OFFICIAL 2020 STIMULUS CHECK THREAD

Bert. · Jun 20, 2020

nawghtyhare said:
Pandemic EBT

hurry and apply
they sent me a card with $700+ on it
got it last week
prolly gonna save for thanksgiving and christmas dinner groceries

Who qualifies for this? Lol
Nvm you need to have kids :lol:

ICE CITY CF · Jun 20, 2020

shazay said:
Anyone in here apply for the EIDL loan? It’s back up on sba.gov.

Basically if you have a side hustle (reselling sneakers, Uber, etc) you can apply for the loan and if approved they’ll give you a $1,000 grant and you can decline the loan.

I woke up to an extra rack in my business checking account this week.

I think even if your EIDL loan is denied, you still get the $1,000 grant just for applying if you mark the checkbox and provide banking info when applying. Free money.

I got this in an email on 5/4 and then forgot about my application, had to look up the ACH batch code header just to try and figure out where the money came from. :lol:

You are receiving this message as a notification that your Economic Injury Disaster Loan (EIDL) and EIDL Advance application will not be considered at this time. As of May 4, 2020, new applications will only be accepted from Agricultural Businesses due to the availability of appropriations and the unprecedented number of applications SBA has already received for the EIDL COVID-19 program.

Guccishades · Jun 20, 2020

This loan interest free? They giving you a free band just for applying? I pay taxes on reselling but don’t think I registered as a business. Am I a dub??

shazay · Jun 20, 2020

Guccishades said:
This loan interest free? They giving you a free band just for applying? I pay taxes on reselling but don’t think I registered as a business. Am I a dub??

COVID-19 Economic Injury Disaster Loan | U.S. Small Business Administration

covid19relief.sba.gov

You don’t need to be registered as small business the application is laughably basic (gross income of sales vs costs). The loan isn’t interest free but I only applied to get the $1 k lol.

Guccishades · Jun 20, 2020

shazay said:
COVID-19 Economic Injury Disaster Loan | U.S. Small Business Administration

covid19relief.sba.gov

You don’t need to be registered as small business the application is laughably basic (gross income of sales vs costs). The loan isn’t interest free but I only applied to get the $1 k lol.

Copy so I can apply, take the 1k and refuse the loan??

shazay · Jun 20, 2020

Guccishades said:
Copy so I can apply, take the 1k and refuse the loan??

Yup that’s exactly what I’m doing.

Guccishades · Jun 20, 2020

shazay said:
Yup that’s exactly what I’m doing.

Bet thanks ima look into it and most likely do the same thing. If the interest rate is very low I might even take it lol

1c3m4m · Jun 20, 2020

shazay said:
COVID-19 Economic Injury Disaster Loan | U.S. Small Business Administration

covid19relief.sba.gov

You don’t need to be registered as small business the application is laughably basic (gross income of sales vs costs). The loan isn’t interest free but I only applied to get the $1 k lol.

theres gotta be a catch, giving out 1k for nothing?

Guccishades · Jun 20, 2020

And last question

shazay
I been getting unemployment since business is slow, would doing the loan be considered double dipping or am I good money?

Xennial · Jun 20, 2020

How long did it take to get the grant money?

Hella Strong said:
I woke up to an extra rack in my business checking account this week.

I think even if your EIDL loan is denied, you still get the $1,000 grant just for applying if you mark the checkbox and provide banking info when applying. Free money.

I got this in an email on 5/4 and then forgot about my application, had to look up the ACH batch code header just to try and figure out where the money came from.

ICE CITY CF · Jun 20, 2020

Xennial said:
How long did it take to get the grant money?

The grant money deposited unexpectedly on 6/17.

I submitted EIDL application at the end of the April and got notified it wasn't being considered on 5/4.

shazay · Jun 20, 2020

How To Get $1,000 If You Are A Freelancer, Gig Worker, Or Independent Contractor

Freelancers, independent contractors, and gig workers can get $1000 from the SBA under a newly expanded program.

www.forbes.com

Guccishades said:
And last question shazay
I been getting unemployment since business is slow, would doing the loan be considered double dipping or am I good money?

Not sure about that one :nerd:

Guccishades · Jun 20, 2020

shazay said:
How To Get $1,000 If You Are A Freelancer, Gig Worker, Or Independent Contractor

Freelancers, independent contractors, and gig workers can get $1000 from the SBA under a newly expanded program.

www.forbes.com

Not sure about that one

Aight thanks dude

Guccishades · Jun 20, 2020

I ain’t do my 2019 taxes so don’t know if I should fill that info in with 2018 info or wait til 2019 I’ll think about it

waitwut · Jun 20, 2020

geno90221 said:
Did you call the irs and check?

i called the stimulus check number and another number but i just kept getting the robot couldnt really get to a person is there a number i should try?

macbk · Jun 20, 2020

Saw this thread on page 2 and low-key got excited. Haven't seen it in a minute :lol:

.

addict4sneakers · Jun 22, 2020

The clown is supposed to be giving out more

Bert. · Jun 22, 2020

addict4sneakers said:
The clown is supposed to be giving out more

Source? Thought he was shooting it down

ICE CITY CF · Jun 22, 2020

Guccishades said:
I ain’t do my 2019 taxes so don’t know if I should fill that info in with 2018 info or wait til 2019 I’ll think about it

On the application it explicitly said that if you haven't filed for 2019 yet, fill out a Schedule C and upload it anyway.

I interpreted that to mean fill it out with estimated revenues and expenses for 2019.