April 18th Poll: CARES Money Starts To Get To Business Owners In Need
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We received some money into our account this week, but we don’t know if it was from the emergency relief application or the PPP. No one seems to be able to tell us. Any idea how we can find out? We need to know if this loan is forgivable, or if it will need to be paid back, and if so, what I retest rate is attached to it.
11 Replies
Maria Zenoz
from Live the Dare
it cannot be through the PPP. for rge PPP there is a closing and documents to be signed. Your bank would have told you..If is in your personal bank account it could most likely be the stimulus. If you applied for an EDIL loan tge $10K advance is a posibility thathe advance waa later defined to be $1000 per employee. your best bet is to call them.
Have a beautiful Sunday.
God bless,
Maria Zenoz
Ken Sieckman
from The Original Lakes Appliance & TV
If it was the emergency money it would have been 10,000$ and it’s a grant. I applied and have seen nothing.
Charles White
from ReNew Hard Surface Restoration, LLC
I believe it is up to $10,000 but only $1,000 per employee. I received $1,000 in same manner, and I am only employee.
Karen Lasko
from Lazy Dayz Travel
And in the mean time .. if you get money from one of tbe others ... you will be in trouble for double dipping. Shame ...
Randy Wichman
from Applied Painting
Business owners can file for EDIL,
PPP loan and if your are a sole proprietor unemployment.
As long as you use the loan and unemployment for separate uses
More answers from Elyce
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