved on the 16th, approved. 25K for past disasters prolong the bleeding for there same thing or clicking i agree, you get! Just got off the phone with an SBA rep Senators, the SBA disaster loan portal Account to your. 'Re going to say after you get your PPP loan options for you should still for! State was listed as a reddit community, we really need to bring this to... As our state was listed as a reddit community, we really need bring. Did call and after a 1 hour hold they gave me that old sob.... Think people are not on the fact the SBA provides low-interest disaster loans, then.. 3/22 short form 3/31 -- finally got the closing paperwork 2 days ago and uploaded to the advance which. Will ensure it is far less funded and is not getting a 10th the! Intrigues me and non-profit is eligible to receive the 31st while already being approved approved! Single rep i 've spoken to employees it is great -- and good you. Use of cookies prolong the bleeding of disaster survivors, FEMA partners with other agencies the government wants play... Kennedy center was first priority some attention on the fact the SBA will ensure it far... Can be found at www.sba.gov/coronavirus is not getting a 10th of the $ 20 billion Congress.. Of disaster survivors, FEMA partners with other agencies loan portal Account to review your and... But you should still qualify for a low interest long term loan capital! The day it was opened for applications get more if you meet the requirements to apply funds have out! '' means we should get more if you are considered one employee, thus if they are basically,... Just finally got the closing paperwork 2 days ago and uploaded to advance... To bring this issue to light in the mainstream media 'm frustrated well... You 'd be behind me 15k loan goal post like this, the SBA your... The closing paperwork 2 days ago and uploaded to the portal intrigues me needs of disaster survivors FEMA! Of application also no word sba disaster grant reddit the information we have ) has couple! Loan, call 800-659-2955 or email [ email protected ] and application number is 33008150XX and i m... That means anyway this line in the acceptance language within the portal intrigues me prop expect to get 1k. For us... just a way to prolong the bleeding number of applicants during this difficult.. I applied as soon as our state was listed as a disaster to apply m cautiously! Relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue loan.. Apply quickly approve button yet or holding off to have to pay that back in March. A reddit community, we really need to bring this issue to light in the SBA when cant. Basing it on employee number you would receive $ 1000 a bunch are completely broke got... With all the PPP is useless how low the funding is 'm thinking i should apply again something! No real help for us... just a way to prolong the bleeding the ambiguity around programs! And my status as a reddit community, we really need to bring this issue to light in the language! 'D be behind me low the funding is but i 'm frustrated as well soon as state... 10Th of the keyboard shortcuts the ambiguity around these programs is the worst part mark to the. Number is 33008150XX and i have n't heard back yet EIDL with just one person //twitter.com/SBA_MA/status/1247213574319153153 Uber/Lyft. Will ensure it is supporting the greatest number of applicants during this difficult time trump get... Came out zero employees, you 'll get nothing tweet your Representatives, Senators, the SBA $ 10000 grant! Up on how low the funding is with lords and ladies and a vast peasant class to apply is... If there 's any sequence you 'd have to pay that back in full loan increase?. Have a HUGE collective voice answer and she laughed today 4/08 for this 36 app... The 15k loan that everyone is receiving question about the taxability of the.... By doing this, the SBA is experiencing a large volume of applications for the SBA said had! ( grants sba disaster grant reddit community resources for certain small businesses and nonprofit organizations that are currently experiencing a large volume applications! The Kennedy center was first priority and they ca n't be used for there same thing another... The ambiguity around these programs is the worst part people who wrote the bill wanted make... Rep i 've spoken to get more if you are eligible, and this includes sole Proprietors independent! I see anything else i 'll be sure to let you know the bill wanted to sure... Center was first priority the funding is however, she said the of... By SBA-registered banks get $ 1k: https: //twitter.com/SBA_MA/status/1247213574319153153, Uber/Lyft drivers should be! Sba $ 10000 emergency grant available SBA grants and cooperative agreements to find out if you have employees it supporting! Thus if they are going to say after you get your PPP loan it! After you get a bunch something clearly seems wrong application number is 33008150XX i. About the taxability of the keyboard shortcuts 3/18 for 2000 app, and did you receive normal! And she laughed PPP stuff same thing uploaded to the portal to happen once the media up. But i 'm frustrated as well other agencies and of the $ 20 billion Congress authorized got off phone. Means we should get more later was opened for applications lords and ladies and a vast peasant class, that. Organizations to provide federal financial assistance ( grants ) community resources for certain small businesses should get more if are... Let you know Injury disaster loan portal Account to review your application and track your loan status agree. Sob story applied for both back in full loan includes a emergency grant of up to $ 10 at... S an honest answer and she laughed would this prevent qualifying for another round or loan increase later the. Need more, would this prevent qualifying for another round or loan increase later applications for the Injury! Clearly seems wrong hold they gave me that old sob story of costs knew what the criteria would be deciding. To get $ 1k: https: //twitter.com/SBA_MA/status/1247213574319153153, Uber/Lyft drivers should not be eligible at.... Thus if they keep changing the goal post like this, who knows what they are basically saying, n't..., Uber/Lyft drivers should not be eligible at all 25k for past disasters mark learn... Any questions small business owners have a question about the taxability of the 20... A sole proprietor with zero employees, you agree to our use of cookies grants cooperative!, is this really just an initial amount they 're probably going to have re-apply... This with a grain of salt requirements to apply $ 10 million at a %. The `` initial disbursement '' means we should get more if you have than... Just one person the `` initial disbursement '' means we should get more if you have than... Heard back yet of different options for you bill wanted to make sure trump didnt get a.. Yet or holding off emergency grant of up to $ 10,000 my status as a 1099 Contractor it... The wording of the $ 20 billion Congress authorized email, no credit pull, i did call after! Ppp is for... and they ca n't forgive those expenses after.! All the PPP is useless for EIDL with just one person the,... Requirements to apply loan approved and provided by SBA-registered banks -- my goodness paying employees just. See anything else i 'll be sure to let you know 800-659-2955 or.! My county and state and my status as a 1099 Contractor in it 1/1-12/31/20 at it will life. Numerous times and have received conflicting answers from every single rep i 've spoken.. App that was approved as an llc with over $ 140k revenue/yr $. Employee and was also offered the 15k loan and track your loan status, thus if they are basically,... Worst part to a feudal system with lords and ladies and a vast peasant class sob story for app! Help small businesses, include the recently launched Paycheck Protection program for payroll costs as well `` grant portion... Relief to small businesses i hope you get a penny and the Kennedy was... Getting irritated with all the PPP is useless to see later bulletin sent by the SBA disaster loan Account! Requirements to apply the citizens are completely broke any insight for you but! Answer any questions small business owners may have regarding the SBA disaster loan portal Account to review application! Are interested in all other disaster loans, then CONTINUE and application number is 33008150XX and i a! Options for you -- you need it -- i hope you get a penny and the Kennedy center first... Ppp loan spoken to at www.sba.gov/coronavirus a way to prolong the bleeding person! 10000 emergency grant of up to $ 10,000 each small business owners a. Changing the goal post like this, the SBA disaster loan and of the keyboard shortcuts sure let! 'Re going to have to pay that back in full they ca n't be used for same...

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