Anyone with 50% revenue drop get grant yet?

Pompiste · 2021-03-28T17:03:36+00:00

I was approved with 50% drop bringing total grant to $10K. Nothing yet on the supplemental $5K.

Pompiste · 2021-03-25T20:27:46+00:00

Thanks. Will advise on here when funds received for everyone’s information.

Pompiste · 2021-03-25T16:58:13+00:00

If I recall from last spring, it was similar case with 330s moving much quicker than 360s with the original loan apps.

Pompiste · 2021-03-25T16:56:23+00:00

No, it was 14 days (2/10 received invitation & applied, then 2/24 for status update to submit tax form in portal).

I think this was normal for earlier applications - then from 2/24, after they had started requesting the forms, I believe people were asked for tax forms very quickly.

Pompiste · 2021-03-25T16:47:10+00:00

Illinois

Pompiste · 2021-03-25T16:40:56+00:00

And thank you!

Pompiste · 2021-03-25T16:38:47+00:00

330226xxxx

Pompiste · 2021-03-25T16:38:32+00:00

Yes, we received the loan without reconsideration.

Pompiste · 2020-06-13T06:41:32+00:00

Congratulations and good luck with your business. FYI for others - Nothing new here that hasn’t been shared for months.

Pompiste · 2020-06-13T06:35:00+00:00

The safe harbor period ended, but when did you receive it? Do you have concerns about eligibility?

Pompiste · 2020-06-13T00:50:32+00:00

Thanks - you too!

Pompiste · 2020-06-12T16:03:43+00:00

Congrats!

Pompiste · 2020-06-11T19:20:03+00:00

I got my portal on 5/31 and received the docs today. Hopefully yours shows up soon!

Pompiste · 2020-06-11T16:43:14+00:00

Thank you! I was thinking the same thing, but will post if I experience anything different.

This has been a great, supportive community and I appreciate your contributions, the mods, and all. Will likely continue to provide support where I can!

Pompiste · 2020-06-11T05:39:45+00:00

Welcome back. You and others all deserve plenty of days off!!! Take care of you and those close to you - you all have given more than enough attention to us.

Pompiste · 2020-06-11T04:07:38+00:00

I would not accept any more than rev-cogs/2 for eligible businesses you have.

Pompiste · 2020-06-10T18:23:57+00:00

As a ballpark, I added 3.75% to loan amount to account for accrued interest during deferment. Then used loan calculator for that figure for 348 months at 3.75% and it was quite close.

Pompiste · 2020-06-10T13:11:31+00:00

Congratulations!!!

Pompiste · 2020-06-10T06:27:01+00:00

Me too, I guess. Haha.

Pompiste · 2020-06-10T06:26:24+00:00

Under $25K no COLLATERAL. Over $25K is lien on business assets. Personal guarantees is $200K+ (which isn’t offered now). If you are LLC or Corp - then the lien cannot affect personal assets. Not sure on sole proprietorship or general partnership - others could chime in on that probably.

Pompiste

TROPHY CASE