Help to calculate the Targeted EIDL Advance Economic figure
Budget: $10 – $30 USD
First please refer to the attached.
Need assistance with calculation of fiscal year 2019, 2020 and 2020 based on the below requirements:
The SBA recommends that you get your tax filing completed as soon as possible. You will be required to provide your business’ monthly gross receipts for each month from January 2019 through the most recent month-to-date period. This information will be used to determine that your business meets the greater than 30 percent reduction in revenue requirement during an 8-week period beginning on March 2, 2020.
What are the new $5000 supplemental grants?
The American Rescue Plan includes $5 billion in funding for Supplemental Targeted Advances (grants) of $5000 to hardest hit businesses. The legislation states these grants will be available to covered businesses that:
Suffered an economic loss of greater than 50 percent; and
Need assistance with calculation of fiscal year 2019, 2020 and 2020 based on the below requirements:
The SBA recommends that you get your tax filing completed as soon as possible. You will be required to provide your business’ monthly gross receipts for each month from January 2019 through the most recent month-to-date period. This information will be used to determine that your business meets the greater than 30 percent reduction in revenue requirement during an 8-week period beginning on March 2, 2020.
What are the new $5000 supplemental grants?
The American Rescue Plan includes $5 billion in funding for Supplemental Targeted Advances (grants) of $5000 to hardest hit businesses. The legislation states these grants will be available to covered businesses that:
Suffered an economic loss of greater than 50 percent; and