[RickFLM4]

I waited until cash hit my account before posting...

I submitted an application for EIDL back in March. I later got an email telling me the max grant would be $1K / employee up to $10K rather than a flat $10K. As a sole proprietor I assumed that meant I might get $1K but would probably get nothing. More time went by, I heard nothing and figured the funds were probably exhausted.

Anyway fast forward 2 mos. and I got zero grant but qualified for a good sized loan. I took about 60% of what they offered. Not forgivable but repayable over 30 years @ 3.75% interest beginning in June 2021. Funded today and moved into an MMA to sit there for working capital as some clients have been slow paying. Other than slow pays business has held up mostly ok for now but not sure what lies ahead. So having the extra cash just in case is good. I can prepay with no penalty if I so choose to do so.