Interesting SBA disaster relief loan for business w/ less than 500 employees Interest - Chevy Spark Forum : Chevrolet Spark Forums
 
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post #1 of 3 Old 12-20-2020, 03:58 AM Thread Starter
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Interesting SBA disaster relief loan for business w/ less than 500 employees Interest

a friend of mine told me about this loan. it's a loan through the sba with a $ 10,000 advance that apparently doesn't need to be repaid.
"this advance will provide economic assistance to businesses that are currently experiencing a temporary loss of income. funds will be provided after successful application. this credit advance will not have to be repaid."

I can't help but wonder what's stopping a business like mine, which hasn't really been affected, from applying and getting 10 grand. I'm thinking of applying and, if I get $ 10,000, identifying a few local businesses that need the money and turning them over to the owners. Oto I feel that I should not apply and keep the funds available to those who really need them.
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post #2 of 3 Old 12-20-2020, 05:44 AM
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What about landlords who are going to suffer a loss of rent revenue?
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post #3 of 3 Old 12-20-2020, 05:44 AM
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Insurance is very important and I am sorry that I didnít understand this earlier because immediately after buying an apartment I ran into serious problems. I decided to give up insurance and as a result I had to pay for repairs of the apartment due to an earthquake. The cracks were quite large ... As a result, I took out a loan from Mortgage Advice Cardiff and then paid them money, but I liked working with them because they approved my loan very quickly and I received the money in 5 hours, which is very cool. I also had no problems with them because of the long payments and in the end everyone is happy
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