Become a Patron! Economic Injury Disaster Loans, first introduced by the 2020 CARES Act, are a special program of the Small Business Administration designed to reach the smallest business, including sole proprietors and platform workers, who may not have been able to fulfill the initial requirements of the larger Paycheck Protection Program (although many of those … [Read more...] about My successful Economic Injury Disaster Loan modification
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Understanding the latest two rounds of EIDL Advances
Become a Patron! Last May I shared my successful Economic Injury Disaster Loan experience, which included a $1,000 "EIDL Advance" that doesn't have to be repaid and a $3,000 30-year low-interest loan. It took about a month and a half for the money to show up in my checking account, but other than that the process was fairly seamless, and the Small Business Administration … [Read more...] about Understanding the latest two rounds of EIDL Advances
What’s the real story behind the zillionaire widow defrauded by her grandsons?
Become a Patron! Via TravelBloggerBuzz, last week I read a fascinating story about the resolution of a FINRA arbitration complaint against two JPMorgan financial advisors by their grandmother, whose money they had supposedly misallocated for the benefit of themselves and their employer. Unfortunately, for the usual reason (laziness) the business journalist was unable to … [Read more...] about What’s the real story behind the zillionaire widow defrauded by her grandsons?
Five profitable things to do with low-interest loans
Become a Patron! I've written many times about my fondness for low-interest, and especially low-fee, balance transfer and cash advance credit cards, which allow consumers to borrow large — sometimes very large — sums of money for a fixed period of time and pay nothing to the bank if the loan is paid off by the end of the promotional period. This is a form of what I think … [Read more...] about Five profitable things to do with low-interest loans
My successful Economic Injury Disaster Loan story
Become a Patron! I've been looking forward to this post for over a month, so I'm glad to finally be able to write up the complete story of my Economic Injury Disaster Loan. I know a lot of people are at different stages of the process, so hopefully this will be a useful guide for what to expect, particularly if Congress ends up appropriating additional money for the program … [Read more...] about My successful Economic Injury Disaster Loan story