Hi Hanna, great video! Recently approved for the modification. You had a similar question, but to clarify, I am able to replace my worn out work vehicle with one of similar scope and make the payments, not buy outright? Or is this considered a capital improvement? Thanks:)
Another issue has been for those self-employed, single-member LLC‘s, sole props, who are consultants or contractors and have minimal overhead and minimal expenses.
I agree. I would advise most sole props not to take this money unless they have eligible expenses to use it on. I just see people into bad debt positions just because the money was offered.
Hi Clara. Thanks so much for your prompt reply that was super helpful. I have just one more question hopefully you don't mind. In the bank, I have personal account and seperate account for the EIDL funds. To pay myself with the EIDL loan, should I transfer money from the EIDL account to my personal account as my salary based on my Tax file 2021? Thanks a million in advance one more time and my appreciation for your valuable time to show me a right way to walk.
Hello Hanna - paying yourself with EIDL is not ideal as a sole proprietor. But if you HAVE to, please document a fair wage and how you determined what you are paying yourself for the work you did in your business. I try to tell people to use EIDL for other things, but if you need to use it to pay yourself, make sure you have clear documentation on the amount you choose to pay yourself.
Thanks so much Clara for your guidance in everything related to EIDL. I have one more question if you don't mind. It is can we use certain amount of the loan to pay for the sale tax in this season?
Thank you Clara for providing this information. I have four questions to clarify: 1) If you are single-member LLC, How are you able to pay yourself while working to rebuild your business, with an EIDL advance? 2) If so, how do you pay yourself, and based on what schedule? 3) Does the EIDL Advance also have a Forgiveness process too? I did not quite understand from the video. 4) Are you able to use funds to make maintenance car repairs for vehicle used in business? Thanks for your work.
Awesome information in these videos. I used the eidl funds to pay for fuel on a fleet of trucks. I now have a big surplus of capital I could really use. Can I put a shop up with the surplus? Or buy other business equipment if needed with my surplus? Also do I legally need to seperate it from my working capital account? I don't understand the concept of these (red) eidl working capital vs (green) money that is freed up. To me a dollar is green regardless as long as you have the expenses to show you paid vs the surplus you use on other purchases.
@@ClaraCFO I know date of my forst payment due, but haven't received SBA invoice. How much earlier before 1st due date should ome expect to get invoice in mail?
@@franciscobello1519 you can call them for a statement here: "If you do not have a letter or statement, please contact the SBA COVID EIDL Customer Service Center at 833-853-5638."
I have never lost money in my business where I could not pay all my bills, even though it got scary at times. So, I have the EIDL loan. Since I can pay my business bills (barely at times) do I say I am using the EIDL funds (or even PPP) to pay these bills, or am I using my business income to pay these expenses? How are they going to tell. EIDL was deposited in my Business account, where all my business income goes. What do I do?
you always guys talking about how to use The Eidl loan !! Does that mean The SBA will ask us about the expenses even thogh the loan less than $10.000 ?
Would it be possible for you to talk about the "personal guarantor" aspect of this loan. We were lucky to get the 1st EIDL loan in 2020. We requested an increase (when it was made available in spring 2021) and we recieved as offer to increase the amount. The offer IS over $200K. I am worried about the personal guarantor aspect of the loan. If we went under (worst case scenario hopefully) can the SBA come after me (the signer of the loan) personally? My home, car and my credit score?
Hello, I am trying to figure out if we can use EIDL funds to pay off IRS debt. I know it the past the SBA did not allow for this, but I believe that has now been changed. However, I cannot find this written anywhere in the SBA website so I am not sure I have this correct. Is this addressed anywhere on their website? Thanks in advance.
I have been making payments to my EIDL loan and I looked on our CAF account and our payments are all in the interest column? And the balance is not correct. I can't find help on their website for an explanation. When I make a payment and I want to pay additional payment toward principal how do I let them know that? I wonder if others are having that problem?
Hi Tina - are you payments in excess of the total interest due? Remember that interest accrued from day 1, so you need to pay off all interest due before they start going to principal - this can be a significant amount for many people.
I was told if you close your business, you would give what was not used back. Sign up for the SCORE/SBA Webinars. They will answer your EIDL questions.
Hi Clara, in the case of Film production single member LLC, what can I use the EIDL loan for? Would be paying myself considered distribution as I'm a single member llc? Would be a film production contractors salary payments be considered working capital even if it's not a recurring expense? Thank you
Hi Marco - yes, your contractor payments are definitely considered working capital. I would avoid using the funds for owner distribution if possible. The SBA's guidelines with that are very vague. If you can use the funds for other things, it will be easier to prove if you are audited. The self payments are harder to document and substantiate.
Is there any specific timeframe the funds must be used by? So if business it fine, can it be kept as safety net, assuming payments are being made of course ?
I am self Employed as a landscaping without any employees . I had $9,700 only from Eidl last week , so Can I use this loan to business rent or pay roll for myself ?
Hi Clara. Thank you for such a great video. May I ask you an important question. I’ve received an invitation from the SBA to apply for the Targeted and Supplemental Grants. In that invitation it says “Complete the monthly gross receipts for each year listed on the form. Gross receipts include all revenue in whatever form received or accrued, from whatever source. If there was a period with no sales, enter 0”. So, my question is do I need to include my Unemployment Benefits as well in the form? As far as I know Unemployment is a competition but not a revenue, that’s why I’m not sure. I just don’t want to get in trouble with the SBA later on. Thank you in advance.
Hi Anna, they offered me 260,000. Should I take it all or just take up to 200,000? I didn’t really understand what you meant about the 25,000 and 200,000. Can you explain to me more in detail please. Thanks.
Hi Joaquin - I am sorry I just got to this - did you already take action? Loans under $25k require no collateral. Loans under $200,000 require no personal guarantee. I hope you got some funds. I think they have run out of money in the program!
QUESTION: how is the increase calculated? I realize it’s up to 4x the amount of the loan, but if most of that loan was paid back will the increase be based off the amount that remains? I would think not and I would think it would be based off the original loan however I have repeatedly tried to get an answer from the SBA to no avail.
So can you pay Rent with the EDIL? I have two rental that I live in. I travel alot for work in my Sprinter van. I have a place on the east and one on the west coast. Thanks
Question, if we used our LOC to pay our payroll for the year of 2021, are we able to use the SBA funds to pay off the balance of the LOC that covered the payroll for that period?
if it says in my portal where the loan amount is , it says "Amount Confirmed" is that good meaning the funds are set aside for me? or does everyone's say that
Michael, the portal is going to close May 16th. I believe all the funds are exhausted. If you want to even try to see if you have funds available to you, I'd proceed with the process ASAP. It's likely there is no funding for you, but your chance to try is running out. From the SBA website: "COVID-19 EIDL Funds have been exhausted. COVID-19 EIDL portal will close on May 16, 2022 - download your loan documents now."
Hi Clara. Thank you for the great video. However, I still didn’t quite understand if we could spend the EIDL loan, Targeted and Supplemental Grants on payroll? I’m a sole-proprietor (Schedule C filer). Can I spend the Loan on paying to myself? Thank you
My understanding since last year is you cannot use it to pay yourself unless you are paying for work/hours you are actually doing. For instance if you’re spending time working with clients, building your website, Basic bookkeeping for your business. Anything you typically page yourself to do. But it’s definitely not like the PPP where we took owner compensation or compensation replacement where are you transferred the entire amount of the PPP To your personal account.
I get we can't refinance long term debt, my biggest question is around my vehicle, which I mainly put business miles on is financed. I had to defer $3500 worth of payments because I didn't have the funds to pay the bill from my Rideshare work. I'm curious if I could pay up the deferment because the economic harm was caused by the pandemic. It would be nice if I could bring my car payment back to what it was pre-pandemic status.
Since EIDL needs to be spent on working capital, I'd focus the EIDL money on operating costs and use other funds from operations to cover your outdoor space. It would be a matter of documentation.
Hello, I do Uber and Delivery as independent contractor and i received the funds in 2021, can i reimburse paid expenses starting Feb. 2020 or i should use the money to pay expenses after the date i received it .
What if you were a Lyft driver and because of the Covid your vehicle was repossessed can you still purchase another vehicle of equal or lesser value with the EIDL loan?A friend of mine came across this problem and asked me. Did not know what to tell her
The SBA has webinars through SCORE. Sign up for them and the SBA will directly answer your questions. Usually on Wednesday for the EIDL. It has helped me a lot with getting needed answers to questions. Good luck.
I appreciate you taking the time to give us this information. I am in the transportation business. I would’ve normally replaced my vehicle had not COVID struck. So I can’t use it to replace my major equipment?
You can't outright buy new equipment with it, no. BUT, if it is replacing old equipment, you can pay the payments on the loan of the new equipment. I get how this seems silly. Remember, it's meant to help maintain status quo - not fuel growth!
Hi Hannah, thanks for the video, but I was really hoping you could elaborate more (by that I mean explain like I'm 5) on how I can pay myself, an independent contractor who files a Schedule C with no employees, after my PPP is used up. For example, if my PPP owner's compensation share is $8k for 2.5 months, can I pay myself that same amount again after the PPP is used up, allowing me to use it on growing my business, or even personal expenses?
Can I use this to purchase a new car for my company? I use my own car for work. The car I drive now is breaking down so I was wondering if I could buy another car with this money?!? Someone please help
I was told on an SBA webinar through SCORE, that the EIDL can be used for payroll as a sole proprietor and independent contractor. Sign up for the webinars, you can get direct answers from the SBA to your questions.
I gave it back . Reasons are . The Gov . Shut businesses for over a year . I am a sole proprietor i I've been in business for 14 years the first 7 years was a struggle almost lost everything . No bank loan or credit just blood sweat and prayers now into my second 7 year sragey , when thing just stared to turn here comes the movement and shut me down iam so angry the government allowed to big companies to continue , walmart , home , depot , cosco , bj's , sam's club , buse and trains were packed . Never had a bank loan I was debt free my business my bread and butter they tried to mess with it . Now with the loan if anything happens the government will confiscate your livelihood . Be careful what you signed I gave 80% back I'll pay the rest of before Xmas . I don't want to get stuck for 30 years loan . This is travesty .
Sign up for the EIDL Webinars through SCORE. The SBA will answer your questions directly in the webinar. It has helped me a lot and I have gotten all my questions answered straight from the source. Good luck.
Is it a business car loan? If so, yes! Here's the summary of usage "Working capital to make regular payments for operating expenses, including payroll, rent/mortgage, utilities, and other ordinary business expenses, and to pay business debt incurred at any time (past present or future)" You can NOT use it to pay off a personal car loan.
Thank You, Clara, this was very helpful. I have one question. If you get an EIDL Advance for operating expenses, can I get an EIDL Loan for damage done to rental property, missed rent, computer damage, website, software updates, etc.. I never go a PPP Loan and wish I saw this video when it was offered.
Hi Hanna, great video! Recently approved for the modification. You had a similar question, but to clarify, I am able to replace my worn out work vehicle with one of similar scope and make the payments, not buy outright? Or is this considered a capital improvement? Thanks:)
Another issue has been for those self-employed, single-member LLC‘s, sole props, who are consultants or contractors and have minimal overhead and minimal expenses.
I agree. I would advise most sole props not to take this money unless they have eligible expenses to use it on. I just see people into bad debt positions just because the money was offered.
Hi Clara. Thanks so much for your prompt reply that was super helpful. I have just one more question hopefully you don't mind. In the bank, I have personal account and seperate account for the EIDL funds. To pay myself with the EIDL loan, should I transfer money from the EIDL account to my personal account as my salary based on my Tax file 2021? Thanks a million in advance one more time and my appreciation for your valuable time to show me a right way to walk.
Hello Hanna - paying yourself with EIDL is not ideal as a sole proprietor. But if you HAVE to, please document a fair wage and how you determined what you are paying yourself for the work you did in your business. I try to tell people to use EIDL for other things, but if you need to use it to pay yourself, make sure you have clear documentation on the amount you choose to pay yourself.
Hi Clara. Thanks much for your prompt reply. It is the California sales- tax fiscal year paid to the State board of Equalization.
Thanks so much Clara for your guidance in everything related to EIDL. I have one more question if you don't mind. It is can we use certain amount of the loan to pay for the sale tax in this season?
What kind of tax? Could you clarify a bit more?
Hi Hannah, thank you for the information. I do have a question, can I give the remaining funds back to the SBA, if I don't use it all?
Thank you Clara for providing this information. I have four questions to clarify: 1) If you are single-member LLC, How are you able to pay yourself while working to rebuild your business, with an EIDL advance? 2) If so, how do you pay yourself, and based on what schedule? 3) Does the EIDL Advance also have a Forgiveness process too? I did not quite understand from the video. 4) Are you able to use funds to make maintenance car repairs for vehicle used in business? Thanks for your work.
Awesome information in these videos. I used the eidl funds to pay for fuel on a fleet of trucks. I now have a big surplus of capital I could really use. Can I put a shop up with the surplus? Or buy other business equipment if needed with my surplus? Also do I legally need to seperate it from my working capital account? I don't understand the concept of these (red) eidl working capital vs (green) money that is freed up. To me a dollar is green regardless as long as you have the expenses to show you paid vs the surplus you use on other purchases.
Can u do a vid on EIDL loan repayment process? Is SBA setting up an autopay portal, monthly invoices?
Hi! I did this one: ruclips.net/video/T2AL-w6bV_s/видео.html
Let me know if your questions aren't answered!
@@ClaraCFO I know date of my forst payment due, but haven't received SBA invoice. How much earlier before 1st due date should ome expect to get invoice in mail?
@@franciscobello1519 you can call them for a statement here: "If you do not have a letter or statement, please contact the SBA COVID EIDL Customer Service Center at 833-853-5638."
If we didn’t pay ourselves via W2 or draw. How can we use an eidl loan at this point. We are an S corp
I have never lost money in my business where I could not pay all my bills, even though it got scary at times. So, I have the EIDL loan. Since I can pay my business bills (barely at times) do I say I am using the EIDL funds (or even PPP) to pay these bills, or am I using my business income to pay these expenses? How are they going to tell. EIDL was deposited in my Business account, where all my business income goes. What do I do?
you always guys talking about how to use The Eidl loan !! Does that mean The SBA will ask us about the expenses even thogh the loan less than $10.000 ?
Would it be possible for you to talk about the "personal guarantor" aspect of this loan. We were lucky to get the 1st EIDL loan in 2020. We requested an increase (when it was made available in spring 2021) and we recieved as offer to increase the amount. The offer IS over $200K. I am worried about the personal guarantor aspect of the loan. If we went under (worst case scenario hopefully) can the SBA come after me (the signer of the loan) personally? My home, car and my credit score?
Hello,
I am trying to figure out if we can use EIDL funds to pay off IRS debt. I know it the past the SBA did not allow for this, but I believe that has now been changed. However, I cannot find this written anywhere in the SBA website so I am not sure I have this correct. Is this addressed anywhere on their website? Thanks in advance.
hi Clara. I have a question: if I received a loan, then what can I spend this money on? eg: Can I buy a truck for business?
I have been making payments to my EIDL loan and I looked on our CAF account and our payments are all in the interest column? And the balance is not correct. I can't find help on their website for an explanation. When I make a payment and I want to pay additional payment toward principal how do I let them know that? I wonder if others are having that problem?
Hi Tina - are you payments in excess of the total interest due? Remember that interest accrued from day 1, so you need to pay off all interest due before they start going to principal - this can be a significant amount for many people.
Appreciate the information...question, under what circumstances would the SBA request the EIDL funds back?
I’m guessing when you’re charged with a crime
I was told if you close your business, you would give what was not used back. Sign up for the SCORE/SBA Webinars. They will answer your EIDL questions.
Hi Clara, in the case of Film production single member LLC, what can I use the EIDL loan for? Would be paying myself considered distribution as I'm a single member llc? Would be a film production contractors salary payments be considered working capital even if it's not a recurring expense? Thank you
Hi Marco - yes, your contractor payments are definitely considered working capital. I would avoid using the funds for owner distribution if possible. The SBA's guidelines with that are very vague. If you can use the funds for other things, it will be easier to prove if you are audited. The self payments are harder to document and substantiate.
Is there any specific timeframe the funds must be used by? So if business it fine, can it be kept as safety net, assuming payments are being made of course ?
No timeline! Just use it as you need it!
I am self Employed as a landscaping without any employees . I had $9,700 only from Eidl last week , so Can I use this loan to business rent or pay roll for myself ?
Hi Clara. Thank you for such a great video. May I ask you an important question.
I’ve received an invitation from the SBA to apply for the Targeted and Supplemental Grants.
In that invitation it says “Complete the monthly gross receipts for each year listed on the form. Gross receipts include all revenue in whatever form received or accrued, from whatever source.
If there was a period with no sales, enter 0”.
So, my question is do I need to include my Unemployment Benefits as well in the form?
As far as I know Unemployment is a competition but not a revenue, that’s why I’m not sure.
I just don’t want to get in trouble with the SBA later on.
Thank you in advance.
You do not include your UI benefits. I have asked that question b4 to the SBA.
Unemployment is obtained on a personal level and is reported on your personal taxes..your business didn't receive unemployment!
Hi Anna, they offered me 260,000. Should I take it all or just take up to 200,000? I didn’t really understand what you meant about the 25,000 and 200,000. Can you explain to me more in detail please. Thanks.
Hi Joaquin - I am sorry I just got to this - did you already take action?
Loans under $25k require no collateral. Loans under $200,000 require no personal guarantee.
I hope you got some funds. I think they have run out of money in the program!
QUESTION: how is the increase calculated? I realize it’s up to 4x the amount of the loan, but if most of that loan was paid back will the increase be based off the amount that remains? I would think not and I would think it would be based off the original loan however I have repeatedly tried to get an answer from the SBA to no avail.
So can you pay Rent with the EDIL? I have two rental that I live in. I travel alot for work in my Sprinter van. I have a place on the east and one on the west coast. Thanks
I replied to your other comment! thanks for asking!
@@ClaraCFO thank you
Question, if we used our LOC to pay our payroll for the year of 2021, are we able to use the SBA funds to pay off the balance of the LOC that covered the payroll for that period?
Yes, you can use the EIDL loan for payroll and covering business debts, as long as you weren't claiming any of that payroll for your PPP loan.
if it says in my portal where the loan amount is , it says "Amount Confirmed" is that good meaning the funds are set aside for me? or does everyone's say that
Michael, the portal is going to close May 16th. I believe all the funds are exhausted. If you want to even try to see if you have funds available to you, I'd proceed with the process ASAP. It's likely there is no funding for you, but your chance to try is running out. From the SBA website: "COVID-19 EIDL Funds have been exhausted. COVID-19 EIDL portal will close on May 16, 2022 - download your loan documents now."
Hi Clara. Thank you for the great video. However, I still didn’t quite understand if we could spend the EIDL loan, Targeted and Supplemental Grants on payroll? I’m a sole-proprietor (Schedule C filer). Can I spend the Loan on paying to myself? Thank you
My understanding since last year is you cannot use it to pay yourself unless you are paying for work/hours you are actually doing. For instance if you’re spending time working with clients, building your website, Basic bookkeeping for your business. Anything you typically page yourself to do. But it’s definitely not like the PPP where we took owner compensation or compensation replacement where are you transferred the entire amount of the PPP To your personal account.
Will the EIDL loan be forgiven at some point? Some say yes, some say no...what are your thoughts?
I get we can't refinance long term debt, my biggest question is around my vehicle, which I mainly put business miles on is financed. I had to defer $3500 worth of payments because I didn't have the funds to pay the bill from my Rideshare work. I'm curious if I could pay up the deferment because the economic harm was caused by the pandemic. It would be nice if I could bring my car payment back to what it was pre-pandemic status.
Hi I have a question I have a trucking business and my truck broke down can I use the EIDL money to repair it to Keep my business going ?
yes! perfect use of the EIDL
Ok thanks so much!
Can you just put the amount your approved for in your savings and pay off the loan?
not sure why you would take a loan in this situation?
Thank you
happy to help!
Can PPP loan be used for anything that is listed on your business P&L? Thanks!
Re adaptation, as a restaurant, can we spend EIDL money to expand outdoor dining space?
Since EIDL needs to be spent on working capital, I'd focus the EIDL money on operating costs and use other funds from operations to cover your outdoor space. It would be a matter of documentation.
great video, things change after new modifications rule. I'd like to see your opinion as of 09-22
Here you go! ruclips.net/video/UR4FI_i9tZc/видео.html
Hello could you pay your self ia salary if you file schedule C ?
What if we use our car for work? Like uber and instacart? Can we pay off our car?
You can't do that.
Hello, I do Uber and Delivery as independent contractor and i received the funds in 2021, can i reimburse paid expenses starting Feb. 2020 or i should use the money to pay expenses after the date i received it .
No time frame to use funds
What if you were a Lyft driver and because of the Covid your vehicle was repossessed can you still purchase another vehicle of equal or lesser value with the EIDL loan?A friend of mine came across this problem and asked me. Did not know what to tell her
The SBA has webinars through SCORE. Sign up for them and the SBA will directly answer your questions. Usually on Wednesday for the EIDL. It has helped me a lot with getting needed answers to questions. Good luck.
I appreciate you taking the time to give us this information.
I am in the transportation business.
I would’ve normally replaced my vehicle had not COVID struck.
So I can’t use it to replace my major equipment?
You can't outright buy new equipment with it, no. BUT, if it is replacing old equipment, you can pay the payments on the loan of the new equipment. I get how this seems silly. Remember, it's meant to help maintain status quo - not fuel growth!
Hi Hannah, thanks for the video, but I was really hoping you could elaborate more (by that I mean explain like I'm 5) on how I can pay myself, an independent contractor who files a Schedule C with no employees, after my PPP is used up. For example, if my PPP owner's compensation share is $8k for 2.5 months, can I pay myself that same amount again after the PPP is used up, allowing me to use it on growing my business, or even personal expenses?
Can I use this to purchase a new car for my company? I use my own car for work. The car I drive now is breaking down so I was wondering if I could buy another car with this money?!? Someone please help
No, but you can make payments on an existing or replacement car loan/lease.
I have a quick question, I have a truck business my trailer keeps breaking. Can I purchase a new a use trailer but in better condition than mines.
Unfortunately you can't.
You can under new rules purchase equipment
August 4 FAQ says use for payroll. What about sole prop?
I was told on an SBA webinar through SCORE, that the EIDL can be used for payroll as a sole proprietor and independent contractor. Sign up for the webinars, you can get direct answers from the SBA to your questions.
I gave it back .
Reasons are .
The Gov . Shut businesses for over a year .
I am a sole proprietor i I've been in business for 14 years the first 7 years was a struggle almost lost everything .
No bank loan or credit just blood sweat and prayers now into my second 7 year sragey , when thing just stared to turn here comes the movement and shut me down iam so angry the government allowed to big companies to continue , walmart , home , depot , cosco , bj's , sam's club , buse and trains were packed .
Never had a bank loan I was debt free my business my bread and butter they tried to mess with it .
Now with the loan if anything happens the government will confiscate your livelihood .
Be careful what you signed I gave 80% back I'll pay the rest of before Xmas . I don't want to get stuck for 30 years loan .
This is travesty .
Hi Hanna!
Can you please make a video for how to pay self proprietor with the RRF?
Hey Daniel! I actually looking into this. I haven't seem any guidance on it yet.
@@ClaraCFO Thank you 😊
Thank you for such good information. Regarding sole proprietors with no payroll, can we "pay" ourselves with the EIDL grant?
check out JJ THE CPA ON here. i like her alot. but JJ says yes with a chart on the % you can take
Sign up for the EIDL Webinars through SCORE. The SBA will answer your questions directly in the webinar. It has helped me a lot and I have gotten all my questions answered straight from the source. Good luck.
You make things seen so clear. THANK YOU!
Happy to bring some clarity!
How can we apply for EIDL grant. ???
Everything is what you CAN'T do with it, but not very much is clear about what you CAN do with it that won't get you in trouble.
Thanks for all the great content! How long do we have to use the EIDL funds? Is the a time limit??
No time limit!!! It's a 30 year loan.
can you pay off your car with your EIDL...?
Is it a business car loan? If so, yes! Here's the summary of usage "Working capital to make regular payments for operating
expenses, including payroll, rent/mortgage, utilities, and other
ordinary business expenses, and to pay business debt incurred
at any time (past present or future)"
You can NOT use it to pay off a personal car loan.
@@ClaraCFO thank you
Can I use my current revenue to pay down long term debt while using the EIDL loan to pay working capital type expenses?
How long does it take to get approved for increased
Hanna thanks so much good information!!
You're so welcome, glad it was helpful!
@@ClaraCFO can I apply for a sba loan if I’m just starting my business?
Thanks for the great information.
You bet!
Sorry, my phone is acting up. I meant Clara.
How do you calculate your payroll with Eidl? Line 31 or line 7 if you are Sole Prop or independent contractor?
line 31- I've confirmed this with a tax attorney
Thank You, Clara, this was very helpful. I have one question. If you get an EIDL Advance for operating expenses, can I get an EIDL Loan for damage done to rental property, missed rent, computer damage, website, software updates, etc.. I never go a PPP Loan and wish I saw this video when it was offered.
Sorry, I meant to say Carla. Not sure why I called you Anna 😁
No worries! My name is actually Hannah! Clara CFO Group is the name of the company - a video explaining Clara is coming soon! :D
This helps out a lot. Thank you.
So glad! Thanks for watching!
You're so helpful and so beautiful
hi Clara. I have a question: if I received a loan, then what can I spend this money on? eg: Can I buy a truck for business?