This video is a replay of a Webinar that discusses the Paycheck Protection Program (PPP) and Emergency Injury Disaster Loan (EIDL) options for Real Estate Agents, Realtors and Brokers.
The following questions are answered:
1. What programs are available under the CARES Act (overview of PPP & EIDL)?
2. Where can we find information on the programs available?
3. What should we be doing (or avoiding) now in business to help maximize the loan and forgiveness amount?
4. What is forgiven for Realtors and 1099 Independent Contractors?
5. What time period should borrowers use to determine their payroll costs to calculate the maximum loan amount?
6. What documentation should we prepare when submitting the application?
7. For a W2 employee – like a loan officer, whose hours or commission have decreased, what is the best recourse?
8. Is the forgiven income taxable?
9. Does filing for unemployment affect my ability to qualify for the loan?
10. When will the funds be disbursed?
11. Are there costs to apply to the SBA loan?
12. Is it better to apply through a local bank taking new applications, do they require a banking relationship?
13. What are the advantages and disadvantages of the PPP vs. EIDL, and which one will be best for Realtors?
14. Do expenses for Real Estate Invest Properties qualify for the loan and forgiveness?
15. Where do we apply?
This webinar was made possible because of the West Broward Chapter of the National Association of Hispanic Real Estate Professionals (NAHREP) and their sponsors. http://nahrepwestbroward.org/
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