EIDL LOAN: What Can You Spend it On? Rent? Credit Cards? Payroll? Cars? finance to rent

by adminHanoiHalongTour



June/July Eidl update. i got alot of questions regarding the use of the eidl and what we can spend it on so after talking to accountants and research here is a video on my personal perspective on what the loan can be used and spent on! Of course I am NOT A LAWYER OR CPA, this is personal interpretation not advice! Thanks for watching! APPLY HERE for my Mentorship Program – FBA BOSS ACADEMY: JOIN FREE FBA Business Society Support Group: Helium10: PAK10 – 10% off of every month of Helium 10 PAK50 – 50% off of the 1st month of Helium 10 Jungle Scout Chrome Extension: ️Social Media: IG: .

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EIDL LOAN: What Can You Spend it On? Rent? Credit Cards? Payroll? Cars?

EIDL LOAN: What Can You Spend it On? Rent? Credit Cards? Payroll? Cars?

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#EIDL #LOAN #Spend #Rent #Credit #Cards #Payroll #Cars
EIDL LOAN: What Can You Spend it On? Rent? Credit Cards? Payroll? Cars?
finance to rent
आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें
आप यहां बहुत सारी उपयोगी जानकारी देख सकते हैं।: यहाँ और देखें

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25 comments

icecreambeats101 23/02/2022 - 5:11 Chiều

Hey Kevin I found out there’s no time limit on when to spend the EIDL loan. Well out of my 75,000 I only used 8,000 of it but I have receipts on what I used it for.

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icecreambeats101 23/02/2022 - 5:11 Chiều

Hey Kevin my sister was approved for the EIDL loan of 65,000.00, she was an Uber/Lyft and she said the lady on the phone told her she could use the money for her rent, insurance, phone, car payment and utilities. What are the chances of her being audited?

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MARWAN SHIDAWA 23/02/2022 - 5:11 Chiều

Do I have to clarify the expenses of SBA EIDL Loan after spending the funds , Even thoug my Eidl loan is $10.000 only or less

?

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Mike Mai 23/02/2022 - 5:11 Chiều

Hi Sir, Can i open a different business bank account for eidl loan and only use it to payout the business rent? My other business bank account connecting with the credit card machine and will have money coming everyday which i will use to pay for other expenses including salary, utility and cash out when i need it. Is this legal or violate the sba regulations? Help please

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J M 23/02/2022 - 5:11 Chiều

I know this video is older but I have a few questions and you seem to be on the ball among other videos I’ve seen.
Can I use eidl funds to pay for childcare/schooling for my daughter, without schooling I wouldn’t be able to work daily as a real estate agent.

Secondly, I acquired high interest loans in 2020 during the peak of covid to cover different business expenses, I know I can’t pay them in full but can I pay increased payments monthly at the least?

Thanks for any feedback

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The Leader 23/02/2022 - 5:11 Chiều

I work out of my home can I use it to pay for rent

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Temidayo Seun 23/02/2022 - 5:11 Chiều

I got real credit card from hungcardin on telegram and he helped me load more on it, it still working no security issues so far. that guy is really good for card job

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Ciprian Paris 23/02/2022 - 5:11 Chiều

It’s a loan that we have to pay back in full, and they are telling us how to is it.

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Andre Shervanian 23/02/2022 - 5:11 Chiều

I feel as long as we pay the loan back, we won’t have any problems. Wtf do they care ? As long as they earn their money back plus interest.

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Tani 23/02/2022 - 5:11 Chiều

Can I buy a computer ?

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Tiffany W 23/02/2022 - 5:11 Chiều

Can I use it for furniture for new equipment for my business. Can I spend it to renew professional license and marketing dang I have so many questions

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Nate Chiaratti 23/02/2022 - 5:11 Chiều

Hey bro .. thanks for the video! A lot of good info in it! Did you have to provide a business plan?? To the sba or any entity? I also run a e-commerce website ( mysticallstore.com) but I’m having trouble securing capital … I was wondering if Younhad any advice?

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Rehan Haque 23/02/2022 - 5:11 Chiều

Just a quick question so don't hv to pay for 12 months what if I use the money to pay off my car and other debt and than pay off this entire loan after 12 month when my payment will start …? Do they still audit me even if I pay off within a year ?

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Annabel Walnot 23/02/2022 - 5:11 Chiều

If you're interested in getting an EIDL GRANT you can contact frank on his business whatapp line +1(315)367-3451.i got mine with the help of frank

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Jenny illinois U.S.A 23/02/2022 - 5:11 Chiều

I have used my personal credit buy supply for business before the covid virus going on , can i able to use EIDL loan to pay off my credit card that i have used for my business supply purchase?

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Jason Halloway 23/02/2022 - 5:11 Chiều

I decided to give Tony a trial after I initially got declined for my EIDL application. After two weeks of closely working with him I got approved . If you have issues reach out to him for help you regret it . Text him on + 1 2 5 1 2 6 5 3 2 5 9

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Zaida Kaplan 23/02/2022 - 5:11 Chiều

Thanks for the valuable info, you rock! I’m an ambitious at home mom of 6 and I would love to learn how to make money online like you

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oscar escoto 23/02/2022 - 5:11 Chiều

Bro show me how to make money like you

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Wendy Peralta 23/02/2022 - 5:11 Chiều

We want to make an office in the basement can I use my EIDL loan for this?

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James Jordan 23/02/2022 - 5:11 Chiều

Between 500 CPA's , business owners, the SBA website, the treasury, and 500 websites……..what is the truth? Everyone seems to be saying variations of what we can and can't do (I don't see any reason it should be so limited, is it supposed to help us or not?) Does anyone actually know what is going on? This up in the air retroactive changing terms is….not good.

Can Sole proprietors pay their estimated state and federal taxes with EIDL? The 15.3% and whatever state tax, therefore saving money for general purposes?
Can we use it for payroll AFTER we used the SBA-PPP funding , after the funds have been used and forgiven or not? So, for different months.
Can we pay off the vehicle we use for business as fixed debt?
Can we at least pay monthly vehicle loan payments?
Can we pay credit card debt incurred during the pandemic when you use them for your sole proprietorship?

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Phil Anderson 23/02/2022 - 5:11 Chiều

No fixed assets. Damn I need to update some equipment in my shop

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C G 23/02/2022 - 5:11 Chiều

if these knuckle-dragging idiots wanna try throwing me in jail for not following their rules while screw up after screw up comes from them they got another thing coming. They dont even know what the hell is going on, why am I supposed to?

I dont need a reply to this, I dont care either way.

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LaRuth Anderson L&K CREATIONS 23/02/2022 - 5:11 Chiều

I need a icolor machine and a embroidery machine for.my business can I use the loan for that and my business is out of my home that I rent can I use this for that also.?

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Spanish Classes Long Island 23/02/2022 - 5:11 Chiều

Now I work 100 % work In my apartment ( home office ) can I pay my monthly rent payment with that money .
I have an LLC . I work 7 days a week with my computer in my apartment

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barefacedbeauty101 23/02/2022 - 5:11 Chiều

Did they send you an email after you applied for the EDIL ? I applied in April and just received an email saying I didn’t reply to their previous correspondence (maybe in spam) so they declined my application. Smh

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