$10,000 EIDL Stimulus for small business| Explained by tax pro| EIDL GRANT 2021

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Nice job Carlos! Very well laid out & informative. Thank you.

Awesome video very informative thanks!

Great info! Can you forward me the link to the census reporter you use to determine the poverty rate? Thanks!

Loving the visual aids.

I feel I should point out, though, that the median household income is different than the median family income.

I applied for the EIDL loan and was approved, but the advance was out of money and no check box was on the application, so do I still get the 10,000

Sorry but I disagree that the 8 week period has to be the exact period from 2019 to 2020. Regardless of what’s posted on the SBA website section 331 of the original law states that the 30% reduction in revenue over an 8 week period beginning March 2, 2020 to December 31, 2021 is relative to a comparable 8 week period immediately preceding March 2, 2020 or during 2019. IMO this means that it’s any 8 week period after March 2, 2020 compared to any other 8 week period before March 2, 2020 since the word ‘same’ is not used as it is with PPP draw two. The word ‘comparable’ could be considered as the same but I don’t think it is in this situation because you can still use the 8 week period immediately before March 2, 2020 to compare to the rest of 2020 or 2021.

Do you need the $10,000 for your small business? What would you use it for?