FREE LEAD MONEY

[Northeast Agent]

Whoops!

Dumb*ss (me) called the SBA and was told I got both a $1,000 loan and the $1,000 advance. I guess I was confused by an email I received a couple of days after applying.

I can pay the $1,000 back on their website portal, or keep it, which I may do as the terms look favorable:

PAYMENT · Installment payments, including principal and interest, of $5.00 Monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note.

INTEREST · Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance.

 

[STIBROKER]

 

[Northeast Agent]

I got the same notice, but for a smaller amount. I changed it to $1,000 only and here I am.

 

[Agentguy5]

I had a deposit in my account this morning.. Just filed it yesterday morning. Still have not had any communication from them. My wife has a small business so I filed for her. Thanks, Doug.

Awesome, you are welcome!

 

[Agentguy5]

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The interest rate is wayyyyy too high! When your bank re-releases the Loan application, apply there.

Our bank gave me 20k for 1% interest during round 1. My "big boy" CPA says not to pay it back as we're getting it forgiven. lol

I love the fact that my CPA is recognized throughout the nation to the "Elite". He's saved me thousands over the past 20 years and I've never been audited.

Makes me SMH when agents and business owners tell me they use a guy they know because he's a licensed CPA.

 

[rousemark]

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How did you get to the page your status?

 

[STIBROKER]

How did you get to the page your status?

had to create a account....they sent me a link after approval on the first round...

 

[rousemark]

had to create a account....they sent me a link after approval on the first round...

OK.. I have an account but have heard nothing from them other than the $1000 deposit.

 

[thomasm]

For those who took the loan: The lead vendors are going to be sliding in our DM's now! They smell NEW MONEY!

 

[billyb]

The interest rate is wayyyyy too high! When your bank re-releases the Loan application, apply there.

Our bank gave me 20k for 1% interest during round 1. My "big boy" CPA says not to pay it back as we're getting it forgiven. lol

I love the fact that my CPA is recognized throughout the nation to the "Elite". He's saved me thousands over the past 20 years and I've never been audited.

Makes me SMH when agents and business owners tell me they use a guy they know because he's a licensed CPA.

You must be talking about a PPL. Only $1000 of the EIDL is forgiven and the interest rate is 3.75% for 30 years.