STEP-BY-STEP: Applying for the 10k Grant through SBA Disaster Loan [STEP-BY-STEP]

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This video walks you step-by-step through how to qualify for the (up to) 10,000 SBA Grant, which is available for businesses economically hurt by coronavirus.

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SBA Disaster Loan & Advance (used to get the 10k grant)
--Self-employed without employees qualify (it’s stated on first “page” of the application)
--Apply for sba loan and check the box for 10,000 “loan advance”
--Advance is turned into a grant to get money to people fast (you do not have to take out a loan)
Loan Rates:
--3.75% for Small Businesses
--2.75% for Non profits
Costs to replace:
-- Payroll (self-employed/1099 owner pay is net income- see "7 ways" video below)
-- Fixed operational costs such as rent or mortgages
-- Ongoing expenses that you continue incurring, like utilities (not taxes)

Application: https://covid19relief.sba.gov/#

Need help organizing your accounting to know how much money you have LOST because of coronavirus? Get the free Business Spreadsheet Template and training to get accounting caught up right now! https://www.amandarussell.mba/....getthebusinessspread

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