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Then the maximum you can get forgiven from the ppp is 27k 30k the 3k grant.
Eidl grant reddit. 3 11 applied eidl app 33001xxxxx. I read yes and that the total will factor in the grant from the eidl. Is unemployment insurance the ppl loan. As most of you already know the eidl advance grant program has ended and the full 20 billion in funding for the advance has been exhausted.
Business had 3 ftes before jan 31 2020 is based in in which was officially declared a disaster zone on 3 19. Thomas suozzi d glen cove would lower rates on economic injury disaster loans or eidl from 3 75 for businesses and 2 75 for nonprofits to 1 for both groups. Applied for eidl in long form on 3 20 and received app number 2000xxxx. Small business administration or sba.
What is the status of the advance grant program. The option has been removed from new applications. The bill introduced this week by rep. Economic injury loan grant eidl gives a grant of up to 10 000 for those who apply for the loan regardless if you get approved.
The lower rate would apply to loans made between mid march and dec. 31 by the u s. Here we can discuss eidl loans advances and all things related to the 2020 cares act. 4 18 denied unsatisfactory credit history 4 19 apx.
Can i still get a grant. 11 points 5 months ago. Employee retention credit erc gives some businesses a refundable tax credit on 50 of their payroll up to 5 000 per employee. Grants from eidl they could have at least gave all small businesses their grants first instead of paying out large loans to a few and depleting their money especially after reneging on the 3 day promise and the full 10k that would have helped some of us a lot.
Started working on credit got husband s son s stimulus paid off cards etc. I can t find it again but if i do i ll come back with a link. If you get both the eidl grant and the ppp loan whatever you got from the grant is deducted from the amount that can be forgiven on the ppp. 6 10 got request for verifying for the advance reconsideration.
So to give an example with fake numbers. If you got a 30k ppp loan and also got a 3k eidl grant.
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