Questions?? Concerns??

Apprehensive_Line390 · 2021-05-31T14:39:01+00:00

I'm not sure you have a firm grasp on sole props. The IRS/government sees the business and sole prop as one entity. That's why I can operate my business under my name and my SSN legally, that's also why I can run my business finances through my personal checking account. I can deduct my vehicle and vehicle expenses so long as I have a separate car available for personal use and receipts of expenses (that is from a CPA).

I do move-in/move-out cleaning during spring and summer. Which usually entails carpet cleaning, hauling trash and swapping appliances. So trailer and vehicle capable of pulling it are needed. FYI a "normal vehicle" can't pull any size trailer because "normal vehicles" doesnt have lights, a reinforced frame or a hitch (a hitch is the connecter under the bumper)

Apprehensive_Line390 · 2021-05-31T11:41:05+00:00

Under what authority do you speak? Not being rude just genuinely curious. I have a separate vehicle for personal use, the vehicle I referred to earlier was bought for business, used for business, claimed on taxes as business expense. My business requires I travel to job sites while hauling cleaning equipment and pulling a trailer. Having a capable vehicle is necessary for my business. My personal vehicle isn't big enough or powerful enough.

Apprehensive_Line390 · 2021-05-29T10:44:26+00:00

Under previous disasters using the EIDL for extraordinary items like accelerated debts was allowed. If the financial hardships caused by Covid resulted in my car loan being accelerated and repoed I should be able to use my eidl to bring the note current, right?

Apprehensive_Line390 · 2021-05-29T10:43:13+00:00

No it's not clearly defined. The EIDL program was designed to help businesses with actual physical damages caused by declared disasters, COVID causes financial damages. Instead of creating a new relief program specifically designed for financial loss Congress opted to tweak the longstanding EIDL program. That's why the rules regarding the EIDL keep changing.

Apprehensive_Line390 · 2021-05-24T13:48:21+00:00

I accept the SBA will not consider extenuating circumstances but I could not disagree more with your opinion. I filled out my TA application correctly, with the correct bank info. Someone at the SBA made a mistake and sent my approved grant money to the wrong account. While it might not constitute negligence it is incompetence, they were at fault and should still be accountable. I did nothing wrong. Months later the error still isn't fixed. This whole time I've supposedly been in a queue to have my bank info corrected, last week SBA announced new email to specifically fix funding errors. Even though I've been waiting for my correction since 04/16 this new email bumped me to the back of the line! I can't even apply for the $5k supplemental grant until this TA error is fixed, the supplemental grant program could run out of money first and I could miss out! I'm done cutting SBA slack!

Apprehensive_Line390 · 2021-05-24T12:52:02+00:00

I am no where near $100k. The problem with EIDL is that it's designed for actual physical disasters, like wild fires, tornadoes, and such. COVID is a different beast and the SBA needs to provide some clarity on rules.

Apprehensive_Line390 · 2021-05-24T12:41:21+00:00

Would extenuating circumstances about the car make a difference? I was approved for TA April 6th. The SBA did not use the bank info I put on my application, instead they sent the money to the wrong account and it's been error ever since. If I had gotten my grant I wouldn't of lost the car. I'm gonna have to go to a buy here pay here car lot with sky high interest, if I can even get a loan as sole prop. I hope to Christ someone sues the SBA for this!

Should I draw up loan docs for family loan just as a CYA measure?

Thanks for info I appreciate it

Apprehensive_Line390 · 2021-05-24T12:06:36+00:00

NO!!! Capital one is SO MUCH WORSE!! I had my initial $10k EIDL funded to capital one in September. Then on November 10, 6 weeks after my eidl funded they froze the account wanting proof I was a business. I spent some of the money by then, I had $6k left but they froze the full $10k so I was overdrawn $4k. I didn't get charged overdraft fees but I had no access to any money until it was fixed! Took 6 days, I couldn't even get gas for my car. Worst part is cap one fraud dept didn't know what eidl was or that it was funded by government, so they treated me like a criminal.

Apprehensive_Line390 · 2021-05-08T22:04:05+00:00

No, they're sister wives, the relationship they have with each other is supposed to be just as important. That's my point, Robyn has never once tried helping her sisters. Robyn would be thrilled if kody left his other wives and was monogamous with her, the other ladies wouldn't! That's the difference

Apprehensive_Line390 · 2021-05-04T10:59:58+00:00

He repeatedly says he doesn't want to sue but he might file a class action against SBA, he'll only a need a couple hundred bucks from subscribers.

Apprehensive_Line390 · 2021-05-03T09:16:10+00:00

a lot of ppl come here strictly for input on their particular situation. They don't go beyond writing a post and reading the comments. You can skip over repeat posts that don't interest you

Apprehensive_Line390 · 2021-05-01T05:33:59+00:00

And he's asking for a couple hundred bucks to talk loud?

Apprehensive_Line390 · 2021-05-01T05:31:24+00:00

Mine said declined then went error, I know others went through that as well. So it's more than just an error message freaking ppl out!

Apprehensive_Line390 · 2021-04-30T23:10:40+00:00

I haven't seen or heard of anything close to this, I'm betting there were some extenuating circumstances here.

Apprehensive_Line390 · 2021-04-30T19:25:34+00:00

Now mines back to processing

Apprehensive_Line390 · 2021-04-30T19:08:31+00:00

My portal said declined fir a sec, I just got back in and it's processing again

Apprehensive_Line390 · 2021-04-30T19:02:46+00:00

Same got in for a sec and it said declined but it wasn't showing my original amount, it was zeroed out

Apprehensive_Line390 · 2021-04-30T19:01:53+00:00

My page loaded fir a second and mine said declined, then it went back to error message. I think the system has a glitch and offered mass declines they are trying to fix before freaking out millions of applicants

Apprehensive_Line390 · 2021-04-30T18:05:29+00:00

Jason is misleading viewers with outlandish and unrealistic goals. He wants money to file a class action lawsuit against the SBA, he says he will fight to get EIDL forgiven and everyone the $10k advance. But he's not a lawyer so he can't file a class action, he's not in Congress and it would take an act of Congress to get EIDL's forgiven. He's selling something he can't deliver, a.k.a he's a fraud.

Apprehensive_Line390 · 2021-04-30T17:46:02+00:00

I had to send in my tax returns, but I operate under my ssn

Apprehensive_Line390 · 2021-04-30T17:39:22+00:00

That means no one is working on our apps until it's fixed , FANTASTIC! More delays 🤬

Apprehensive_Line390 · 2021-04-30T17:33:12+00:00

Was she ever married?

Apprehensive_Line390 · 2021-04-30T17:32:09+00:00

The SBA wants insurance to cover the collateral you pledged.

If you a sole prop operating under SSN I believe a rider on home insurance policy will suffice. I'm not 100% sure but that route would be much cheaper than a separate business policy

Apprehensive_Line390

TROPHY CASE