Disaster Relief Loans For Integrators Examined

By Donald Maye, Published Mar 23, 2020, 03:23pm EDT

Integrators are being impacted by the coronavirus. Now, the US government is offering Economic Injury Disaster Loans (EIDL).

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We researched this, including contacting the Small Business Administration to better understand how the process works and the likelihood that this will help integrators.

Executive *******

** ********* ** *********** who ***** **** * liquidity ****** ** ***** immediately ******* ** ***** massive ****** ** **********. However, ** *** **** up ** * ***** for * **** ** be *********, **** ** it ** **** ********. As ****, *** ********* ******** **** *** ** is ***** ******** ****** *********** ** ****** ******* to **** ** * month.

** *** **** ****, if *** ** ****** such * ********* ******, we ******** ********* *** to **** *********** ***** so **** *** ** not **** ** **** on **** **** ****** through.

500 ********* ***

*** *** ******* **** is *** ********** **** up ** *** *********, which ******** **% ** security ***********.

EIDL ********

*** ***** ******** ************** (SBA)********:

** *** **** ******** substantial ******** ****** *** are *** ** *** following ***** ** ********** located ** ********* ******** ****, *** *** ** eligible *** ** *** Economic ****** ******** **** (EIDL).

********** ** *** ** States *** *********** *** eligible ** ***** *** an **** - ** to $* ******* ***** a ******** ***** ** emergency *** **** ********.

** *** *** ******, loans *** ** **** to ***** ********* *** business ******* (**. *******, bills, ****). ***** ***** are ** ** **-**** fixed *** ** *.**% for ***** **********.

***** ****** ************ ******* credit *******, ******* ** repay *** **********, ** shown *****:

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*******, *** **** **** of ********** **** *** cause * **** ** be ********, *******, ** the ******** *** ********** (like * *****) **** must **** ** *********.

Overloaded *** ******** ********

*** **** ********* ******* with **** ******* ** simply ******* *********** ** contacting ***** ******. *** example, *** ******* *** been **** *** **** of *****, ** ***** below:

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**** **** ****** *** SBA (*-***-***-****) ** ****** more *********** *** **** report- ** **** ****** 551 ** *** *****.

Unprecedented *****

**** ** * ***** for **** ******** ******* and ********** *********. **************, the *** ** *** currently ******** ** ****** a **** ****** ** a ****** ****.

********

** **** **** ** create ** ******* *** begin ** *********** ** verify *************, ***** *** simple *** ***************.

*** *** ********** *****-**** ***************** ****** ******:

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*******, **** *** ****** to ****** ** *** process **** ** ******** to *********** ** ****** of ************.

Should *** *****?

******* * ******* ***** in ****** ***** *** be ***** - ** can ******* *******, *** cuts, ** ****** ******* slashing. ********** ***** *** should ** ** *** table - ********* **** from *** ******* **********. As ** *****, *** must ****** ** * federal **** ** ***** for *** *** **** business.

**** ****, ** **** business *** ****** ********* challenges ******* ** *****-** impacts, ******** ******** *********** for **********. ***** *** unprecedented ****** ** **** event, ** ********* ***** the ******** *** ************. The ******* ****** ******* is ****** ** *-* weeks. *******, **** ** not * ******* *****.

*****, **** **** ** have ***** ******* ** you ****** * ********* crunch.

Vote / ****

Share *********** ** ********

** *** **** ********** with *** *** ** an **** - **'* like ** **** **.

Comments (20)

Avatar

Sean Nelson

Nelly's Security
03/23/20 08:04pm

***** ***** **** **** are ******** *** ****. I **** **** **** could **** **** ** at * **** ***** interest ****, **** * really.

* ********** ***** **** should ** ******** **** to ********* ** ********** that *** ******** ** be **** ****.

John Honovich

IPVM | In reply to Sean Nelson | 03/23/20 08:11pm

* **** **** **** could **** **** ** at * **** ***** interest ****, **** * really.

* ***** ******, **** at *.**%, **** *** going ** **** ***** (i.e., ********* ****) ******* a ***-******* ****** ** borrowers **** ********** *******. But **** ** *.**%, the ******** ** *** a ***, *.*., $***,*** loan, **** * ****** over $*** ** ******** per *****.

*** ****** ******** ** what **** **** ******** approve *** **** ***.

Undisclosed #1

In reply to John Honovich | 03/23/20 08:42pm

***** **** ****** ***** to ****** ***** *** members?

** ****** ** * months *** *******

John Honovich

IPVM | In reply to Undisclosed #1 | 03/23/20 08:45pm

****, ****, ** ***** be ** ********* ***** and **** ** ****** employees. ** **** **** you ****?

** *** **** ****, for *********** *** *** laid *** ** **** their ****, ** **** work ** **** **** have **** ******.

Undisclosed Manufacturer #2

In reply to Undisclosed #1 | 03/25/20 04:32pm

***** *** ****** **** and ************** ******* ** more ******** ** *** credits ****.

Jay Hobdy

IPVMU Certified | 03/24/20 11:31am

*** ******* *** ** payroll. * ******* ***** are **** ***** ** the ***** **** **** help ********* **** *** laid ***.

** *** ***** ** wrap ** * ***, and ******** * ** not **** ******* ****. This *** **** *******, and ** * ** not **** ** ***** about ****** ********* ***** at ****, * ***** we **** ** ****.

**** ** * *** a ****, * *** not *** ********* *** 3 ** * ***** while ** ****, **** have ** *** **** loan ****.

Undisclosed Integrator #3

In reply to Jay Hobdy | 03/28/20 02:22am

*** *** ****** **** into *** ******** ********** program. ** ** ****** to ***** *** *** will, ***********, **** **** grant ***** ** ******** within * ***** ** issuance *** ******** **** as *******, ******* *****, workers ************ ********, ******** employees, ******* ********, *********, and ******** ********.

** ** * *** of ********* *** ******** two **** ****** ** funding *** *** ***** and **** *** **** to ** **** **** if ******** ******** (***********, free *****). ***** ** that *** ******* ****** lay-off ** ******** *********.

** *** ***** ** not **** *** *** above ** ****** ******* to * *** ******** loan.

Jay Hobdy

IPVMU Certified | In reply to Undisclosed Integrator #3 | 03/28/20 01:16pm

* *** ****

* ** *** **** we **** ******* ** we ***** *** **** taxes *** *** ** a ******* ****.

** **** *** ***** to ***** ** * LOC **** ****, *** that *** **** ** out ** *** "***'* get * **** *********". Not **** ** **** pertains ** *** ******** loan ******.

** ** ***'* ** that, * ******* ***** is **** **** ************ programs ** *** ***.

Avatar

Sean Nelson

Nelly's Security
In reply to Jay Hobdy | 03/28/20 02:06pm

* ***** *** ******** where ****** ****** ** other ***** ** ***** taxes ************ ***. *** you **** * ****

Jay Hobdy

IPVMU Certified | In reply to Sean Nelson | 03/28/20 02:13pm

* **** ******* **** webinars *** *** **** I ****** ** **** some ** ****.


**** ** * ********** from *** *******. ** does *** ** *** loan ** ******* **** 350K **.....

****, **** & ********** SBA ********* – ***.****

**** ** ******** ******* For ** *** ****?

*** **** ************* ** pretty ******. ***** *** a *** ************ **** you **** ****, **** as ********* **** ******** within *** ****** ****** and *** ****** *********** **** *********** ** the **********. ************, **'* *** nearly ** ****** ** qualify *** *** ***** as *** ***** *****.

Avatar

Sean Nelson

Nelly's Security
In reply to Jay Hobdy | 03/28/20 02:23pm

* ******* ***** * different **** ******* **** what * *** ********* to ****. *** *** i *** ********* ** is *** ***** ******** act ***** **** **** you * **** ***** off ** *.* ****** of ******* *** ** long ** *** *** those ***** *** ******* and *** *** ***** that *** *** ***** funds *** *******, *** government **** ******* * weeks ** *** ******* costs. ******* **** **** you **** ***** ** make * ***** ** payroll. ** *** * havent **** *** *************. You *** **** *** some ** ** *** rent ******* *** ********* which *** **** **** forgives.

Jay Hobdy

IPVMU Certified | In reply to Sean Nelson | 03/28/20 02:45pm

****, *** **** * busy **** ** ******** webinars ***. *** **** of ****. *** ***** be *****.

********** ** ******** ******* school ** *********, *** finished ** **********. *** has * ******* *** dealing **** *******, *** the ***. ** *** is *** ****** * am ********* **** **. :)

Jason Crist

03/24/20 12:13pm

** *** * ******* yesterday ** *** ******** SBA ***********. *** ******** they ******'* ****** *** - ** *** ******** grant/forgiveness **** ******** ** working **, *** ****** employees ** **** ** the ******* ******* ** laying **** ***, *** be ******* ** *** of ***** *** *****.

**** **** **** *** don't **** ** **** the ***** **** ******** which ****** *** ** apply *** *** ** things *** ****** ** the **** ** ******** you *** **** *** take **

Avatar

Michael Votaw

03/24/20 12:41pm

** *****, ********** *** small ******** ** **** you **** ** ***** the ****. ***** ********** that *** **** ** the **** *** *** least ******* ** ******** it. *** ******** ****** of **** **** **** far ******** *** ****** aspect.

Jason Crist

In reply to Michael Votaw | 03/24/20 01:12pm

**** ****** ***** ** read *****... *** ***** are **** ********* *** the ******* ** *** the ***** ** ** available. ****** ************ *** very ***. *** **** how *** *** ******* the ******** ****** *** every ********** ** **** in ********.

Avatar

Rueben Orr

In reply to Jason Crist | 03/25/20 03:49pm

** ****** **** **** millions **** ** ******* a "****" *** *** new ******** *******. ****'* another ****** ******** ***** if ** ***'* **** have ** *** ** back?

Avatar

Michael Votaw

In reply to Jason Crist | 03/25/20 08:13pm

* ****'* *** * think *** ******** ****** pay ** **** ****** in ********. *'* *** for ******* *** ****, air ** ****** ****. My ***** ** **** if **** **** ** pay ** ****, ** may ***** *** **** some ********** **** *** tight ** *** **** run, **** ***** ***** demise. ***, *** ******** (all ** ** ******* 50+ ***** * **** trying ** *** *****) will *** ***** ******* the ********* *** ** usual. **** ***'* ** good.

Undisclosed Integrator #3

In reply to Michael Votaw | 03/28/20 02:24am

******* ****** **** **** the ******* ********** ****. As ********** *****, **** loan **** *** **** to ** ****** ** utilized ********* ** *** terms ** *** ****.

** ** * **** changer *** **.

Scott Brothers

03/25/20 11:55am

*** ** *********** **** is * **** ** a ******* ******** ** Deloitte ** ******** ** the ****** ******* ******* being ******** ** *** UK **********: -

*****-** ********** ******** - 24/03/2020

Erik Trembulak

04/01/20 01:13pm

********** *** ***** ********** | *.*. ********** ** the ********

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