04/15/2022
šš¾āāļøPlease Understand That the āHouse Passed Bill to Fund Small Business Grant Program for $55 Billionā Does NOT Mean That There Will Be Renewed Direct PPP or EIDL Payments!
3 Things Can Happen Hereā¦
šÆPay Attention~
ā¢šThe Bill Can Be Altered/Changed, Decreased, or Completely Scrapped by The Senate.
⢠šThe Funds can (& likely will be) what is called āEarmarkedā for Specific Industries ONLY, like restaurants, food trucks, wineries, breweries and bakeries. Not to mention, the previous American Rescue Plan Program sent majority of funding DIRECTLY to State Small Business Credit Initiatives (SSBCI) for states to disperse! This gives states complete oversightā¦
⢠šThis bill, H.R.3807 - is the Restaurant Revitalization Fund Replenishment Act of 2021. Know that there is an extremely Large Queue for those who applied last year.
ć°There will be a ā1st Applied, 1st Servedā rotation here⦠New applications, & Smaller Businesses have a lesser chance of approval.
šš½This mattersšš½ āThe remaining $13 billion would go to small businesses to include gyms, event venues, theaters, transportation contractors (SBA Certified) and sports teams. A portion of the $13 billion would be set aside for grant program oversight.ā
āšØ(Translation: the mistakes they made with giving away the 1st PPPās wonāt happen again!)
(Plus Itās a direct sign that funds will be earmarked for larger entities)ā¦
āhow many of you own these type of entities??
šÆThey WILL Be Monitoring funds~ those who plan to create fraudulent & falsified documentation⦠DONāT! We have enough people sentenced or about to me for PPP/EIDL fraud!)
and PLEASE, be cautious of folks charging you to help you with applications or denials !
š¤¦š¾āāļø Ask yourself ,āwhat are they exaggerating or falsifying on your behalf?ā
šIn Conclusion, so many people donāt truly understand how Federal Grants work, and that grants of this size get dispersed by hierarchy
- labeling this āsmall businessā doesnāt mean itās for everyone~ thereās extreme auditing that happens with these funds, if you have no revenue, no employees, no payroll, no audited records, etc., you have a higher chance of getting a Grant from Walmart !
šÆ
The small businesses theyāre referring to are not those who just launched a Shopif store , just got an EIN & registered an LLC because the bandwagon rode by⦠they formed, structured and professionally managed!
Signed~ A Federal contractor shaking her head at the misinformed ,wannabe Gurus spreading misinformation on FACEBOOK. š
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