URGENT NEW INFO Update 4/4/2020 - Very Important for Free $10k: ruclips.net/video/Cbv9NVNJhwU/видео.html How to Apply: ruclips.net/video/6f7AtMyDoJc/видео.html All the Ways to Get your Free Money: ruclips.net/video/Wu3qSCfMbP8/видео.html
while you have news outlets fueling the panic and not giving any actual use of information...we got a youtuber helping out the American people more... seems right
@Cyn Moir i never said specifically of the virus. i said new media is there to scare. they could be talking about all the good/goodwill in the world but they dont. they ignore it and talk about all the bad. also paragraphs would get your wall of text read. how loose do you want our dr and nurses? i dont want to lose them.
Thank you for making this video!!! I just applied for my business and I will need this to help with rent, utilities, and payroll. My state is currently has shut down all non essential businesses until April 14th.
For those complaining about the government wasting tax payers's money , this is is also being provided to a much larger scale for BIG CORPORATIONS. IT'S CALLED CORPORATE SOCIALISM. Us getting a possible 10k grant is peanuts compared to all the tax payers money spent BAILING OUT THE BIG BANKS THAT CREATED THE FINANCIAL MELTDOWN IN 2008. GET A GRIP FOLKS!!
Thank you so much!!! I applied when you first uploaded March 31 and I got denied the PPE loan but I RECEIVED THE GRANT FOR $5000 yesterday!!! I have screenshots if anyone doubts his info!!! Thank you so much for this valuable information! I am beyond happy. Really needed it.
Maybe the most valuable and informing piece of content ever put on RUclips. As a business owner I wish to say Thank You sir. I literally filled out the form as you spoke me thru it. Be Well All. And thank you Kevin. Appreciate the Grant Cardone videos... Modern Day Snake Oil Salesman
This is amazing! As an owner of an S-Corp that has no employees this will be huge for me. I already lost a project that would have made me 50k this summer and I doubt any more work is coming my way until late summer/fall. This 10k can cover my personal payroll for the next 3months. Thanks for all the awesome content.
Just finished the entire form... let’s hope for the best... my team here in Ga neededs it. Sold two trucks of my, just make sure my team has some money to survive throw this virus since all my job got canceled for next two months almost.
followed your advice and RE-applied today via the new form. Just got an email from the SBA suggesting I re-apply via the new form. This dude is seriously connected. Nice call. Thanks for all the awesome, timely content lately!
I attended another SBA webinar this morning. They are hosting webinars Mon-Fri. Seems like twice a day. One at 9am and one at 3pm. Each one lasts about 1 hour with a Q&A session at the end. Notes from the webinar: The application process was changed from the early method which required you to submit a PnL, schedule of debts/liabilities, etc. It is now the streamlined application shown in the video. If you applied the first go round, you must apply again with this new app. Information does not need to be dead accurate. Eventually, an SBA loan officer will call you to fine tune the details. Rate is fixed (by law) at 3.7%. Length of the loan is TBD. SBA will determine how much you qualify for. The 10k stimulus has nothing to do with the SBA loan. That is a separate stimulus which does not have to be paid back. You still need to apply for the SBA loan to be considered for the 10k stimulus. If you can prove hardship, the loan may be considered for deferral, but the SBA was adamant they want you to pay back the actual loan. You must have "decent credit" to qualify. They did not provide an exact number. You must be able to prove the ability to repay the loan in the future. IOW, your business must be profitable. Your business should gross a minimum of 100k/yr to qualify for the loan. An agent will contact you in the future to request supporting documentation. Pretty much all the documents they initially asked for in the first couple of applications. ETA on an agent contacting you is TBD. They are overwhelmed. They did make it seem like a phone call will be the preferred method. You can snail-mail supporting documentation if need be. Be sure to mail to the FORT WORTH, TEXAS location. The SBA has two addresses. One in DC, one in TX. The TX office is handling the EDIL loan application.
Gabriel Velazquez great info, do you know if businesses can apply for both this economic grant in addition to SBA Payroll Protection Program, where the SBA loan is forgivable as long as you pay rent and employees for two months? Can we apply for both?
@@phoebebeach1194 From what I have heard you can get the $10k advance and then apply for the PPP loan. If you get the PPP loan as well then the amount of the PPP loan that will be forgiven will be reduced by the $10k.
This will be my second time applying, I didn't recieve anything from the first time i applied I've seen other people comment mentioning a 3 day response I didn't even know about that🤷♀️. I'm staying prayerful and hopefully I'll see a deposit soon. I will let you guys know if I actually got the check because that's what everyone want to hear that someone actually received this money God bless us all🙏
Rosie Vega I don’t have any employees, but I count myself as an employee. The application wasn’t really specific AT ALL. Im assuming they want to get this money out ASAP.
Rosie Vega go to their website. Click on the top link once you’re there & fill out their forms. It’s very simple , make sure to select the $10k advance option.
7:21 should be zero for you, Kevin (and for most people). Cost of Goods Sold (COGS) only applies if you sell physical goods such as fish 😂 All jokes aside, COGS is the cost of purchasing or manufacturing physical goods.
@@krishuggins4358 when you go on the SBA site it only gives you the option for this new form.... It was pretty annoying because I had filled out the previous form & saved it to my account, but hadn't submitted because I was waiting for a home Refi to go through first
URGENT! Hey Kevin, I really need your advice. My wife and I aare about to make an offer on a townhouse in Waterloo, Ontario in Canada. It's an investment rental property that we plan to rent out right away. Were trying to choose between two potential units. However, most people we talk to including our parents advice us not to invest right now because of Covid-19 and the Recession. I even got in an argument with my dad a few hours about this being a bad idea blablabla. What do you think ? Should I wait?
The 10 k is most likely gone already 12:35pm EST on 3-30-20. I just applied and my number was XXXX 124,000 in my state. from this we can extrapolate a rough estimate of my place in line time 50 states = I am somewhere in the 5 millionth applicant. Take the last 6 digits of your application #, multiply by 50. this should be your rough position in line. This doesn't account for rejected applicants without grant approval. Anyway, APPLY because if the whole loan is most likely forgivable in the future, then really its all free. But make sure you are prepared to pay it back until this actually happens. Good Luck
Thank you Kevin. You're like the big bro I never had. For many that don't need these programs more power to you. I'm starting off in the real estate investment world and started my own business last year. Not a good time for this but with all your help I feel I will get through it. I'm also in your REI group and I've learned so much. I'm looking forward to joining your DIY property management group soon. Thank you for everything.
I heard if you get the $10000 advance on the EIDL LOAN and get refused then the $10000 is considered a Grant if you are not accepted for the loan. However if you are accepted for the loan the $10000 gets rolled into the loan and not forgiven. Similarly, if you get the $10000 advance and then get the PPP then that amount is taken off the total amount you get from the PPP and not forgivable. I'm not an expert but that is what I heard from a reliable source in my business group. I also heard that the unforgivable portion of the PPP is due fairly quickly where the EIDL has much longer terms. If you know the definitive answers, it would be appreciated.
I don't believe that this is correct. This is a quote from my senators website: To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent, and mortgage payments. www.schatz.senate.gov/coronavirus/small-businesses/sba-economic-injury-disaster-loan-and-emergency-grant
Casey Burns Investing I’m wondering if these EIDL or PPP loans show up on our credit reports? The thing is I need to refinance some apartments and don’t want this to show up negative if I’m taking disaster grants or PPP that would mean we have major hardship right? Then wouldn’t the mortgage lenders deny me in underwriting
Thanks for this. I applied today. I had to lay off my two employees and trying to hold everything together. One is so sick not even sure if he’s going to make it.
Do you think I could use the loan to buy a house that's also going to be the permanent address of my business in addition to my own residence (1st floor = business, 2nd floor = my residence) as a business improvement expense?
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
@@djnaydee Where do you see that in the terms & conditions? Is it listed someone? Otherwise I'll reapply as an Individual as I've been doing business longer than a year, just not under my LLC.
I filled out as an llc so I said yes and repeated my llc info. also I put 1 for my wife, but I have 10 -12 independent contractors so I'm calling to see. our accountant said don't put as employees unless you took social security and medicare, i'd rather add it back in.
Brandi Mitchem I would remove this comment. Some things are better left off of YT. Whatever you do with your money is your business. Talk with your accountant not random folks on YT. Plus there are a lot of haters on here that would love to plot on you and bring you down. Real talk. I don’t even you but it took me 2 mins to looked up where you work, where you live, what you do for a living, your family info, the type of car you drive, your hobbies. You gotta be careful out here. I swear I’m not a creep but these YT folks be plotting on us so it’s best not to put yourself out there too much.
8:54 From the IRS website: "A subcontractor is a worker who is not your employee. You give a Form 1099 to a subcontractor showing the amounts you paid him. The subcontractor is responsible for keeping his or her own records and paying his or her own income and self-employment taxes."
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
I’m wondering if one could do it for themselves if an independent contractor that works as an Uber driver of something and another one for their business if they have an LLC in another business.
SHALOM - I decided to have my clients that could legitimately qualify for a “loan” as an independent contractor AND a business - apply using both scenarios.
I only caught this today, so HOPEFULLY, I was able to still get in line for the 1st 1 million. It's been 8 days, but who knows? Maybe people are too distracted to hear about this. I know Id never heard of it before.
@@Nick-kq8pg so what? Youre going to spend that money in germany, we have tons of actual small buisinesses here in the US who are hurting just as much as you or more and have employees and deserve the money more than you. Plus when they get that money they WILL spend EVERY last cent in America NOT Germany. Get a grip no one owes you anything
@@user27278 Clearly you don't know anything about business, or about me. I develop American websites for American companies. And what guarantees American businesses won't spend it on shit made in China? Nothing.
Hello Kevin. In order to get the P.P.P. you have to go thru the banks, not directly thru the S.B.A. If you go directly thru the S.B.A. the loan is not forgivable.
Kevin, just started watching your Vids...great stuff...hey do you have content on how to get started with investing? Now seems a good time to start learning
I know several people who have filled this out and haven’t gotten a dime they get a notice that says they will be contacted in 2-3 weeks to discuss what loan best fits your needs... and they haven’t received $10000 at all....
KEVIN, you da MAN!!! Thank you for keeping us on the starting line of this disaster relief!! VERY HELPFUL. I am in the short term rental property management business, so THIS IS GOLD info.
Before you rush to fill this out thinking you're going to get 10k free dollars, remember this is a LOAN application you are filling out. It states they are willing to give you a "free" 10k advance on top of what ever loan you are approved for. It's very unclear at this point what total amount each will get. I assume it's based on your income/expense ratio stated in the form, but who knows?!?
Jeff you might want to watch the latest post here which includes an email from the SBA ruclips.net/video/F9G5Uts0ZCk/видео.html&lc=UgyF7qvYAqRlkg5Z0T54AaABAg
i am a musican and im missing out on money from performances and studio services but usually its under the table when i get paid so im guessing i dont qualify. also i care about my credit score and dont want to put an unnecessary inquiry on my credit report so i cant just apply to see what happens.
should always file taxes even if it's a little of what you you actually earn. some type of 'record of income' is better than nothing. NAL/NACPA #dontsuemebro
What Does the EIDL Grant Mean for Small Businesses? These working capital loans (including the grant) may be used only to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits or to pay for expansion. Funds cannot be used to paydown long-term debt. They also cannot be used to consolidate debt.
@@brogusstv I googled it 10 different ways, you are right about the in 3 days emergency payment is a grant so I applied... Everything over that is a loan from banks that will need to be paid back.
You said to double-check the bank info, I was like haha sure that's so trivial... well I did check and my routing and account were flipped. Almost made a $10k mistake, thanks Kev!!!!
Thanks Kevin for invaluable and timely and incredible information!!! You are amazingly generous and caring and I am forever grateful to you. You are a lifesaver!! Thanks a million!! Hod Bless you and your family.
Mostly the $10,000 grant that you don't get with the PPP program. Plus, this one is easier to apply for. PPP requires a banker relationship since you have to go through your bank.
I got extremely lucky. Spent all day yesterday putting the files together, as soon as I was about to upload, the loan website updated. I filled that out as soon as I could. For once I was as early as I could be!
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
While stuck inside with her favorite chatterbox, I feel like Lauren must be saying "Kevin please go into your office and make a video, our sons and i need to get some sleep"
Saw it 1AM PST. By the time I submitted and got my business owner friends involved in 10 minutes the application jumped 500+ the numbers are rapidly increasing. I was at 20,000 range.
keltecinnovations that means nothing, there is still availability for the loan. There has been 2 parts to this, the first being Friday night through Monday night and you had to upload application with a signed letter stating the grant u want prior to acceptance. Third part last night is this he speaks on and is only way to get confirmation of where you are as far as # of applications 🙃
@@brandondennis4369 It's only free when you spend it on what they qualify it for, if you spend it on anything else it becomes a loan - from my understanding.
I am an online reseller and I don’t have an employee but I do pay an accountant to do my taxes end of the year, do you think that can work if I put, 1 employee in the application?
If you create a 1099 for your tax accountant, they are a 1099. But, you don't pay them a salary, so they aren't a direct employee. But, unless your accountant is creating the 1099 for themselves on your behalf, I doubt you filled one of them out.
It's says if your business is effected by this disease.i Haven't seen anything saying if you did or didnt have employees.if you have a federal tax number you go under business.if you file under your social go to homeowner and sole proprietor
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
URGENT NEW INFO
Update 4/4/2020 - Very Important for Free $10k: ruclips.net/video/Cbv9NVNJhwU/видео.html
How to Apply: ruclips.net/video/6f7AtMyDoJc/видео.html
All the Ways to Get your Free Money: ruclips.net/video/Wu3qSCfMbP8/видео.html
Was that your real SSN? 😬🙄😲😱
Hey Kevin would this work for someone who is self employed owner operator truck driver?
Arnaldof8001@gmail.com
while you have news outlets fueling the panic and not giving any actual use of information...we got a youtuber helping out the American people more... seems right
media isn't there to inform but in scare.
100 percent!!!!
@Cyn Moir i never said specifically of the virus. i said new media is there to scare. they could be talking about all the good/goodwill in the world but they dont. they ignore it and talk about all the bad.
also paragraphs would get your wall of text read.
how loose do you want our dr and nurses? i dont want to lose them.
just used his EIN and got a nice loan to keep my family going! Thanks Kevin!
I wish the stimulus check had an affiliation contract with kevin 😆 since hes the one informing me with CORRECT information, you're awesome kev
I CALLED THE SBA TODAY , AGENT RECOMMENDED ME TO RESUBMIT APPLICATION AS THE NEW FORM IS COMPLIANT WITH THE NEW BILL (THANKS KEVIN)
Just got the email saying to do just that
I haven’t gotten anything yet lol
@@Calebmepapi same
Why you screaming tho lol
@@armenpetrosyan425 🤣
Thank you for making this video!!! I just applied for my business and I will need this to help with rent, utilities, and payroll. My state is currently has shut down all non essential businesses until April 14th.
Kevin, thank u. I literally lost $2 mill overnight
For those complaining about the government wasting tax payers's money , this is is also being provided to
a much larger scale for BIG CORPORATIONS. IT'S CALLED CORPORATE SOCIALISM.
Us getting a possible 10k grant is peanuts compared to all the tax payers money spent BAILING OUT THE BIG BANKS THAT CREATED THE FINANCIAL MELTDOWN IN 2008.
GET A GRIP FOLKS!!
Thank you so much!!! I applied when you first uploaded March 31 and I got denied the PPE loan but I RECEIVED THE GRANT FOR $5000 yesterday!!! I have screenshots if anyone doubts his info!!! Thank you so much for this valuable information! I am beyond happy. Really needed it.
Maybe the most valuable and informing piece of content ever put on RUclips. As a business owner I wish to say Thank You sir. I literally filled out the form as you spoke me thru it. Be Well All. And thank you Kevin. Appreciate the Grant Cardone videos... Modern Day Snake Oil Salesman
Kevin keeping us on the most updated news down to the hour.
Daniel Iles I was number 20,000
I might have to sub
Monday 30th at 5:30pm number 3300,3164,160 --Guess that mean we are out of luck since there is only money for 34.9 million business
Aztec Graphic no way.. rewrite the number clearly please?
3300 3,164,160
This is amazing! As an owner of an S-Corp that has no employees this will be huge for me. I already lost a project that would have made me 50k this summer and I doubt any more work is coming my way until late summer/fall. This 10k can cover my personal payroll for the next 3months. Thanks for all the awesome content.
Just finished the entire form... let’s hope for the best... my team here in Ga neededs it. Sold two trucks of my, just make sure my team has some money to survive throw this virus since all my job got canceled for next two months almost.
Hi, quick question? Did you recieve a confirmation email after you submitted the app on the website?
Teniecha C I haven’t, not sure why either. Did you ?
No, I didn't either. Got the confirmation number at the end. My email was correct but I didn't get an email.
Teniecha C I gave them a call, they said it should take approximately two weeks to receive a email.
Wow, thanks for the info
followed your advice and RE-applied today via the new form. Just got an email from the SBA suggesting I re-apply via the new form. This dude is seriously connected. Nice call. Thanks for all the awesome, timely content lately!
IT'S MY MONEY AND I WANT IT NOW!
“Call JG Wentworth,...I can’t remember the song!....”
@@scottsmith2235 877 cash now
I attended another SBA webinar this morning. They are hosting webinars Mon-Fri. Seems like twice a day. One at 9am and one at 3pm. Each one lasts about 1 hour with a Q&A session at the end. Notes from the webinar:
The application process was changed from the early method which required you to submit a PnL, schedule of debts/liabilities, etc. It is now the streamlined application shown in the video.
If you applied the first go round, you must apply again with this new app.
Information does not need to be dead accurate. Eventually, an SBA loan officer will call you to fine tune the details.
Rate is fixed (by law) at 3.7%. Length of the loan is TBD.
SBA will determine how much you qualify for.
The 10k stimulus has nothing to do with the SBA loan. That is a separate stimulus which does not have to be paid back.
You still need to apply for the SBA loan to be considered for the 10k stimulus.
If you can prove hardship, the loan may be considered for deferral, but the SBA was adamant they want you to pay back the actual loan.
You must have "decent credit" to qualify. They did not provide an exact number.
You must be able to prove the ability to repay the loan in the future. IOW, your business must be profitable.
Your business should gross a minimum of 100k/yr to qualify for the loan.
An agent will contact you in the future to request supporting documentation. Pretty much all the documents they initially asked for in the first couple of applications.
ETA on an agent contacting you is TBD. They are overwhelmed. They did make it seem like a phone call will be the preferred method.
You can snail-mail supporting documentation if need be. Be sure to mail to the FORT WORTH, TEXAS location. The SBA has two addresses. One in DC, one in TX. The TX office is handling the EDIL loan application.
Gabriel Velazquez great info, do you know if businesses can apply for both this economic grant in addition to SBA Payroll Protection Program, where the SBA loan is forgivable as long as you pay rent and employees for two months? Can we apply for both?
@@phoebebeach1194 From what I have heard you can get the $10k advance and then apply for the PPP loan. If you get the PPP loan as well then the amount of the PPP loan that will be forgiven will be reduced by the $10k.
This will be my second time applying, I didn't recieve anything from the first time i applied
I've seen other people comment mentioning a 3 day response I didn't even know about that🤷♀️. I'm staying prayerful and hopefully I'll see a deposit soon. I will let you guys know if I actually got the check because that's what everyone want to hear that someone actually received this money God bless us all🙏
Just got this done 10 minutes ago. It’s insane how many people/businesses are unaware of this resource. Like always, thanks Kevin!
Erik Ledezma
How about if I have no employees this past year , but in the 13 previous years I did??
Rosie Vega I don’t have any employees, but I count myself as an employee. The application wasn’t really specific AT ALL. Im assuming they want to get this money out ASAP.
Erik Ledezma Thank u for taking the time to reply to me !!
How do u apply for EDD ?
Rosie Vega go to their website. Click on the top link once you’re there & fill out their forms. It’s very simple , make sure to select the $10k advance option.
7:21 should be zero for you, Kevin (and for most people). Cost of Goods Sold (COGS) only applies if you sell physical goods such as fish 😂 All jokes aside, COGS is the cost of purchasing or manufacturing physical goods.
I was thinking the same thing, I sell a service & my COGS is 0 as well, I thought I was filling out the form wrong
Sandeep Kumar yes, your COGS would be zero if you don’t sell a physical product.
You're a saint Kevin for keeping us in the loop and informed when some of us don't have the time to keep up with all this craziness
Wow! This form is so much easier than the other forms 😂. Did mine before you were even half way through the video! Thanks for the fast upload!
Where's the new form John?
@@krishuggins4358 when you go on the SBA site it only gives you the option for this new form.... It was pretty annoying because I had filled out the previous form & saved it to my account, but hadn't submitted because I was waiting for a home Refi to go through first
@@SupaSandeep thanks man. Do u kniw and if tis grant is funded by bank account or check?
@@krishuggins4358 if you filed for direct deposit on your previous tax return then it will be sent to that bank for direct deposit
I signed up last night and was #3,600,000 (approximately) in line.
Jesus Kevin, you're on a roll with these videos 🙏
Kevin, thank you for taking the time for everyone. Can you please make a walkthrough for Lyft/uber drivers? Anything would be much appreciated.
Filled mine out two days ago. PRAYING I get it. Would help me out soooo much
Two days ago was the old app with multi pages. You need to go to the site and apply again. FAST!
Maybe. I applied on Sunday evening with the new application, so that was two days ago. They actually launched the new application on Sunday afternoon.
I applied. If it works, great. If it doesn't work, I've lost nothing but 10 minutes of my time. Thanks, Kevin. Good luck everyone.
URGENT! Hey Kevin, I really need your advice. My wife and I aare about to make an offer on a townhouse in Waterloo, Ontario in Canada. It's an investment rental property that we plan to rent out right away. Were trying to choose between two potential units. However, most people we talk to including our parents advice us not to invest right now because of Covid-19 and the Recession. I even got in an argument with my dad a few hours about this being a bad idea blablabla. What do you think ? Should I wait?
The 10 k is most likely gone already 12:35pm EST on 3-30-20. I just applied and my number was XXXX 124,000 in my state. from this we can extrapolate a rough estimate of my place in line time 50 states = I am somewhere in the 5 millionth applicant. Take the last 6 digits of your application #, multiply by 50. this should be your rough position in line. This doesn't account for rejected applicants without grant approval. Anyway, APPLY because if the whole loan is most likely forgivable in the future, then really its all free. But make sure you are prepared to pay it back until this actually happens. Good Luck
Literally just finished filling this out. Thank you so much for the concise explanation.
HAM Aquatics did you receive a confirmation email?
@@laysimaly7234 No. Just the page at the end with my number. They email/call later for info.
Thank you
I did this. 3300xxxxx April 1 still no word.
Great video Kevin, I think it’s really important to guide small business’ and self employed people so they can benefit from these grants
Thank you Kevin. You're like the big bro I never had. For many that don't need these programs more power to you. I'm starting off in the real estate investment world and started my own business last year. Not a good time for this but with all your help I feel I will get through it. I'm also in your REI group and I've learned so much. I'm looking forward to joining your DIY property management group soon. Thank you for everything.
I heard if you get the $10000 advance on the EIDL LOAN and get refused then the $10000 is considered a Grant if you are not accepted for the loan. However if you are accepted for the loan the $10000 gets rolled into the loan and not forgiven. Similarly, if you get the $10000 advance and then get the PPP then that amount is taken off the total amount you get from the PPP and not forgivable. I'm not an expert but that is what I heard from a reliable source in my business group. I also heard that the unforgivable portion of the PPP is due fairly quickly where the EIDL has much longer terms. If you know the definitive answers, it would be appreciated.
I don't believe that this is correct. This is a quote from my senators website: To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent, and mortgage payments. www.schatz.senate.gov/coronavirus/small-businesses/sba-economic-injury-disaster-loan-and-emergency-grant
@@huestifer I think you are correct
They are working Monday-Sunday. They are also hosting webinars Monday-Friday from 9-5.
Sign up for email alerts so you can be up to date with changes.
No worries Roz, the slug lady from Monsters Inc, is hard at work processing all of the government checks as we watch this video.
Casey Burns Investing I’m wondering if these EIDL or PPP loans show up on our credit reports? The thing is I need to refinance some apartments and don’t want this to show up negative if I’m taking disaster grants or PPP that would mean we have major hardship right? Then wouldn’t the mortgage lenders deny me in underwriting
Metal Bum Sounds like you need legal and/or tax advice. I just run Coronavirus samples and talk about stocks.
Metal Bum
Sorry man.
Truly wish I could help. I’m not in the business.
Thanks for this. I applied today. I had to lay off my two employees and trying to hold everything together. One is so sick not even sure if he’s going to make it.
I wish you all the best, same to your employee
@@FocusedTrades Thank you.
Business rescue on the way!!
The way I understand it, you do not need to have had a 1099 relationship with indep contractors to be eligible.
"Do not put my name on there. I'm just some dude from RUclips". LOL!!!
Just needed to reference this for my remod. Thanks Kevin. Best to your efforts at knocking Newsom out of his seat. Rooting for you in AZ
The $10,000 is the bonus for small business CEO’s
Lol it's their bailout
This just shows the average American really has no education as to where our prosperity really comes from.
😂 this comment is hilarious
Yup thats me
Loser mentality...
Thanks for these updates. They have saved me from typing out all this information to friends that have small businesses. Great content!
You're starting to remind me of Matthew Lesko the crazy free govt money guy from way back.😁
I was trying to think of who he reminded me of. That's who it is. LOL LOL LOL
Thank you Kevin! I just found this and filled out the form, I hope that I am not too late... Stay well!
Do you think I could use the loan to buy a house that's also going to be the permanent address of my business in addition to my own residence (1st floor = business, 2nd floor = my residence) as a business improvement expense?
If its business related, then yes. Frankly, I highly doubt they are going to audit people who don't actually get the loan.
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
Joseph Strongbow can you prove this isn’t a scam lol
Kevin being a true leader right now. We need leaders!
Need to have been in business longer than one year to qualify
😧
Oh really? So then what is stopping you from reapplying as an Individual contractor not under and LLC for a different state?
@@AlecWyld I aplied anyway. Nothing to lose. It'll make up for lost rent from tenants
@@djnaydee Where do you see that in the terms & conditions? Is it listed someone? Otherwise I'll reapply as an Individual as I've been doing business longer than a year, just not under my LLC.
@@AlecWyld it said it in the old application, didn't see it,in the new one. But apply anyway. Maybe youll get that 10k lottery ticket of printed money
I filled out as an llc so I said yes and repeated my llc info. also I put 1 for my wife, but I have 10 -12 independent contractors so I'm calling to see. our accountant said don't put as employees unless you took social security and medicare, i'd rather add it back in.
You’re the best Kevin. I’ve been watching for a while now and always stellar information and attitude.
Kevin, I'm sure you have covered this before....Can you go over how many Rentals you currently own/manage, home value, rental rates and such?!?!
If my business is in my home, could it be used as a down payment for a new home that I'll continue to do my business out of?
ruclips.net/video/IndGN2YBwfA/видео.html
Brandi Mitchem I would remove this comment. Some things are better left off of YT. Whatever you do with your money is your business. Talk with your accountant not random folks on YT. Plus there are a lot of haters on here that would love to plot on you and bring you down.
Real talk. I don’t even you but it took me 2 mins to looked up where you work, where you live, what you do for a living, your family info, the type of car you drive, your hobbies. You gotta be careful out here. I swear I’m not a creep but these YT folks be plotting on us so it’s best not to put yourself out there too much.
Brandon Burks yep
I have been watching your videos. Thanks so much for taking the time to do them. You are making a difference in my life.
Can we use this if we haven't done 1099's in the past, but would like to this year? I have been self employed since last year.
just try it like he said ! :)
You had to have filed for your 2019 taxes. Jan 1st 2019 through Jan of 2020
I looked into that too. They were due on 1/31.
Luna Baron right! I posted the steps if you’re a gig worker on here
Aaron Helander can we just do a change to old returns and add 1099 now?
8:54 From the IRS website: "A subcontractor is a worker who is not your employee. You give a Form 1099 to a subcontractor showing the amounts you paid him. The subcontractor is responsible for keeping his or her own records and paying his or her own income and self-employment taxes."
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
I’m wondering if one could do it for themselves if an independent contractor that works as an Uber driver of something and another one for their business if they have an LLC in another business.
Green Giant - yes, I know that. That’s what I said.
The other part was if they had another business.
@@shalom8858 Hi does Postmates and DoorDash drivers qualify? Which we would be independent right?
@@shalom8858 Thank you... Good luck to you as well.
Kimberly Jackson Independent Contractors can apply. You will check the 2nd sentence on the first question. Then continue on.
SHALOM - I decided to have my clients that could legitimately qualify for a “loan” as an independent contractor AND a business - apply using both scenarios.
I only caught this today, so HOPEFULLY, I was able to still get in line for the 1st 1 million. It's been 8 days, but who knows? Maybe people are too distracted to hear about this. I know Id never heard of it before.
Doesn't let you enter a business address outside of the US. (I'm a US citizen independent contractor living in Germany) :(
Nick H You better use your mama's address
This money is to stimulate the US economy, not foreign economies
@@user27278 Well I pay fucking taxes, so I'm part of the US economy
@@Nick-kq8pg so what? Youre going to spend that money in germany, we have tons of actual small buisinesses here in the US who are hurting just as much as you or more and have employees and deserve the money more than you. Plus when they get that money they WILL spend EVERY last cent in America NOT Germany. Get a grip no one owes you anything
@@user27278 Clearly you don't know anything about business, or about me. I develop American websites for American companies. And what guarantees American businesses won't spend it on shit made in China? Nothing.
Hello Kevin. In order to get the P.P.P. you have to go thru the banks, not directly thru the S.B.A. If you go directly thru the S.B.A. the loan is not forgivable.
Awesome video, love it! You've been putting in some hours cranking out this important information.
I got my $1000 direct deposited today. Thanx for the info. I guess it came from the 2nd wave of funds.
Kevin, just started watching your Vids...great stuff...hey do you have content on how to get started with investing? Now seems a good time to start learning
I know several people who have filled this out and haven’t gotten a dime they get a notice that says they will be contacted in 2-3 weeks to discuss what loan best fits your needs... and they haven’t received $10000 at all....
I filed my 2018 business taxes but haven’t filed my 2019 yet. But I still filled out the application. Does not paying my 2019 taxes yet disqualify me?
Tech Views let me know if you get an answer
No
@@tjlift22 Due to COVID-19, Tax Return due date was extended to July15, 2020. You should be OK.
Kevin.... Did you seriously put your actual social security number for everyone to see? Really bro?
Sarah Marson It’s his company EIN I’m pretty sure anyone can access anyone’s EIN
number but good call
KEVIN, you da MAN!!! Thank you for keeping us on the starting line of this disaster relief!! VERY HELPFUL. I am in the short term rental property management business, so THIS IS GOLD info.
Kevin been putting in OT 🔥!!!
Kevin is my new Hero! You rock, man.
Just so I understand correctly, the 10,000 can be used for whatever. Then the loan has to be specific to your business?
Vance Nielson wondering as well, anyone?
Business only. Insurance, fuels, utilities, payroll, current loan obligations, maintenance, etc.
Before you rush to fill this out thinking you're going to get 10k free dollars, remember this is a LOAN application you are filling out. It states they are willing to give you a "free" 10k advance on top of what ever loan you are approved for. It's very unclear at this point what total amount each will get. I assume it's based on your income/expense ratio stated in the form, but who knows?!?
Jeff you might want to watch the latest post here which includes an email from the SBA ruclips.net/video/F9G5Uts0ZCk/видео.html&lc=UgyF7qvYAqRlkg5Z0T54AaABAg
i am a musican and im missing out on money from performances and studio services but usually its under the table when i get paid so im guessing i dont qualify. also i care about my credit score and dont want to put an unnecessary inquiry on my credit report so i cant just apply to see what happens.
should always file taxes even if it's a little of what you you actually earn. some type of 'record of income' is better than nothing. NAL/NACPA #dontsuemebro
What Does the EIDL Grant Mean for Small Businesses?
These working capital loans (including the grant) may be used only to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits or to pay for expansion. Funds cannot be used to paydown long-term debt. They also cannot be used to consolidate debt.
Be careful, these are loans made by banks, they have to be paid back ...
Peter Mangano EIDL is straight SBA, the one from the banks (also guaranteed by SBA) is called PPP.
@@brogusstv I googled it 10 different ways, you are right about the in 3 days emergency payment is a grant so I applied... Everything over that is a loan from banks that will need to be paid back.
Peter Mangano so you don’t have to pay that back then?
@@lifeofrico you will have to pay by back the loan, it remains to be seen if you can just get the grant... Uncharted territory, at the moment.
Being a landlord count? Owner occupied duplex currently. Could use that money to upgrade some stuff in the property? No LLC or anything
Doesn't matter, apply.
Like before watching because Kevin always posts 🔥🔥
You said to double-check the bank info, I was like haha sure that's so trivial... well I did check and my routing and account were flipped. Almost made a $10k mistake, thanks Kev!!!!
Are we just going to ignore the fact that they don't allow cam girls to apply for this?
Chris Mitchell but they’re still able to work from home. Business is boomin
lolll I was thinking the same thing, that's messed up they got bills too!
My subconscious at work : see Kevin video, skip ad, press like, press play.
Today is the third day - the day $10k should have bee deposited into my account. It didn't happen. Did anyone else receive the $10k yet?
Yes I got mine.
Mike Honcho when did you apply and how were u notified?
did you get yours?
probably, not replying nomore^ 😂
Same 4th day for me and nothing
Thanks Kevin for invaluable and timely and incredible information!!! You are amazingly generous and caring and I am forever grateful to you. You are a lifesaver!! Thanks a million!! Hod Bless you and your family.
How is this different then the sba ppp program. From what I’ve read you can’t get both one offsets the other.
Mostly the $10,000 grant that you don't get with the PPP program. Plus, this one is easier to apply for. PPP requires a banker relationship since you have to go through your bank.
I got extremely lucky. Spent all day yesterday putting the files together, as soon as I was about to upload, the loan website updated. I filled that out as soon as I could. For once I was as early as I could be!
I was refreshing the page all day Sunday thinking it would update, and it did. I literally submitted within about 10 minutes of the form going up.
I’m one of those that is completely self employed- me, myself, and I. Are there any programs for people like me struggling from this? Thanks!
Jennifer Maxine where r u located?
Denver. CO
@@jenniferm229 File for unemployment in your state. 600 a week backdated to jan 29th if you can prove it hurt your income
You should also have told people to unfreeze their credit at the various bureaus, because there is a hard credit check involved in this.
When I get the check I will get your course as part of my business expenses.
I did this last night!!!!! Awesome!
i got 2 million pesos!!! I will spend everything on Taco Bell
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
Over 3.3 Million now submitted.
What if you’re an independent contractor without a legal business formed?
sole proprietorship is a legal form of business........your name is probably your business name
It won’t let me enter my SSN. Do you have this issue?
@@dearsophiebrooke you should be able to use Ssn. If not you can get an ein from IRS.
@@dearsophiebrooke You probably enter one two many numbers or not enough its nine digits.
EIN & SSN are both 9 digits. Just enter whichever you have
Thanks Kevin! Ended up doing this twice for my two side hustles!
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
While stuck inside with her favorite chatterbox, I feel like Lauren must be saying "Kevin please go into your office and make a video, our sons and i need to get some sleep"
Saw it 1AM PST. By the time I submitted and got my business owner friends involved in 10 minutes the application jumped 500+ the numbers are rapidly increasing. I was at 20,000 range.
keltecinnovations that means nothing, there is still availability for the loan. There has been 2 parts to this, the first being Friday night through Monday night and you had to upload application with a signed letter stating the grant u want prior to acceptance. Third part last night is this he speaks on and is only way to get confirmation of where you are as far as # of applications 🙃
Can any information submitted on this form trigger an audit?
The IRS and the SBA are two different entities. If you mean a traditional IRS audit, I doubt it.
thanks for all the insiteful advise Kevin. I'm a fairly new buisness owner and All the things you have been sharing is a major help.
If you read the wording correctly, it's *UP TO* $10k, "No more than $10k" do not be surprised if they wire $500 as a 'grant' to you and no loan.
Free money is free money.
The Abraham HD I’ll take it
@@brandondennis4369 It's only free when you spend it on what they qualify it for, if you spend it on anything else it becomes a loan - from my understanding.
$10k advance up to $10m loan
The Abraham HD The website, and the bill contradict each other plenty. The bill says small business will get a 10k stimulus period.
WOW! 10,000. Would really be helpful, especially for small businesses owners
I want my money now! :)
dbealby Call J.G. Wentworth
Thank you just did it!!! Cross your fingers!
I am an online reseller and I don’t have an employee but I do pay an accountant to do my taxes end of the year, do you think that can work if I put, 1 employee in the application?
An employee is someone on a payroll.
If you create a 1099 for your tax accountant, they are a 1099. But, you don't pay them a salary, so they aren't a direct employee. But, unless your accountant is creating the 1099 for themselves on your behalf, I doubt you filled one of them out.
John Haller
I didn’t file file 1099 for the account,
Now my question is do I still qualify for the loan? If anyone knows please share. Thanks
1099 is a sub contractor.an employee you supply there materials and building to do there work.
It's says if your business is effected by this disease.i Haven't seen anything saying if you did or didnt have employees.if you have a federal tax number you go under business.if you file under your social go to homeowner and sole proprietor
Kevin is on his grind, go get em brother!!!! I don’t even watch your show but it’s hitting, love it!!!!
"N/A but God bless" lol that was awesome
You should contact David Winter via email at davidwinter46565@gmail.com or on instagram at winter_aility_ or whatsapp on +1(361) 245-0314. If you need legitimate hacking services help with your credit card, bank account, bitcoin, forex account, PayPal, western union, money gram, G-Cash, credit score, instagram and many more. He does not take upfront payment and can solve your financial issues. He is fast and reliable.
It's extremely fast to fill out. 5 - 10 minutes for real. Got it done about 11pm last night.