Jon, I’ve been taking up all of Julio’s time talking about EIDL, the loans and the grants
Julio: Yeah. The Lord giveth and the Lord taketh. The way Congress works, the minute the clock strikes that money swiped out. It just goes back to treasury.
FEMA provides grants and assistance infrastructure and everything on a case of disaster, SBA steps in and provides the hard capital through a loan
Gene: And I do understand that there’s in the infrastructure bill and I’m not sure how much of this impacts the SBA, but a good part of the funding is to use unused COVID relief funds as part of the infrastructure bill. So that may have an impact on whether some money gets extended to next year. Before I turn it over to you, I just want to say to all of our listeners and viewers that this is like money that’s out there. It’s available for you. If you haven’t gotten an EIDL loan, you’re likely eligible for it. The whole country’s in a disaster area.
You can use it to pay down existing debt now to fix 30 year loan
And if you’re in any one of those economic opportunity areas where you can get up to a $15,000 grant, online payday loans instant approval Austintown I mean, for goodness sake guys, let’s take advantage of this as soon as we possibly can or else the time’s going to run out. So Jon, let me turn it over to you. I know you’ve got some questions to ask Julio too.
Jon: Anytime. Yeah. I think it’s going to be a good conversation for our listeners, but aside from the COVID relief programs that we talked about a little bit, or kind of the emergency relief, I don’t know that 100% of small business owners or aspiring small business owners are really clear on like what the SBA does or what a local chapter of the SBA does. So can you talk to me a little bit about that? So kind of how someone might engage with you or what services you provide for small businesses.
Julio: The SBAs is not new. We’ve been around since the 1930s under the Reparation Act that was part of the depression era trying to recover from the Great Depression back in the 1930s, the present back then created an agency within the government to help businesses to get back up on their feet.