This video is for Real Estate Agents, Realtors and Brokers and explains the Paycheck Protection Program (PPP) and Emergency Injury Disaster Loan (EIDL). I also answer the following questions:
1. What are the PPP and EIDL programs and why should I care about them?
2. Do Real Estate Agents/Realtor qualify? Who does not qualify?
3. Where can we find information on all of the programs available?
4. What should we be doing (or avoiding) now in business to help maximize the loan and forgiveness amount.
5. What time period should borrowers use to determine their payroll costs to calculate the maximum loan amount?
6. What is forgiven for Realtors and 1099 independent contractors?
7. What documentation should we prepare when submitting the application?
8. Is the forgiven loan amount taxable?
9. Should I apply for PPP or EIDL? Can I apply for both?
10. Can I apply for EIDL if I have investment real estate?
11. Where do I apply?
Take what you learn from this video and ask your legal or tax professional all of your specific questions. If you want to contact me, my information is below.
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