The Idle loan does not have forgiveness

The Idle loan does not have forgiveness

Now even though you may have received an EIDL in the past, some of you are telling us that you have not received the email from the SBA, and we really are not sure if you have to get the email in order to request the increase or if you can just basically write the email to the SBA to request the increase. We suggest if you haven’t received the email just write the email request there’s nothing to lose okay. So, that’s what we’re telling our clients that have not received the SBA email and they want to request the EID loan increase we’re telling them, let’s just do the email okay; there’s nothing to lose okay.

So, as a summary we wanted to emphasize that remember that the Idle is a loan; this is not the grant all right. Remember that the Idle program has the grant portion, and the Idle program has the loan portion okay this is to request an increase on your loan all right, and remember it’s a 30-year loan 3.75 interest rate 2.75 for non-profits. If you got your Idle loan in 2020, meaning that you have 24 months to start making your monthly payments from the date from the month you got the funds. If you get your Idle loan in 2021 you have 18 months of payment deferment very important because there’s a lot of people confused. The loan that has forgiveness is the PPP loan which is a ; the EIDL has no forgiveness. Remember that this loan has very strict rules you cannot use the funds for whatever you want and the SBA will be requesting financial statements in the future because they want to check how you are using the EIDL loan funds.

But since we have been working with our clients getting the ideal loans now for a year, we have come up with our own formula here in Freedom Tax and we have come very close to what the SBA has proposed to our clients on getting the EIDL loan okay

In the past, we have done a video on how to correctly use the EIDL loan funds okay. Read the rest of this entry »

pay closure expense and charge, when you would by way of a mortgage this is certainly conventional. That likely contains

pay closure expense and charge, when you would by way of a mortgage this is certainly conventional. That likely contains

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What Is An Association Financing

Connections financing exists to meet with smooth earnings needs in those days from a curiosity about revenue plus species. The actual fact that this phase that takes place as short is commonly used in busine while waiting for longterm funds, customers generally just use them in real property coupons. Read the rest of this entry »

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simpler to glance at your current standard bank statements and general commitment with cash

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