The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.

Francisco Villa, Co-Founder National Corporate Credit

How to Survive the Pandemic Financially

Well here we are, your business is limbo and you’re looking for answers to help yourself and family. Here are some things that will help you survive the pandemic financially.

Economic Injury Disaster Loan or EIDL are low-interest federal loans of up to two million dollars that are to pay for expenses that could have been paid if a disaster or pandemic did not occur, these expenses would include payroll, invoices and other expenses for operating a business

The Corona Aid Relief and Economic Security (CARES Act) is an advance of up to $10,000 for any person who applies for an Economic Injury Disaster Loan. This advance does not need to be paid back, which ia great for a business owner, you can use the money to keep employees on your payroll, pay for any outstanding invoices, rent or mortgage on your building. When filling out the application you can select this option at the bottom of the application. Basically, you get $1,000 per employee so if it’s you, and three others you get $4,000. The max on this grant is 10 persons who work for you.

Everyday More families are being affected by this Pandemic

I make a conscious effort to keep things in perspective when I get burned out. It is easy to get stuck in the daily grind, but if you think about all the distance you have covered, and what lies ahead, it is much easier to feel motivated and optimistic.

Mikyle Jessen, Co-Founder National Corporate Credit

There was a slight delay by the Small Business Association, but payments started to flow to businesses in the first week of April. There is a lot of confusion, concern and how and when will my business start or survive this pandemic. Right, now it’s only an idea and no one really knows.

Even though billions of dollars are going out to business owners there are still a lot of businesses or independent contractors who will not be approved or be eligible for the real amount they need. You could have had a consulting with yourself or another employee, if you were working with a non-essential business how to you survive now? If you are 1099 employee, you can only get a Payment Protection stimulus and maybe some relief so what do you do? Your best bet is to go through a service that can get you a loan or a credit line to help you through the next six months. That is your best option, the key thing is to find a good company with a good interest rate and that will fill your needs.

Five Keys to Succeed :

  • Solutions

  • Preparedness

  • Actions

  • Forward Thinking

  • Funding

There are a lot of companies offering $25,000 to $50,000 at rates of 30% how do you do that? That will not work for anyone, the key thing is to investigate, find a company that will look at you and how to help you. Sometimes these companies need a higher credit score to have a non-secured and no personal guarantee loan but your rates will be below 10%.

Do not be discouraged if they ask for a co-signor, remember they will work with a REAL bank and work on your behalf to help you vs. charging a lot of money and paying it back daily or weekly. Be smart and help yourself to understand this new landscape, because it will be here for some time.

Click now here to apply and start moving toward a better 2020.

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