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New PPP Loan Opportunity for Schedule C Filers - Shared screen with speaker view
Lauren Ruggiero
21:59
Hi There! We're still not seeing the slideshow.
Sumeit Aggarwal
23:02
Same here. The screen share is blank.
Lauren Ruggiero
23:09
It's still just black
Susan Browne
24:51
see the slide now
Lauren Ruggiero
25:00
Thank you!
James Mutschler
33:10
We will spend much of our time answering your questions. Please enter those in the Chat screens throughout the session.
Doris Vallee
34:20
is there any loan you can get if you do not file a schedule c, no employees and are a llc?
Leonard Hardy
34:45
what is the average turn around time after submitting application to SBA
Lauren Ruggiero
35:55
If you have not yet filed your personal returns for 2020, can you file using 2019 returns?
Rob
35:56
So if you are a sole proprietor with a AGI loss on schedule C, you are Not able to apply for a PPP loan.
Randi Seiff
37:35
Will you be going over the EIDL loan eligibility?
Tissa Hami
40:01
I believe I read that the deadline for this is tomorrow. Is that correct?
Joe Attia
40:21
can i submit a new application or modify a previous application if I submitted for a second draw when the 2nd round was offered?
Melinda Ailes
40:58
Please discuss refinancing the EIDL loan
Susan Browne
41:12
I haven't done my tax return for 2020 yet. which sched c do I use ?
Angela Fockler
41:24
can we get a copy of the slides or zoom call
Lauren Ruggiero
43:35
It looks like the deadline for the 14-day priority window for businesses with fewer than 20 employees began on Feb. 24 and will end on March 9
John Bateman
46:44
I have seasonal employees. The application for PPP in January allowed using 12 weeks of wages divided by 3, then multiplied by 2.5. Is this method still applicable?
Al Cardente
49:41
Does the “Gross” Income apply only to Self-employed or includes partnerships with no employees as well? Or just small / schedule c
Susan Browne
50:12
can a green card holder apply?
Adrian Burke
50:45
What is the span of time for this PPP Loan, is it 3 months?
Ben Andrews
55:53
I have separate schedule C, but all under the same EIN. All of my businesses were stopped cold by the pandemic. I have been living on unemployment since last March. I also received EIDL loan last year. Is the PPP loan something I can qualify for? And, should I apply or is it better to continue with the unemployment?
Adrian Burke
56:29
Are there any options for assistance for start-ups from 2019, with very minimal income due to a focus on start-up
Ben Andrews
56:33
… it would be my first draw, BTW
Jacquelyn Tenaglia
56:53
received funds in December/January**
Susan Browne
01:02:14
is owner replacement compensation forgiveable
Rob
01:04:00
My bank, Citizens Bank declined my application because of line 31 being a negative, Shouldn't,t they know about the line 7 rule? Do I apply at a different Bank?
Teri Terrien
01:11:45
If you haven’t already, you may want to checkout our most recent blog https://ri.score.org/blog/questions-PPP-EIDL-SVOG. It cover some of the things we discussed today.
Elizabete De Lima
01:12:59
apologies for being late: where can we find the recording of this call?
Teri Terrien
01:13:25
You will all be provided with a recording.
Al Cardente
01:16:14
Thank you
Teri Terrien
01:20:07
https://ri.score.org
Elizabete De Lima
01:21:24
That would be very helpful!
Jason Etting
01:22:09
can you pay yourself at a higher rate than your previous monthly average?
Matthew Spoehr
01:22:18
RhodeIsland_DO@sba.gov
Matthew Spoehr
01:22:24
https://www.sba.gov/document/support-how-calculate-first-draw-ppp-loan-amounts
Ben Andrews
01:22:38
Thanks guys, this was a great meeting.
Adrian Burke
01:22:50
Thank you!
Matthew Spoehr
01:23:05
https://www.sba.gov/document/support-second-draw-ppp-loans-how-calculate-revenue-reduction-maximum-loan-amounts-including-what
Jill
01:23:35
Thank you, all!
Teri Terrien
01:24:43
Thank you everyone!
Susan Browne
01:25:19
what are the 3 microlenders the SBA uses in RI
Susan Browne
01:25:38
ty