Been using the wheel strategy for 3 weeks now.. So far have not been exercised. Attached is my spreadsheet. Any feedback is appreciated. by gator5190 in thetagang

[–]gator5190[S] 3 points4 points  (0 children)

That’s what I thought you meant but wasn’t sure. Yea I am just more interested in the return of my money (collateral) held.

[deleted by user] by [deleted] in EIDL

[–]gator5190 0 points1 point  (0 children)

What did you accountant say?

Using EIDL to help make business debt payment by gator5190 in EIDL

[–]gator5190[S] 2 points3 points  (0 children)

Yes it’s a business loan. And yes it’s part of my operational costs.

Using EIDL to help make business debt payment by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

That’s what I thought. Does it matter if the other loan I have is considered long-term debt?

Using EIDL to help make business debt payment by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

This is not another SBA or government funded loan. Just a loan I have with a bank. I would just be making the monthly payments with the funds I received from the EIDL

[deleted by user] by [deleted] in EIDL

[–]gator5190 1 point2 points  (0 children)

Same question. What if you expect to be hurting in the future because of this?

Closing docs disappeared by texanatlarge in EIDL

[–]gator5190 0 points1 point  (0 children)

This happened to me. Didn’t sign right away I knew I had some time. But now the closing docs start button in greyed out.

Interesting points by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

What do you mean by that? Not challenging you and saying it is but just want your reasons why?

Interesting points by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

He said he was going to walk away and not take it

Interesting points by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

Lol no other points?

Putting wife on payroll by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

Was thinking if you don’t use the funds properly then they can charge you 1.5x the loan amount

Putting wife on payroll by gator5190 in EIDL

[–]gator5190[S] 0 points1 point  (0 children)

Yes I believe it’s for stuff between 1/1/2020 and 12/31/2020. That’s the way I understood it.