Yes I’m getting the xtra 600
Using 2018 or 2019 tax return?
2019
Here I’m Nevada they told self employed people not to apply till mid may. Plus I’m still working a little , so I wouldn’t qualify for any unemployment. But you’ll get that extra $600 till end of July
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We were going to file when our accountant cancelled our meeting so we’re having a hard time doing stuff with 18 returns.
Oh no 
Found out today that we are approved of the PPP. Now waiting for funding.
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Not ppp but my wife and I got the $600 from the cares act today. Finally something!
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Finally approved yesterday and funds deposited this morning. We’re not spending a dime until we read the fine print and also let our accountant read over everything.
It’s nice to know I’ll be able to pay myself now, at least for the next 8 weeks. Good luck to everyone else!
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I just double checked my acct and I got that today also 1k
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B of A emailed me this morning and said I was assigned an SBA number and to be on the lookout for the promissory note to sign. After that funds will be deposited in 1-2 business days. Still waiting for the promissory note now though LOL.
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So I wrote out payroll today out of our PPP account for the first time. I have been cautioned by accountant, banker, and SBA rep to cautiously use this money. Basically whatever we spend out of the PPP money we are also taking that exact amount out of our Business Checking and transferring it to our savings account. We are doing everything to cover ourselves until we are 100% sure the loan is forgivable.
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The hard part for me is that in order to qualify for full forgiveness, you have to bring back your staffing levels to what it was pre Feb 15 for the quarter. I only have the ability to bring back 1 person and that’s our office girl. She never took unemployment because she was so part time. I’ve got 2 other techs that I don’t have enough work for and they’re getting full unemployment and wouldn’t want to return right now anyways.
I may have to just accept that I won’t get full forgiveness and it is what it is. At 1% interest, its basically free money.
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That is true wisdom right there; I applaud your vision.
Without forgiveness on a loan, even 1% interest isn’t the problem; the problem is it turns into a “kick the can down the road situation” where you will eventually have to give the funds back, plus the kicker.
Hopefully there’s a shred of decency in the world and y’all get these loans forgiven.
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Thank you for the suggestions Kyle , this is exactly what I’m going to do . Don’t want it to be a burden down the line if it doesn’t get forgiven . I think this will effect many business later if they miss manage the money
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Oh, I did get the loan done yesterday. Money should be in the bank on Monday or Tuesday or Wednesday or some time in the future LOL. B of A is so slow.
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that Forbes article that was posted was great suggesting to open a separate account for the funds so the disbursements can be clearly tracked and proven
maybe put the the funds into an online savings account (discover etc) and transfer the exact amounts on the same day as a check is written for approved expenses
good job guys on getting your money I’m sure it will really help you out
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Sounds like a smart idea, Kyle. I’m really nervous when we apply for forgiveness it will be denied for some ridiculous reason.
1% interest is great and all but whatever is not forgiven has to be paid back within 2 years. That’s not so great.
PPP came in this morning
EIDL sent me an email last weekend saying i’m still in the queue. I applied for that 7 weeks ago lol
I finally got my stimulus application in today. They ask for 2 numbers from 2018’s tax returns, and my return was amended after I filed it, so I couldn’t figure out what combination of numbers worked.
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Got EIDL Sunday and PPP Monday. Had applied for EIDL several weeks earlier.
Ironically, when I applied for PPP I was worried about the season, now I’m booked 3 weeks out.
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