Aug. 4, 2021
EIDL . . .GONE! PPP1. . .GONE! PPP2 . . .GONE! Enter . . . ERTC

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Capital is the lifeblood of any business large or small. The old saying Cash, Is King still rings true today and in the present days and times it is of paramount importance. Small Businesses for the most part of have been Burning Cash since March of 2020 due to a myriad of business interruptions, the largest being the complete Shut Down of their businesses for several months at the outset of the COVID19 pandemic and the results were devastating because at the same time a major occurrence ensued known as Customer Shut Out. What were the solutions during this debacle? Enter the SBA with the EIDL Loans at a very attractive pricing, interest rates of 3.75 percent with a mortgage oriented payback of 30 years. A $50,000 EIDL Loan with a year moratorium on NO Payments for the first year, rolls out in the second year at $229.00 per month for now 30 years or the business sells or fails which ever comes first. EIDL is unsecured and then came along PPP1 and PPP2, which was largely based upon employee payroll and sales statistics to secure these large fundings. Now they are both GONE . . . Long Gone and the Pandemic is NOT OVER! Enter, ERTC Now you as an employer with employee's can apply for funds and receive up to $7000 per employee and this pay out will be distributed over 4 entire quarters of 2021, with a termination date of 12/31/2021 when the program ends. Today, I will be interviewing two financial professionals that will inform you of all the parameters of this new funding from Uncle Sam and more importantly HOW you can get at it in the most expedient manner. Did I mention that even if you had previous fundings from PPP's that you are still eligible and the BEST part is . . . there is NO pay back required. Tune in as we look into this new abbreviation from Washington, DC known as the ERTC.