Official PPP Loan Forgiveness THREAD

You guys should check with your city chamber of commerce to see if they have any covid grants. I applied for and got $10,000 check yesterday from my city. It's a grant but it's taxable, so I will just keep $3800 aside for the tax.
 
They are doing it again but this time you have to prove a 25% (I think) loss of business. I don't qualify.
25% reduction in any quarter after March 2020. That’s so easy to prove. So it’s not a loss but a relative reduction in revenue.
 
25% reduction in any quarter after March 2020. That’s so easy to prove. So it’s not a loss but a relative reduction in revenue.
Damn some of my peoples won’t qualify cause they actually had a boom in revenue
 
2020 was my best year ever but the first quarter was low enough because I took a long vacation and we shot down for a couple of weeks. We took off from May non stop ....
Lol..so you basically just got a paidddddd vacation on the govt dime



im not mad at you:cheers:
 
Who applied for loan forgiveness? Forgiveness is official open.

Please share your process as well as the results.
 
Damn. Sorry to hear that man. My homegirl was denied too. I think it was because of the area her business was in.
It is located in a wealthy area. Not sure though. She def needed that money.

I did yesterday, 20k got turned down

brotha got 20k
Sister got 8k
My business be around way longer, but that don’t matter with this
 
Damn. Sorry to hear that man. My homegirl was denied too. I think it was because of the area her business was in.
It is located in a wealthy area. Not sure though. She def needed that money.
Sista felt that asking for 20k might’ve been the problem. I got my answer quickly like less than 20mins when everyone else have been waiting 2 days max

I’m have to look at that crap again
 
I applied for Forgiveness and I got this message

"We are currently not accepting forgiveness applications due to changes made by the SBA. The SBA is no longer accepting the legacy 3508S, 3508EZ, and 3508 forms as of March 5th, 2021".

Anyone got any intel on if the new forgiveness process is going to be easier or harder?

Someone I know of said he got his money forgiven but I don't really trust him.
 
Has anyone done a second draw? Regions just opened the application process yesterday, and I keep getting an error message when I try to apply
 
I applied for Forgiveness and I got this message

"We are currently not accepting forgiveness applications due to changes made by the SBA. The SBA is no longer accepting the legacy 3508S, 3508EZ, and 3508 forms as of March 5th, 2021".

Anyone got any intel on if the new forgiveness process is going to be easier or harder?

Someone I know of said he got his money forgiven but I don't really trust him.

It's easier... brah
 
www.blueacorn.co I went through this website. My loan was approved I’m currently waiting on the loan document signing. My homie that put me in got his money last night. Most of the people he put on all have got their money. The website has a total walkthrough for the process plus they walk you through forgiveness in 8 weeks. Let me know if it helps any of the fam.
 
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