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The Online Community ACE program enables you to be recognized by your peers for consistent, high value contributions to the Community.

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  • Fill Out the "Tell us about yourself" Section
  • Share Your "Areas of knowledge"
  • Receive 25 Kudos (excluding Politics, Current Events forum) during rolling six month period
  • Be In Good Standing Without Community Violations For At Least 30 Days

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The time for an EIDL decision is about thirty days. If you have an application number that means your application is in the queue.  You apply for a PPP through a bank or non-bank lender. Most banks do not give business accounts to sole-proprietors an...
DavidH519566 04-23-2020 03:58 PM
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Liksun, You are eligible to apply for both programs, the EIDL and the PPP. For self-employed persons the PPP loan amount is based on the net profit on your schedule C. Thus it might be a small loan amount. The EIDL might be a more useful option for y...
DavidH519566 04-23-2020 03:35 PM
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Patrick, The purpose and intent of the PPP is precisely to keep people on payroll even if they are unable to work because it is unsafe to be open. Otherwise, if you lose employees while you are shut down, then when you re-open you will have to spend ...
DavidH519566 04-23-2020 01:22 PM
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Larry and Patricia,  Partnerships like yours are eligible for the PPP and the EIDL. For the PPP we will use the partnership's net earnings to calculate your compensation and with that your PPP loan amount. That is, you do not apply individually, but ...
DavidH519566 04-23-2020 11:48 AM
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3658
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Ellen, I'm glad to hear you finally have the advance. It's not much but I hope it helps at least a little. We continue to process every application after the advance is sent. As of now a loan decision takes about thirty days. I know this is a long ti...
DavidH519566 04-23-2020 11:33 AM
0
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0
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3436
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The time for an EIDL decision is about thirty days. If you have an application number that means your application is in the queue.  You apply for a PPP through a bank or non-bank lender. Most banks do not give business accounts to sole-proprietors an...
DavidH519566 04-23-2020 03:58 PM
0
Replies
0
Kudos
3583
Views
Liksun, You are eligible to apply for both programs, the EIDL and the PPP. For self-employed persons the PPP loan amount is based on the net profit on your schedule C. Thus it might be a small loan amount. The EIDL might be a more useful option for y...
DavidH519566 04-23-2020 03:35 PM
1
Reply
0
Kudos
3605
Views
Patrick, The purpose and intent of the PPP is precisely to keep people on payroll even if they are unable to work because it is unsafe to be open. Otherwise, if you lose employees while you are shut down, then when you re-open you will have to spend ...
DavidH519566 04-23-2020 01:22 PM
0
Replies
0
Kudos
3394
Views
Larry and Patricia,  Partnerships like yours are eligible for the PPP and the EIDL. For the PPP we will use the partnership's net earnings to calculate your compensation and with that your PPP loan amount. That is, you do not apply individually, but ...
DavidH519566 04-23-2020 11:48 AM
0
Replies
0
Kudos
3658
Views
Ellen, I'm glad to hear you finally have the advance. It's not much but I hope it helps at least a little. We continue to process every application after the advance is sent. As of now a loan decision takes about thirty days. I know this is a long ti...
DavidH519566 04-23-2020 11:33 AM
0
Replies
0
Kudos
3436
Views
The time for an EIDL decision is about thirty days. If you have an application number that means your application is in the queue.  You apply for a PPP through a bank or non-bank lender. Most banks do not give business accounts to sole-proprietors an...
DavidH519566 04-23-2020 03:58 PM
0
Replies
0
Kudos
3583
Views
Liksun, You are eligible to apply for both programs, the EIDL and the PPP. For self-employed persons the PPP loan amount is based on the net profit on your schedule C. Thus it might be a small loan amount. The EIDL might be a more useful option for y...
DavidH519566 04-23-2020 03:35 PM
1
Reply
0
Kudos
3605
Views
Patrick, The purpose and intent of the PPP is precisely to keep people on payroll even if they are unable to work because it is unsafe to be open. Otherwise, if you lose employees while you are shut down, then when you re-open you will have to spend ...
DavidH519566 04-23-2020 01:22 PM
0
Replies
0
Kudos
3394
Views
Larry and Patricia,  Partnerships like yours are eligible for the PPP and the EIDL. For the PPP we will use the partnership's net earnings to calculate your compensation and with that your PPP loan amount. That is, you do not apply individually, but ...
DavidH519566 04-23-2020 11:48 AM
0
Replies
0
Kudos
3658
Views
Ellen, I'm glad to hear you finally have the advance. It's not much but I hope it helps at least a little. We continue to process every application after the advance is sent. As of now a loan decision takes about thirty days. I know this is a long ti...
DavidH519566 04-23-2020 11:33 AM
0
Replies
0
Kudos
3436
Views
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Date Registered ‎04-03-2020 10:02 AM
Last Visited ‎04-23-2020 07:42 PM
Total Messages Posted 10
Total Kudos Received 1
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