PPP loan ... its free money guys!
- Thread starter Edim81
- Start date
I'm a bit behind the times.... what is a ppp loan???
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Payroll Protection Program. It was a loan they started giving out after the pandemic hit, and if you proved that you used the funds for payroll only, they forgave the loan.
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People are getting put in jail for this
now im glad i didn't get it lol
My accountant encouraged me to apply for a PPP Loan. I hadn't paid much attention to these loans believing I wasn't eligible. In May, with his help I applied and got a loan of $7299.75 at 1% interest. My bank was in the process of being bought-out by Huntington at the time and I had great difficulty with the loan forgiveness process. By mid August I was notified by my bank and the SBA that my loan had been forgiven. Free money. Is this a screwed up country or what.
the EIDL loan is also available until the end of this month and can help you get cash at a really low interest rate that you can pay back over 30 years.
by the way, on that EIDL loan, you don't have to make ANY payments for the first two years!
To attract money into the city's economy and production sector, we need to interact with investors who implement projects worth 50 and 100 million. If we limit ourselves to interacting only with large investors, it will not give much growth to the industry.
Some people offered to help me with this loan... I said "no, thank you!"People are getting put in jail for this