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In this episode, we're discussing how to get you EIDL grant and loan funds faster before the December 31, 2021 deadline; latest progress report, 4506-T updates; low income updates; $2 million loan cap; appeals. The House passage of the $3.5 Trillion budget plan. ................................................................................................................................................................................................................................
How to Claim the Credit?
Eligible employers can report wages and related health insurance costs for each quarter on their quarterly employment tax returns via a Form 941 beginning with the second quarter of 2020. Additionally, if a company’s employment tax deposits do not cover the credit cost, that employer can receive a payment in advance from the IRS by submitting a Form 7200. This means potentially having the ability to get the tax credit back early in the form of a check from the IRS.
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In this episode we take you through the PPP forgiveness appeals process for applicants who are denied forgiveness or who are approved for less than the amount requested to be forgiven. On August 11, 2020, the Small Business Administration (SBA) released an interim final rule title "Appeals of SBA Loan Review Decisions under the PPP," establishing guidelines for appealing SBA decisions. Appeals go to the SBA Office of Hearing & Appeals (OHA). PPP borrowers can request reviews of Lender decisions.
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In this episode, we discuss how the EIDL loan applications are getting fast approvals and funds deposited for small businesses to use for their business. To ease the burden of payback, the SBA is deferring payments until 2022. We'll go over specifics and what you should know to make the best use of your funds as well as alternatives for those who do not qualify for the loan.
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In this episode we discuss the opening of the new SBA PPP Direct Forgiveness Portal for applicants with loans worth $150K or less. More than 600 lenders have opted in to the new platform representing 30% of eligible loans. PPP appellants don't have to pay principal or interest fees during loan repayment period.
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In this episode we discuss how EIDL loan applicants waiting for funding. The SBA has initiated several program improvements that has increased processing 12X and allow them to process ALL 600K applications by mid August 2021.
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Many EIDL grant and loan applicants have been denied due to Unverifiable Information. In this episode we discuss what SBA determinations means and what to do about it.
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In this episode we discuss the Targeted EIDL Advances of up to $15K. Think it's a scam??? It's not. Don't miss your opportunity to get FREE money for your business. We're discussing the expansion, eligibility requirements, how to apply, get approved and funded.
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In this episode, we're discussing IMPORTANT EIDL GRANT & LOAN NEWS and answering your questions to help get you approved and funded.
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In this episode, we're discussing 5 reasons small businesses need funding, which is important to the health, growth and sustainability of every business. We'll touch on how to set up your business to get the capital you need and where to find it.
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In this episode, we review stimulus programs available to provide financial relief to small business. These programs include: Shuttered Venue Operator Grant, EIDL Loan, Targeted EIDL Advance/Grant, Supplemental EIDL Grant, SBA Debt Relief, Child Care Provider Block Grants, Employee Retention Tax Credit, Employer Vaccine Tax Credit and Self-employment Tax Credit.
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