Page 129 - Fear Unmasked Flipbook
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A P P END IX A
to go ahead and apply. Firstly, the money awarded
through the Paycheck Protection Program is healthy
and interest free for your business if you use the funds
provided towards the paying and retaining of your
employees, and towards expenses (utilities, business
lease payments, etc.) that fall within the guidelines
dictated by the Small Business Administration. I
mean it is 2.5 months of payroll. BOOM. Paid for.
The EID loan has incredibly low interest rates so if
you have some debt you need to pay off, this is an
excellent chance to refinance that loan along with
covering your overhead costs.
So, how do you know which one to apply for?
Well I’ve got good news for you, my friends. You can
apply for both of these programs separately! Though
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you may not be paid out on both of these programs
simultaneously, I definitely recommend applying for
both, immediately.
Now it’s time to play the waiting game. We
have done our part. We have filled out our portion,
applications and supporting documents are submitted,
now we wait to hear back from the government. An
important thing to remember here is that NO ONE
cares about your business, your livelihood, or your
family like you do, or at all for that matter. Banker
Joe is not making much money processing your loan
application, so he is not going to have the same sense
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