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How to spend SBA Disaster Loan?

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EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation of health care benefits, rent, utilities, and fixed debt payments. What is the SBA disaster loan program? The SBA Economic Injury Disaster Loan (EIDL) loan program specifically serves people affected by natural disasters in the U.S. For COVID-19 relief, all small businesses, including sole proprietors and independent contractors, can apply. How much can I borrow? You can borrow up to $2 million if your business is physically affected by a disaster (such as COVID-19, or a hurricane, earthquake or some other form of economic injury). However, the media is widely reporting that the SBA has capped loan amounts to $150,000 due to overwhelming demand (though the SBA has not publicly confirmed this). If you qualify, the interest rate for an SBA disaster loan is 3.75% for businesses, and 2.75% for non-profit organizations. SBA loans have fairly long terms—generally 15 to 30 ye...
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Covid Relief Grants!

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Luckily, many nonprofits and industry groups have banded together to create funds that give additional financial assistance directly to workers in need. We’ve compiled a list below of 24 funds available for different types of industry employees nationwide. (FYI, many more funds could be available where you live or how you make a living; to search for more specific resources, especially those providing grants for medical emergencies, check out websites like  grantspace.org  and  candid.org , which have more comprehensive fund lists.) Be aware that some of the fund applications require extensive documentation, including tax documents and banking information, in order to verify you are truly in need and are an appropriate recipient for the money. But rest assured these are all legitimate operations: Each fund here is either from a registered non-profit organization or an established labor union. And if you happen to be in a good place financially and can help out, they prett...
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Accounting Practices for Your Forgivable Loans

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Many of our not-for-profit clients receive loans from local, state or federal government entities. Depending on the terms and language of the promissory note, repayment can be deferred for 15 or 30 years or essentially forever. In fact, many loans to not-for-profits are forgivable loans as long as the organization’s mission aligns with the purpose and restrictions of the loan.     However, recording a loan on the books for years, even though it is deferred, may negatively impact the organization’s financial statements. It may give the impression that an organization is highly leveraged and therefore not eligible for additional financing. It could also impact Board decisions if they perceive the loans as outstanding debt.     Here are some of the accounting best practices we can share to help improve your organization’s financial position and ensure loan compliance:     • Record forgivable loans as grants: By recording the loan as a grant, it becomes a ...
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How to purchase a home with no money down and get grants for small businesses due to Covid-19!!!!

As you may know right there is so many ways to boost your business, plan and make a come back. Check out just a few ways to bounce back and regain your independence during the covid-19! Main Street Lending Program The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). In addition, the Federal Reserve and U.S. Department of the Treasury are seeking comment through June 22, 2020, on two facilities designed to support lending to nonprofit organizations: the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF). Now let's talk more money for small businesses! SBA.gov has some programs ...
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Email Marketing to Generate Leads!

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Creating a free  offe r  is the best way to do this. First , narrow you're focus to the type of homeowner you're trying to attract.  You want to determine their biggest pain points right now.  What questions do they have about what they're going through?  What questions SHOULD they be asking?   I read a book by Russell Brunson and he said their are 5 curiosity hooks that we can use to get people to opt in to our email campaigns.  3 of the 5 that could be used for capturing homeowner leads... 1. " Little-know, big difference " which shows homeowners something that they aren't aware of and how knowing it could make all the difference between a good selling experience and a bad one. 2. " Well-known, little-understood " is where you take something that every homeowner you're targeting (absentee owners, probates, pre- foreclosure , etc.) thinks they know, and show them how they're actually sabotaging themselves. 3. " This changes everything...
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Using Direct Mail Marketing to Grow Your Real Estate Business

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Have you ever received  a car key in my mailbox.  The key looked different… it had no grooves in the side, just smooth. Furthermore, the key was attached to a  brightly colored postcard that claimed “You’ve Won!” Did it have my attention? Of course! I had to continue reading, despite the fact that I  knew  this was just another piece of junk mail. Looking over the card I saw that a local car dealership was giving away a free car to someone who would come down and test drive a car this weekend. (Reading the small print I see that the odds of winning the car was 1/3,000,000 but the odds of winning a free cup of coffee was 2,999,999/3,000,000. I wonder which prize I won…) So why did the dealership send me this colorful postcard and key? Simple: this is direct mail marketing, and it’s used by millions of marketers all across the world to sell products. From cars, to insurance, to mortgages, to electric fireplaces and more, direct mail marketing is a proven technique...
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