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Thanks SBA for supporting my ventures!
This appears to be the loan program that gives you an interest free loan for one year followed by a low interest rate of 2.75% or 3.25% with low payments.
We have a client who was offered $21500 with payments of only $105 per month after one year of no interest.
bingo - and it's 30 years too
hopefully others took advantage of these generous government programs. at the very least, I can put this in an etf and absolutely crush inflation
Let us know if you really get it.Quote:
Originally Posted by straightandhatingit
they deposited a measly 1k already. reading online, i should get the full amount sometime next week
I feel like this thread is meant to get a rise out of some here, that don't appreciate all the government "giveaways" associated with this situation.
If you are entitled to a government loan associated with your business and loss of business and income during this unprecedented situation, that is fine. Good for you. But that money is not supposed to be used for your gambling bankroll, it is supposed to be used for your business interests and to replace lost income. :rolleyes:
Now, I as a professional gambler (self employed) qualify for unemployment benefits under the expanded eligibility included in the CARES act. As of today I haven't seen a penny yet, currently owed 9 back weeks. Nevada seems to be one of two remaining states that has not yet made payments to self employed and gig workers. Nevada seems to have had one problem after another regarding implementing this. I believe there is now a lawsuit against the state and it's unemployment program regarding their incompetence.
So at some point I should get this money, plus 1 more week before Casinos open. I will not file for any weeks after the casino are open. I personality separate my money, living money for the year, bankroll and personal savings, and consider this unemployment as income that I lost when the casinos shut down, no different than anyone else who was forced out of work. I have an AP friend that believes for a solo AP, it really is one big fund. That all money is the players BR. So if you buy into THAT theory, I guess it is sort of going to my bankroll.
For someone who doesn't like this site, you sure do write a lot of essays on every thread.Quote:
Originally Posted by kewlJ
Mainly to annoy you and a couple other. :DQuote:
Originally Posted by monet
For once, I feel as if I can ad some insight, from a different perspective, on a topic. Self employment collection for unemployment. I left the mainstream workforce 19 years ago and have been self employed since. Technically, I am semi retired and work five days a month to help a former engineer in the carpentry trade. I also gave a loan to a semi contractor five years ago which allows me to still show that my previous "business" shows an income. My business ended three years ago. Trust me, the loan will not offset the money I could have made in the stock market two of the last three years. Hey, a loan is to help someone to buy a house, not to make money. Pass it on.Quote:
Originally Posted by kewlJ
Anyhow, in the yes of the government, I still run a business. I claim the money from both sources. I pay taxes.
Massachusetts is the number one state for the maximum end of unemployment wage potential. This state was slow in getting the ball rolling, but when they were ready to service self employed individuals, they came through. I just collected my eighth week of unemployment. Legitimately, I have not made any money the last eight weeks (again, remember, I am semi retired).
I have one piece of advice for everyone who is self employed. Keep notes of your employment between April 1st and July 31st. My friend, who does things by the book, has claimed employment for two days a week for a couple of consecutive weeks. He did work, and probably received some big checks for a completed job. It was interesting to learn that when he amortized two days of work (without a massive end of the job check) he received three days of unemployment and the full $600 of supplement money.
My belief is that if you claim one day of unemployment in any given week, you collect the full $600 on top of one day of unemployment.
The system is crazy. I would rather have the government state that my 401K withdrawal is from savings and not income. Because of this, I pay $2,000/month for health insurance (instead of $500/month) and did not receive the stimulus check ($1,200 x two individuals). I took out a considerable amount of 401K money. So much for saving money for retirement, viewing it as true retirement money. Sadly, saving money is a negative when addressing health insurance (forget the stimulus check).
I had a comprehensive concluding paragraph but after five alterations, enough has been stated. I will only add, that I may request Tasha to keep giving her Florida Lottery Numbers.
just tryna figure out where i should invest it. bigger spread? higher minimum? hope BTC breaks 10k? make a big negative EV cover play?
Hookers!
ive already got a separate BR for that but i like where youre headed
Such irony
Masses of low wage earners that are essential going to their supermarket jobs, their Amazon shipment center jobs, their meat packing plant jobs
The wealthier business owners whose business was shut down bragging about their government handouts checks they cashed
Just an observation!
While I don’t agree with your comments on the lower end workers, you are partially right about the business comment. The bigger fraud was PPP which was used to pay payroll to businesses that stayed open. The vast majority of which would have never closed down during this because their services were in demand. They received 8 weeks of Free Payroll to pay employees that they would have otherwise paid.Quote:
Originally Posted by Darkoz
A good example I know is Dominos pizza. They set sales records week after week because they were already a Take Out and Delivery business. There was more demand than ever for their crummy pizza and they hired more drivers. And 100% of their payroll was covered by the government (which of course is us taxpayers). They had no need for PPP but were rewarded by it.
Other small businesses and restaurants got it as well. And magically increased payroll by adding family and friends to No Show jobs and are splitting their gains.
It’s a textbook example of government waste and not thinking things out before reacting. It also shows that many Americans will find ways to never miss an opportunity to take advantage of a situation. And have no morals when doing it.
When the books are written, this event will go down as one of the costliest government failures of all time, if not the most. Regardless of what side you are on, generations will be paying for this forever.
I assume this is an EIDL loan. I have applied for this on behalf of a number of clients. Although they do verify the active status of the entity depending on what type of entity you applied under, otherwise this loan is mostly based on the personal credit score of the individual business owner.
The $1000. you got as an advance, for the stronger clients who applied, was paid out almost immediately, at the rate of $1000. per an employee, so maybe you had only one employee (yourself - the business owner). Your application must not have been so strong otherwise you would have received this $1000. immediately, but then there are some who get the grant and not the loan, so at the end of the day the SBA must have liked your application. This $1000. you got is the grant portion of the advance, and does not need to be repaid.
By law, the EIDL grant or loan must be used for your business, but obviously for a small amount like only twenty-five grand it's doubtful that anyone is going to follow up to make sure. These EIDL loans are pretty much capped at $25,000. (at the moment - earlier we were getting much more, up to $400K for some of my clients), but the PPP loans are coming in at millions.
A PPP loan is more difficult to get and requires proof of payroll. However, once you get a PPP loan as long as 75% of it is used for payroll within 8 weeks, it does not have to be repaid - which is an almost insurmountable barrier for most small businesses, leading some small businesses to just look to return the money. There is some legislation pending to relax this 75% rule for the PPP.
No personal guarantees are required for any of these loans, although I suppose if you are applying for a sole proprietorship your business is you, so if your business is on the line so would you be.
Getting these loans, especially the PPP, approved has as much to do with knowing how to package and present the application, as anything else, which is why people like me are paid the big bucks to get the job done.
I am also helping self-employed clients with PUA unemployment claims. There is not much money in this for me - just doing it as a service for good clients. It is astonishing to see someone who was making seven figures last year apply for PUA this year, but this is what is happening to some of my clients. In some cases though, with my help and creative juices we are getting two or three checks for PUA incoming per household, maxed out to 450 per week plus the government's 600 per week times multiple household members it adds up.
It's all legal, just has to be crafted properly, and backed up with properly filed tax returns in case of audit.
pretty sure legislation already went through and it's now 60% and 24 weeksQuote:
Originally Posted by MDawg
Not exactly. The version you and I reference has passed only the House, a different version has passed the Senate, and just like with all bills, must pass through both and be signed into law by the President.
Anyone who made more than a million dollars last year and is applying for UC is a Scumball in my book. Period. If they really need $1000 a week they are bad with their money or are just greedy.Quote:
Originally Posted by MDawg
Instead of helping them with applying, teach them your stock system, or better yet how to constantly win at Baccarat. Far more money in both than collecting UC.
And I’m not sure why you feel the PPP is insurmountable. It’s all about having a good accountant and moving money around if you own your own real estate. Trust me, it’s being done all over the country. Not everyone in the business world is honest when it comes to money.
The PPP requirement is that the money be used for PAYROLL. It's not just a matter of moving money around it would require the cooperation in a fraudulent scheme by every employee on the payroll to receive and pay back the money, with sufficient kept by the recipient to cover taxes at the back end, or by the payor to cover taxes at the front end. And why would all these employees risk their necks for the owner? It's easy to assume that everything may be overcome "with a good accountant and moving money around" - quite another to do it, once you understand exactly what is at stake and would need to be done. Also - the only way to keep a secret is if all but one of the parties are buried with it, and you'd be talking about a lot of possible loose lips.
This is quite different from a one owner LLC or sole proprietorship receiving an EIDL loan and not using it for his business. One check in - one check out, and no questions asked unless there is an audit.
In any case, I stick to what is legal and I cannot help anyone with anything illegal.
As far as high salary individuals receiving multiple PUA unemployment claims for their household, that's perfectly legal as many of them were already dividing the income from their businesses among their families, and if in fact that income has been reduced they are entitled legally to PUA. Keep in mind that high income often goes hand in hand with high expenses, and when that income is cut off such people might be in dire straits more so than a guy with little or no overhead and small income. Plus we're talking not just about $1000. per week but a thousand per week times two, three even four or more members of a household or entity, if it is done right - with my help. All perfectly legal.
And again, I'll help anyone in trouble or with a need - I just draw the line at violent crime, if I were practicing crim law I wouldn't help violent criminals. This isn't a decision I need to make as I practice white collar business law only these days anyway.
Neither me or wife have applied for anything, but I can't really fault anyone who does. Even if they don't need it.Quote:
Originally Posted by The BozAnyone who made more than a million dollars last year and is applying for UC is a Scumball in my book. Period. If they really need $1000 a week they are bad with their money or are just greedy.Quote:
Originally Posted by MDawg
Instead of helping them with applying, teach them your stock system, or better yet how to constantly win at Baccarat. Far more money in both than collecting UC.
And I’m not sure why you feel the PPP is insurmountable. It’s all about having a good accountant and moving money around if you own your own real estate. Trust me, it’s being done all over the country. Not everyone in the business world is honest when it comes to money.
Nobody is going to have to pay anything back now or later because the money given out was printed not borrowed. We might suffer from inflation however due to increase in money supply. People have plenty of money to spend when the ruling class allows the serfs to remove their masks so we shall see how supply and demand plays out.Quote:
Originally Posted by The BozWhile I don’t agree with your comments on the lower end workers, you are partially right about the business comment. The bigger fraud was PPP which was used to pay payroll to businesses that stayed open. The vast majority of which would have never closed down during this because their services were in demand. They received 8 weeks of Free Payroll to pay employees that they would have otherwise paid.Quote:
Originally Posted by Darkoz
A good example I know is Dominos pizza. They set sales records week after week because they were already a Take Out and Delivery business. There was more demand than ever for their crummy pizza and they hired more drivers. And 100% of their payroll was covered by the government (which of course is us taxpayers). They had no need for PPP but were rewarded by it.
Other small businesses and restaurants got it as well. And magically increased payroll by adding family and friends to No Show jobs and are splitting their gains.
It’s a textbook example of government waste and not thinking things out before reacting. It also shows that many Americans will find ways to never miss an opportunity to take advantage of a situation. And have no morals when doing it.
When the books are written, this event will go down as one of the costliest government failures of all time, if not the most. Regardless of what side you are on, generations will be paying for this forever.
Speaking of masks I went to Lowes yesterday and said screw it I'm taking a stand. No mask. I then went across the parking lot to my regular grocery store. No mask, it felt great!
Not as many wearing them here in Vegas as other parts of the country.Quote:
Originally Posted by quahaug
A few places now require them so I just put it on.
I did go into Home Depot and Albertsons the other day with no mask as they didn't force me.
I could never wear one of those masks for more than 45 minutes or so.
I agree with you though that its better not to wear one.
Same. I didn't even apply for the stimulus thing. If they find me and force it on me, I'll just donate it to some food-related charity or another.Quote:
Originally Posted by AxelWolf
You go to court to fight the Casinos over some trivial bullshit.Quote:
Originally Posted by Mission146
You will wait and observe players so you can vulture a few bucks.
However, you aren't taking any stimulus payments!?
I guess you got to draw the line somewhere.
I am sure AW and his wife do not qualify for everything.
Seems ironic to fly 3000 miles to take advantage of a promotion but won't take 600 dollars from their own taxes.
Most AP's deal with sudden loss of income on a regular basis as plays are ruined by casinos etc.
Most AP's have a decent bankroll to weather them through.
I still have enough bankroll to last me awhile and I even diverted some of the cash for gambling into the stock market
For me, it's a sense of fairness. The casinos offer games, then get mad when I figure out how to win (even though they have no problem stacking it in their favor themselves)
Taking an unemployment check when I don't need it isn't the same thing
It takes an expert level troll to find fault with someone trying NOT to take Government money. I applaud your ingenuity.Quote:
Originally Posted by monetYou go to court to fight the Casinos over some trivial bullshit.Quote:
Originally Posted by Mission146
You will wait and observe players so you can vulture a few bucks.
However, you aren't taking any stimulus payments!?
I guess you got to draw the line somewhere.
I am sure AW and his wife do not qualify for everything.
Seems ironic to fly 3000 miles to take advantage of a promotion but won't take 600 dollars from their own taxes.
I have never sued a casino. The only time I went to court related to casinos was when I was trying to get a fine for defiant trespass dropped.
Of course I will wait to try to vulture, mainly because I think it's fun and I find it interesting to watch human behavior. I like seeing if I can correctly predict if they are going to leave or put more money in.
But, no, the nation is already in tremendous debt and continues to run a deficit. Don't get me wrong, if I absolutely needed the money to survive I'd have been the first one to sign up. Being able to eat is more of a fundamental principle of mine than not contributing to the federal deficit, after all.
I think people just have trouble seeing the difference in like actions.Quote:
Originally Posted by Mission146It takes an expert level troll to find fault with someone trying NOT to take Government money. I applaud your ingenuity.Quote:
Originally Posted by monetYou go to court to fight the Casinos over some trivial bullshit.Quote:
Originally Posted by Mission146
You will wait and observe players so you can vulture a few bucks.
However, you aren't taking any stimulus payments!?
I guess you got to draw the line somewhere.
I am sure AW and his wife do not qualify for everything.
Seems ironic to fly 3000 miles to take advantage of a promotion but won't take 600 dollars from their own taxes.
I have never sued a casino. The only time I went to court related to casinos was when I was trying to get a fine for defiant trespass dropped.
Of course I will wait to try to vulture, mainly because I think it's fun and I find it interesting to watch human behavior. I like seeing if I can correctly predict if they are going to leave or put more money in.
But, no, the nation is already in tremendous debt and continues to run a deficit. Don't get me wrong, if I absolutely needed the money to survive I'd have been the first one to sign up. Being able to eat is more of a fundamental principle of mine than not contributing to the federal deficit, after all.
Example, Muhammad Ali beats people to a pulp in the ring so he should have no problem killing people as a soldier in Vietnam
In this case, AP's show no problem taking money from big corporate casinos so how is it they don't want money from the big government.
Or if an AP has no problem vulturing a player then they must have no problem cashing out left behind funds in a slot machine. AP's see the difference but other people dont.
I see this kind of myopic blurred disconnect all the time
Nah, Monet's smarter than that; he just likes to fuck around. He'd also strip and rob a corpse if someone told him there was a hidden penny somewhere. Which is fair enough, it's not like the corpse needs it.Quote:
Originally Posted by Darkoz
I would only modify to say that APs do not, 'Take,' money from casinos. They win it. I guess you could say those who outright cheat take it, but that's also a legal violation.
I don't vulture players, I vulture machines. I take no action whatsoever that would result in a change in the player's behavior, at least, never knowingly. I agree on APs seeing the difference.
I have no moral issues with people signing up and taking advantage of the situation whatsoever. As a matter of fact, I encourage it. From what I understand, and what I reading there were a few loopholes where we(my wife for sure) could have received some money. I just figured we didn't need it, and it wasn't worth the hassle.Quote:
Originally Posted by DarkozI think people just have trouble seeing the difference in like actions.Quote:
Originally Posted by Mission146It takes an expert level troll to find fault with someone trying NOT to take Government money. I applaud your ingenuity.Quote:
Originally Posted by monet
I have never sued a casino. The only time I went to court related to casinos was when I was trying to get a fine for defiant trespass dropped.
Of course I will wait to try to vulture, mainly because I think it's fun and I find it interesting to watch human behavior. I like seeing if I can correctly predict if they are going to leave or put more money in.
But, no, the nation is already in tremendous debt and continues to run a deficit. Don't get me wrong, if I absolutely needed the money to survive I'd have been the first one to sign up. Being able to eat is more of a fundamental principle of mine than not contributing to the federal deficit, after all.
Example, Muhammad Ali beats people to a pulp in the ring so he should have no problem killing people as a soldier in Vietnam
In this case, AP's show no problem taking money from big corporate casinos so how is it they don't want money from the big government.
Or if an AP has no problem vulturing a player then they must have no problem cashing out left behind funds in a slot machine. AP's see the difference but other people dont.
I see this kind of myopic blurred disconnect all the time
Once again, The stimulus money does not add to the national debt or need to be paid back by taxpayers.Quote:
Originally Posted by Mission146It takes an expert level troll to find fault with someone trying NOT to take Government money. I applaud your ingenuity.Quote:
Originally Posted by monetYou go to court to fight the Casinos over some trivial bullshit.Quote:
Originally Posted by Mission146
You will wait and observe players so you can vulture a few bucks.
However, you aren't taking any stimulus payments!?
I guess you got to draw the line somewhere.
I am sure AW and his wife do not qualify for everything.
Seems ironic to fly 3000 miles to take advantage of a promotion but won't take 600 dollars from their own taxes.
I have never sued a casino. The only time I went to court related to casinos was when I was trying to get a fine for defiant trespass dropped.
Of course I will wait to try to vulture, mainly because I think it's fun and I find it interesting to watch human behavior. I like seeing if I can correctly predict if they are going to leave or put more money in.
But, no, the nation is already in tremendous debt and continues to run a deficit. Don't get me wrong, if I absolutely needed the money to survive I'd have been the first one to sign up. Being able to eat is more of a fundamental principle of mine than not contributing to the federal deficit, after all.
Did it come from the COVID-fairy? In any case, there are better uses for the money than giving it to me.Quote:
Originally Posted by quahaug
I don't either, everyone is free to take it if they want to. I guess my point is that it would be disharmonious with my political philosophy to take it, they can use it do try to pay down the national debt. If we were running a surplus and had no debt, sure, I'll take as much as they would like to give me.Quote:
Originally Posted by AxelWolf
If they didn't give it to us, they'd just find some other nonsense to waste it on.
So in that case, I'd rather have it.
god bless are gubment
And I see this kind of mixed metaphoric drivel all the time - in bad writing.Quote:
Originally Posted by Darkoz
https://i.imgur.com/BMj7fCK.png
EvenBob is an tool.
Congrats, and good job!Quote:
Originally Posted by straightandhatingitgod bless are gubment
I'm sorry you feel threatened by me.Quote:
Originally Posted by MDawgAnd I see this kind of mixed metaphoric drivel all the time - in bad writing.Quote:
Originally Posted by Darkoz
https://i.imgur.com/BMj7fCK.png
Try writing true stories if you want to be believed by the forum members on here.
Personally if all you can AP is ketchup bottles (and the small size at that) I understand. We can't all make a successful career out of gambling
It would be okay, and few would challenge you if you weren't so sensitive about your past failures that you felt the need to boast about having a few benjies in your pocket and that you could afford to pay for many spring fling dinners. ;) All that makes you sound ridiculous and opens you up to contumely. You bring it on yourself!
We didn't resign ourselves to sleeping on the streets for years, and that you'd show to a social WOV event with a mask on (in pre-coronavirus times) proves that you fall into the mentally ill camp of the homeless population.
Still, stick to what you know. Whatever that might be, writing is well beyond your ken.
Just go back to your thread. Sorry no one hardly cares. It's pretty boring and untrue stories. It's like one big masturbation thread on how to fantasize about beating casinos and the stock market.Quote:
Originally Posted by MDawg
You should talk!Quote:
Originally Posted by Darkoz
You create threads about how Evil you are and how Evil your Family is and what Evil they do to each other.
They are basically long, boring, masturbation stories about you sleeping on couches and stealing money while riding buses.
When it all backfires, you create threads crying in detail, on public forums.
And you read them all?Quote:
Originally Posted by monetYou should talk!Quote:
Originally Posted by Darkoz
You create threads about how Evil you are and how Evil your Family is and what Evil they do to each other.
They are basically long, boring, masturbation stories about you sleeping on couches and stealing money while riding buses.
When it all backfires, you create threads crying in detail, on public forums.
I will be available for autographs next time I attend the Springfling
It came from the printing press and computer keystroke. Same thing as the "COVID-fairy".Quote:
Originally Posted by Mission146Did it come from the COVID-fairy? In any case, there are better uses for the money than giving it to me.Quote:
Originally Posted by quahaug
Then the printing press and computer keystroke can pay down an infinitesimal portion of the national debt rather than give me money I don't need.Quote:
Originally Posted by quahaug
It will whether you take it or not.