This video walks you step-by-step through the right way to qualify for the (as much as) 10,000 SBA Grant, which is out there for companies economically harm by coronavirus.
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SBA Disaster Loan & Advance (used to get the 10k grant)
–Self-employed with out staff qualify (it’s said on first “page” of the software)
–Apply for sba mortgage and verify the field for 10,000 “loan advance”
–Advance is was a grant to get cash to folks quick (you wouldn’t have to take out a mortgage)
Loan Rates:
–3.75% for Small Businesses
–2.75% for Non income
Costs to switch:
— Payroll (self-employed/1099 proprietor pay is web income- see “7 ways” video beneath)
— Fixed operational prices akin to hire or mortgages
— Ongoing bills that you just proceed incurring, like utilities (not taxes)
Application:
Need assist organizing your accounting to know the way a lot cash you might have LOST due to coronavirus? Get the free Business Spreadsheet Template and coaching to get accounting caught up proper now!
Other Videos You May Like:
Coronavirus Money Video Series
– Taxes prolonged & not due April fifteenth :
– 7 Ways the Self-employed Can Get Covid19 Stimulus Money:
– How to calculate your Average Monthly Wages for PPP mortgage:
– Step-by-step How to fill out PPP mortgage software:
DIY Tax Video Series – File Taxes Online For Free
– Choosing free approach to file for federal and state:
– STEP-BY-STEP TUTORIAL: Filing your taxes for free in any scenario
– STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE
– STEP-BY-STEP TUTORIAL: Home Office Tax Write-off – Worksheet for monitoring
Other fashionable movies you could like:
– The Balance Sheet Explained:
– What is a Holding Company?
– Does the LLC save taxes?
– Sole Proprietor vs. LLC vs. S-corp:
– How Businesses are Taxed:
– 9 Short Steps to Create Your LLC:
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