Apr 3, 2020
The Stimulus Package was signed in to law on March 28, 2020. If you're a Small Business owner, Independent Contractor, Freelancer, Sole Proprietor - The 2020 CoronaVirus Stimulus Package could be a lifesaver! Here is the link to go and get ALL of the Resources we have put together === https://bit.ly/2Uy8LEV Make sure you get at least the $10,000 COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION ==== https://bit.ly/39u3F0R go to this video to learn how to apply for the Economic Injury Disaster Loan Application ===== https://youtu.be/YKVjDK5jHrg. Heather Havenwood (Like A Boss Podcast and Influencer Tribe) and I recorded this special briefing for you. Welcome to your emergency financial survival briefing. Please watch and share this with other people in your community and small businesses. Small businesses, really are the health and the breathing mechanism of America today. It's extremely important that we insure that as many as possible survive. There's a lot of things that got passed in the stimulus package, but much of it still isn't well known.
It wasn't just a blank check. There are different tiers for different businesses and governments. There's state, there's federal and SBA. There's literally different things. There's emergency loans, there's emergency grants. And so much so over the last what three days, Kerry you and I had been scouring the internet. You had the audacity to read the bill Cray Cray. You are, but that's who you are. So what we're doing is he's going to be going into the details of these different kinds of packages. I'm not going to call them loans because some are some art, some are grants, some are just gifts of the government. And there's a lot of um, a confusion out there. Even lawyers and accountants don't really exactly know what's going on. So we explained to you who Kerry Lutz is. So he's a financial guy now. Absolutely. That's, that's what we're here to do. I'm actually willing to having a phone call here in a couple of hours with a doctor, an MD who's got a general practice in San Antonio, and he was referred to me, but my other friend who's a doctor, he's like, please help them. You know? Um, so everyone's freaked out. And the, the challenge with all of that is that, uh, there's a lot of misinformation happening. You know, the end of the day, this, some news package just was signed on Friday, late Friday actually. information is still being brought out. As you know, Kerry I walked, went to three banks today, uh, to talk about one particular a loan program that was talked about in, in the Congress, the bill and all the bankers are like, we don't know what you're talking about. So there's just a lot of information. Our job here today is to help you as much as we possibly can. All right, so let's kind of dive in. My job is to keep a macro view on it and Kerry going to dive in a lot to the minutia. So let's start with the individuals. You know, what's in it for the individual who's not business? It is the $1,200, is that right, Kerry? Yup. Basically $1,200 if you're a married couple and you're under a certain income level, generally $75,000 each, then you'll each get 1200 and then $500 each for each dependent that's listed on your tax return. So it could be a substantial amount of money for a married couple. My partner business partner, he's got six children and a wife. So he's Yeah, small down payment. Okay. So we're quickly though on that cause something I learned last night, you and I are talking about if you, you need to make sure that you have to file your 2018 Taxes, correct? That is correct. There's no, you can't really tell whether it's going to tie it up or not, but they're going to base these payments on 2018 on your return. Heather, it wouldn't surprise me if it goes out early next week. I've never seen the government move as quickly on anything. when I was in New York and nine, 11, we had all these programs and they took months to get and and so New York might actually have an advantage here because they still have that infrastructure in place for their grants and loans that took place after nine 11. These programs can work for you. There are programs in this bill that will help you. Gig economy, financial contractors. I'm pursuing, I'm a, I'm a, I'm a consultant basically, right? I'm a one person employee. I have people that work for me, but they're all contractors. Uh, I thought for sure I'm not going to get anything. And uh, last night I, uh, along with Kerry, we filled out information to get a $10,000, what do you calls all loan? $10,000.