Published: 2020-03-29
Status:
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Predictions from this Video
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Prediction
Topic
Status
The SBA Economic Injury Emergency Grant Program is available until December 31, 2020.
"The grants are available up to December 31st 2020"
Pending
The stimulus package allocated $10 billion for the SBA Economic Injury Emergency Grant Program.
"there was ten billion dollars of funding for this in the stimulus package"
Pending
The SBA Economic Injury Emergency Grant Program offers up to $10,000 in forgivable loans (grants).
"this is ten thousand dollars of free money"
Pending
The advance of up to $10,000 from the SBA Economic Injury Emergency Grant Program is non-repayable.
"the advance of up to $10,000 does not need to be repaid under any circumstance"
Pending
The SBA anticipates providing grant money from the Economic Injury Emergency Grant Program within three years of application.
"they're gonna give you the money the grants the advance grant money within three years of application"
Pending
The SBA Economic Injury Emergency Grant Program is applicable across all 50 US states.
"this is applicable to all 50 states"
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Small business owners, sole proprietors, and independent contractors are eligible for the SBA Economic Injury Emergency Grant Program.
"this is applicable to small business owners to Sulphur Praia ters and to independent contractors"
Pending
Applicants for the SBA Economic Injury Emergency Grant Program must include a signed statement requesting the emergency grant in advance.
"make sure you include a signed statement that says please provide me the emergency economic injury grants in advance of the loan being approved"
Pending
Applicants should type 'disaster relief loans' for reference when submitting applications for the SBA Economic Injury Emergency Grant Program.
"make sure you type in disaster relief loans that's for the reference"
Pending
Including an email address in the application for the SBA Economic Injury Emergency Grant Program can expedite contact.
"make sure you put in your email so they have an easier way an expedited way of contacting you"
Pending
For the request for transcript of tax return form (5060), partnerships should input 1065, and S corporations should input 1120S.
"if you are a partnership input one zero six five ten sixty so 1065 a partnership one zero six five if you are an S corporation input 1 1 2 0 s because that's the corporate form you file 11 20s"
Pending
For the request for transcript of tax return form (5060), C corporations should input 1120.
"if your C corporation input 1 1 2 0 that's the corporate tax filing form 1120"
Pending
The 'Additional Filing Requirements' form for the SBA Economic Injury Disaster Loan requires sales data broken down by month for up to three past fiscal years.
"month you're gonna you're gonna write down the line starting from the top all the months January February March April May June July all the way going all the way down for each row fiscal year gold each column represents a year so as far as your filing history up to three past years just input like for me fiscal year I will write 2019 fiscal year 2018 2017"
Pending
The 'Additional Filing Requirements' form for the SBA Economic Injury Disaster Loan requires current year-to-date sales data, which would be for 2020.
"and then the the farthest most column it says the current year-to-date so that's 2020"
Pending
The second page of the 'Additional Filing Requirements' form for the SBA Economic Injury Disaster Loan is not required and can be omitted.
"the second page of this it clearly says this is not required again I recommend these forums but this part I'd say just forget about this now required"
Pending
When applying as a sole proprietor for the SBA Economic Injury Disaster Loan, applicants should mark 'sole proprietor economic injury'.
"you mark off sole proprietor economic injury"
Pending
The SBA Economic Injury Emergency Grants Program will be available until December 31, 2020.
"The grants are available up to December 31st, 2020"
Pending
The advance grant money from the SBA Economic Injury Emergency Grants Program is expected to be disbursed within three years of application.
"they're gonna give you the money the grants the advance grant money within three years of application"
Pending
The disbursement of the advance grant money from the SBA Economic Injury Emergency Grants Program could take as little as three days or up to a week due to potential overload.
"but IV either they're gonna get so overloaded it'll be over three days but you gotta wait three days you're gonna make a week what's the difference"
Pending