Eidl-Sba 10K Approval Method
Uploaded by
GlendaEidl-Sba 10K Approval Method
Uploaded by
GlendaEIDL/SBA 10K
APPROVAL METHOD
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Step
Go to the following website on Monday morning (this might change tho... I
recommend you bookmarking this page and checking it regularly)
Site: https://www.sba.gov/
Step
When you arrive at the application section, choose the box that states the
following “APPLICATE IS AN INDIVIDUAL OR SOLE Proprietorship....)
Step
On the next page: there will be a few boxes you need to read and check... they
should all be checked in checkmarks before going to the next page.
Step
Now when it asks for BUSINESS NAME - input your first & last name.
For YOUR TRADE NAME - input your first & last name.
For the EIN/SSN FOR SOLO PROPRIETOR - input your social security number.
In ORGANIZATION TYPE - input individual or sole proprietor etc.
In IS THIS A NON PROFIT ORGANIZATION? - input No
In IS THIS A BUSINESS FRANCHISE? - input No
Step
Now for the gross revenue for the last 12 months - input anything over $150k
Step : Cost for goods - input anything over $50k but make sure it’s lower then
your gross revenue
Step : rental properties lost revenue - input anything under 35k
Step :
Non profit costs etc - leave this box blank
Step :
The annual cost of operations etc - input anything over 50k but make sure it’s less
then your gross revenue.
Step : list the secretory social security etc - leave this box blank.
Step : compensation from other sources etc - leave this box blank.
Step : brief description of other sources etc - leave this blank.
Step : input your business address as your mailing address weather it’s your
house or PBO but don’t input a PO Box.
Step : Input your email address - make sure it’s a valid email.
Step : business activity- input anything to do with consulting or sales or
business information.
Step : NOW THIS IS THE MOST IMPORTANT PART - where it says number of
employees - input anything over 10... don’t put just 10... put anything over 10.
This is what will get you the 10k without any issues.
Step : on the next page - there’s a box that asks you if this business is owned
by another business... make sure to check NOOOOO.
Step : now input your personal information like your Name, Addy, SSN
(make sure it’s the same as the front page we fill above) phone number.
Now where it asks you title - input CEO OR FOUNDER.
Step 18: your going to be asked a bunch of questions so here’s how you answer
them correctly:
Question #1 = No
Question #2 = No
Question #3 = No
Now where it says IF SOMEONE HELP YOU WITH THIS APPLICATION etc - leave
this whole area blank.
Step : NOW NOTE — THERES GOING TO BE A BOX THAT ASKS DO YOU
WANT TO RECEIVE A GRANT OF 10K... CHECK THAT BOX
Step : Now it’s going to ask you to input your banking information like bank
name, routing and account number — MAKE SURE YOU DOUBLE CHECK THIS INFO
BEFORE SUBMITTING BECAUSE YOU CANT CHANGE THIS AFTER YOU GET YOUR
CONFIRMATION NUMBER.
Finally you confirm the captcha and review your information and that’s it...
MAKE SURE TO SCREENSHOT YOUR CONFIRMATION NUMBER AND KEEP IT FOR
YOUR RECORD INCASE YOU NEED TO FOLLOW UP WITH THE SBA ABOUT YOUR
10K.
