April 18th Poll: CARES Money Starts To Get To Business Owners In Need
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We received both our CARES funds and the EIDL grant directly deposited into our business account at 2:00 am this morning. We got in under the wire one day before the first round of congressional funding ran dry. It took two weeks to receive an email with the documents to sign electronically and then received the funds literally 12 hours after signing.
You will not receive an email telling you the funds are in your account; you just have to keep checking through your banking app. You will see two separate payments. The PPP comes from the Treasury Dept and the EIDL comes from the SBA.
1 Reply
Glenda Bugg
from GEB Global Solutions,Inc.
I am a Registered Nurse in Home Health nursing, who has worked part time and have received half of pay for 4 weeks and was told that things should be better to get full pay possible in next 2 weeks. I must honestly say if it had not been for my network marking business in health and wellness products Essential Oils and Sanitary Napkins, I would be worried. My advice to others to get in a network marking business to continue a residual income. It gave me peace of mind and some funds to live off until things get back in place. Let me know if anyone need any help.
Robin Weissman
from Senior Home Consultants
I would like to connect with you to learn more about the essential oils business. I would like to know if you do other aromatherapy products. Please get in touch with me at 917-991-1093. Thanks
Richard Toll
from Rococo
How was your EIDL fund amount determined. What is it by the number of employees or was it the $10,000 amount that they say you are entitled to as an advance. Is the bridge loan considered a separate loan or was that part of the EIDL loan?