I looked into that. Apparently I don't qualify because

Apr 3, 2020
4:25:51pm

Michael McQuain All-American

as an LLC...I don't pay myself a paycheck or issue myself a W2. If I understand what I read... if I restructured into an S Corp I would qualify for unemployment.

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Michael McQuain

Previous username: 79walkonKUGR
Bio page: Michael McQuain
Joined: Dec 13, 2000
Last login: Jul 31, 2023
Total posts: 10,226 (49 FO)

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Messages

Author

Time

Can those CBers who are small business owners share some info here...

Michael McQuain

4/3/20 3:51pm

You might need to read apply online for the EIDL. did you initially down load

kotacoug

4/3/20 3:53pm

No...no form downloading. I did everything online on their site. It walked me

Michael McQuain

4/3/20 3:54pm

If you did not get to a page that had a Confirmation number that

kotacoug

4/3/20 3:56pm

Yes...yes. I DID get a confirmation number. But since then....crickets.

Michael McQuain

4/3/20 3:58pm

Same. It will be weeks... it’s a government entity

kotacoug

4/3/20 4:02pm

Yes. Also got a confirmation number. Been 3.5 days, nothing. You?

The Old Y

4/3/20 3:59pm

Nothing. It will be weeks. Think of those SBA clerical employees going through

kotacoug

4/3/20 4:01pm

My short: did same thing. Applied for the EIDL. 3.5 days ago. Heard nada.

The Old Y

4/3/20 3:58pm

Hmmmm. Thanks. Not encouraging. I wonder why the EIDL $$$ aren't being

Michael McQuain

4/3/20 4:03pm

Have you put yourself on unemployment insurance benefits?

kotacoug

4/3/20 4:07pm

I looked into that. Apparently I don't qualify because

Michael McQuain

4/3/20 4:25pm

Are you sure that you aren't eligible for the PPP? Self-employed can apply 4/10

Doogal McCougar

4/3/20 5:46pm

Thanks. I'll look into this.

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