How can small businesses use stimulus packages to weather the economic impact of coronavirus?
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Oh my god!! Unfortunately a lot of the information about PPP and EIDL stimulus programs are interpreted incorrectly. In other words everybody seems to have their own version. Most information seems to be correct, but twisted a bit. NO this money is NOT drying up next week. EIDL is on till end of 2020. PPP ends on June 30th. Please dont spread wrong messages out there and spread panic.
I am open to answering any questions. As a trailer, PPP program is not easy to get. Why? You need to be QUALIFIED to get into the line to be able to get it. As in, if you do not have an SBA loan to begin with, your PPP application will NOT be accepted by ANY bank in USA for atleast 4 weeks of not more, depending on their ability to FIRST take care of all their existing SBA loan clients, this covers 7a and 504. ONLY after they go taking care of their SBA loan portfolio, they will open the window for NON SBA loan clients to even talk. So do not be surprised if dont get an answer from your favorite bank. Need more information? Call me at xxx-xxx-xxxx or email me at [email address]. Please stay safe all!