Kip Herriage [twatter];
Wall st buried the little guy in 2008 financial crisis. Caused it, profited from it, got bailed out for it.
The little guy takes it. No bailouts. Forced to start over.
Now, wall st gets crushed by the little guy.
Wall Street whines like a little bitch.
Time for a reckoning.
@KHerriage
Alert: If you own a small business of ANY kind; self employed, ind contractor, etc., you have 10 days left to submit your preferred app for more than $300 billion Paycheck Protection Program
The program has been modified so most anyone qualifies & w loan forgiveness.
Get yours!
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
more about it here: https://www.wpxi.com/news/top-stories/more-than-300-billion-paycheck-protection-program-funds-available-small-business-owners/ZHWROB27JFFPFMOS7LYJUFO6HU/
I have a small face painting & balloon art business. How much do people normally borrow?
Go check it out. I had a grocery store in a midcentral town for a while. It was always a struggle to survive.
It's based on your 2019 Schedule C. Take the total ÷ by 12 and x 2.5.
So it's a loan for 2.5 months income?
Yes...and they're claiming it will be forgiven... So really a grant instead of a loan. Even if not, the interest rate is crazy low, 1% I think?
O.k. Thanks.