Disaster Relief Loans For Integrators Examined

By: Donald Maye, Published on Mar 23, 2020

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

IPVM Image

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

*********** *** ***** ********** *** ***********. ***, the ** ********** ** offering******** ****** ******** *****(****).

IPVM Image

** ********** ****, ********* contacting *** ***** ******** Administration ** ****** ********** how *** ******* ***** and *** ********** **** this **** **** ***********.

[***************]

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 *****:

IPVM Image

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

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

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

IPVM Image

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

Unprecedented *****

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

********

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

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

IPVM Image

*******, **** *** ****** 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 (19)

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 06:13am

** *** * ******* 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

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Most Recent Industry Reports

Athena CEO Criticizes 'Deplorable' 'Nitpicking', IPVM Refutes on Mar 27, 2020
Athena Security's CEO Lisa Falzone has strongly objected to IPVM's reporting on Athena, calling it 'deplorable' and repeatedly criticizing IPVM's...
Hikvision Admits Sanctions Harming Its Financial Performance on Mar 27, 2020
While Hikvision initially downplayed being sanctioned for human rights abuses, the company is now admitting a significant impact in a new PRC...
New Axis M30 Cameras Tested on Mar 26, 2020
Axis has released a new generation of, for them, relatively low cost M30 series cameras, claiming to deliver "sharp video quality even in poor...
Coronavirus Shuts Down ADT Door Knockers on Mar 26, 2020
Coronavirus has another victim - this time, alarm giant ADT has stopped all door to door sales. Door knockers are a critical but controversial...
Access Control Course Spring 2020 - Save $50 Last Day on Mar 26, 2020
Register Now - Spring 2020 Access Control Course. Today, March 26th is the last day to save $50. IPVM offers the most comprehensive access...
Convergint Coronavirus Cuts on Mar 25, 2020
One of the world's largest security integrators, Convergint, has made a major move to handle the impact of coronavirus, with cuts across the...
VSaaS 101 on Mar 25, 2020
Video Surveillance as a Service (VSaaS) is the common industry term for cloud video. But what does it mean? How does it all work? Inside this...
TVT / InVid Facial Recognition Tested on Mar 25, 2020
Facial recognition is frequently sold for thousands of dollars per channel but some China manufacturers are offering full facial recognition...
IPVM Launches On-Demand Courses on Mar 24, 2020
For nearly a decade, IPVM has been a leader in online live courses. Now, we have added on-demand versions for all courses. The same course...