COVID RELIEF: Paycheck Protection Plan

[Tahoe Ray]

My understanding is that both single individuals and those with families could apply. If your AGI for 2019 was $75k or less, you would be eligible for $1,200. Married couples are eligible for $2,400, plus an additional $500 for every child under 17. These are not considered loans and is separate and distinct from small businesses.
Businesses with fewer than 500 employees are eligible for foregivable loans, up to 2.5 times the monthly payroll of the business. However, Independent contractors, sole-proprietors and those self-employed are also eligible, because the loan is allowed to be used for other expenses relative to operating the business, according to sources that I have read.
Nowhere did I read where it specifically included or excluded telesales agents.

Your first paragraph is talking about something totally different and doesn't even require an application.

PPP and EIDL are for business owners and require an application.

 

[titeye]

Your first paragraph is talking about something totally different and doesn't even require an application.

PPP and EILDL are for business owners and require an application.

Okay, thanks!

 

[theinsuranceman]

Your first paragraph is talking about something totally different and doesn't even require an application.

PPP and EIDL are for business owners and require an application.

That's right.

 

[theinsuranceman]

My understanding is that both single individuals and those with families could apply. If your AGI for 2019 was $75k or less, you would be eligible for $1,200. Married couples are eligible for $2,400, plus an additional $500 for every child under 17. These are not considered loans and is separate and distinct from small businesses.
Businesses with fewer than 500 employees are eligible for foregivable loans, up to 2.5 times the monthly payroll of the business. However, Independent contractors, sole-proprietors and those self-employed are also eligible, because the loan is allowed to be used for other expenses relative to operating the business, according to sources that I have read.
Nowhere did I read where it specifically included or excluded telesales agents.

Newby is just teasing.

 

[DonP]

The maximum an individual agent with no employees can get is a $1000 loan. The forgiviable about for agents with employees is salary ,rent and some utilities i believe .

 

[titeye]

Did anyone hear that it is a loan against your income tax refund, or is that just a rumor?

 

[DayTimer]

Did anyone hear that it is a loan against your income tax refund, or is that just a rumor?

I heard the same thing - you can bet that any penny they give to individuals and families will be clawed back one way or the other. Corporations get grants and loan forgiveness and permanent tax cuts. We get ...

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[titeye]

View attachment 6186​

[/QUOTE]
ahahahahah.........

 

[Tahoe Ray]

Just make sure you don't get a refund...

 

[HoosierLife]

The maximum an individual agent with no employees can get is a $1000 loan. The forgiviable about for agents with employees is salary ,rent and some utilities i believe .

Yeah it was $10,000 until they saw how many apps came in... Not even worth it for just a grand almost...