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LVGEA presents SBA Programs + Q&A - Shared screen with speaker view
Alaina Cowley
08:12
Hi all, please place questions in the Q&A section. Located at the bottom of your screen. We will do our best to answer as many as possible. To do this, please upvote other questions instead of repeating the question.
Alaina Cowley
13:30
Email Corey at corey.williams@sba.gov
Alaina Cowley
13:43
Please reference two things:
Alaina Cowley
13:54
1. Your application number that should begin with 3
Alaina Cowley
14:03
2. LVGEA, so he knows it came from today
Alaina Cowley
23:16
Email Corey at corey.williams@sba.gov for your application status. Please reference your application number that should begin with a 3 and LVGEA, so he will expedite your answer today.
Alaina Cowley
24:24
Email Joseph.Amato@sba.gov
Alaina Cowley
33:43
PPP funds are for the 8 subsequent weeks (from the date you receive money) of payroll and eligible expenses. Not backpay. Not bonuses.
Alaina Cowley
37:36
To check your EIDL application status, please email Corey at corey.williams@sba.gov with your application number which should begin with 3 and LVGEA, so he knows this is from today and expedites your response.
Alaina Cowley
39:11
We hope that applications can open by Thursday for EIDL and PPP.
Alaina Cowley
42:19
Employee calculation is the number you need to meet. They don't need to be the same people for the 8 weeks post funding.
Alaina Cowley
44:21
$10K is advance on EIDL loan. Only forgiven if application is denied. You don't have to pay back the $10K if you are denied. It then becomes a grant. If you are approved, it is not certain that it will be forgiven.
Alaina Cowley
44:51
If the owner of a business doesn't receive w-2, they are not considered in payroll calculation.
Alaina Cowley
45:28
Questions are being considered from the Q&A section only. Please place questions there.
Alaina Cowley
46:36
kabbage
Alaina Cowley
46:39
On deck
Alaina Cowley
46:41
Lendio
Alaina Cowley
46:52
3 alternative lenders
Alaina Cowley
47:44
https://www.sba.gov/paycheckprotection/find
Alaina Cowley
48:50
1) Lendio - https://www.lendio.com/covid-relief/sba-paycheck-protection-program-loans/2) Kabbage - https://www.kabbage.com/paycheck-protection-program-loans/3) Fundera - https://www.fundera.com/business-loans/guides/paycheck-protection-program-loan
Danielle Smith
49:58
Corey can be reached at corey.williams@sba.gov
Alaina Cowley
55:06
PPP needs same headcount, not same people
Alaina Cowley
57:29
A recording of this webinar will be emailed to all registered attendees.
Alaina Cowley
59:07
covid19relief.sba.gov
Alaina Cowley
59:23
The program is paused, but this is the site for when it re-opens
Alaina Cowley
59:34
covid19relief.sba.gov