Originally Posted By: jazzmammal
<...snip...>then just wait until tomorrow when the Small Business Loan program starts. That program is you get a loan and if you use it to pay your employees for 8 weeks the loan is forgiven. 350 billion is going to go like "poof" at every bank in the country and of course that's all online as well. It's first come first served so it will be another online madhouse.

Bob

Thanks, Bob.

The problem is I have no employees. I am a self-employed businessman. Leilani and the sub-contractors I use or that sell things on my site are all subcontractors and get 1099 forms instead of paychecks.

The 1099s for this year have already been filed to the IRS.

So I don't think I can use it to pay employees if I don't actually have employees.

Leilani and I have already filed for Florida state unemployment (reeployment in newspeak) and supposedly that will automatically enroll us in the $600/week for so many weeks from the Fed.

Since the mortgage is paid, and we have no debts other than my car payments, we should be OK.

Fortunately we have done what no government has done, we live below our means. We don't buy things on credit except for our cars (which we drive until they become unreliable) and we have a savings plan for emergencies.

We think that as self-employed people, with no guarantee of future work, it's important to have that savings buffer.

Notes

Bob "Notes" Norton smile Norton Music
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