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Apr 3, 2020
10:06
:42
am
grandpacoug
Starter
I was told by SBA I could apply for both loans. My CPA said is better to apply
For the paycheck protection program first. Any CPAs want to agree or disagree with that strategy and why?
Thanks.
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grandpacoug
Previous username
venomous viper
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grandpacoug
Joined
Sep 6, 2002
Last login
May 11, 2024
Total posts
6,912 (25 FO)
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Messages
Author
Time
Important info if you're an SBA applying for the Payroll Protection Loan
RockyBalboa
4/3/20 7:38am
🤔 You mean the government is over promising, under performing? You don’t say!
brazilcoug
4/3/20 7:42am
My bank sent e-mail last night at 11 PM saying their portal would not be working
grandpacoug
4/3/20 9:10am
Yeah. No shock. This whole 10K in my account in 3 days? Today is when that's
The Old Y
4/3/20 7:51am
Over a million applications were submitted and it is just the SBA handling that
BYUCLA
4/3/20 8:40am
The 10K Grant is part of the Disaster Loan, not the PPP. Different loan.
RockyBalboa
4/3/20 9:33am
I understand. I'm simply pointing out that none of this is going to happen
The Old Y
4/3/20 9:55am
I was told by SBA I could apply for both loans. My CPA said is better to apply
grandpacoug
4/3/20 10:06am
Only apply for the EIDL if you need it. There isn't really a free $10,000 if
BYUCLA
4/3/20 10:11am
I applied about 10 minutes after it opened. We will see. PPP Loan doesn't work
The Old Y
4/3/20 10:18am
Yeah we are going to take a gamble and wait until we are closer to opening
BYUCLA
4/3/20 10:48am
Thanks. I wasn't as concerned about a $10,000 grant. I own large Apt. buildings
grandpacoug
4/3/20 10:20am
This is my issue too: Length. Do I need an EIDL loan tomorrow? Well, tell me
The Old Y
4/3/20 10:23am
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