EIDL Grant is now CLOSED & Second Stimulus Check UPDATE! The FREE $10,000 SBA EIDL Grant has been CLOSED! What does that mean? Can you still get the SBA EIDL Loan? Can I still apply for the Paycheck Protection Program? Well, I breakdown everything here and unpackage what you need to know in regards to the EIDL Grant, the Paycheck Protection Program, and I also give an update on the Second Stimulus Check and what you can expect! RIP to the free $10K EIDL Grant 😭 But you can still apply for the EIDL loan, which still needs to be paid back and can not be forgiven. 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Landlording Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com Just as a quick refresher as to what you can actually use the EIDL Loan for general operating expenses; utility costs, lease for your office space, mortgage payments, payroll, inventory obligations. But you CAN NOT use the EIDL Loan for expanding business, buying a franchise, buying any fixed assets, or can't use the money to actually payoff your mortgage. EIDL Grant Questions Answered + Hidden Process https://youtu.be/keySGMPvRjU If you applied for the EIDL Grant before July 12, 2020, I think you will be safe and still in consideration for the free $10,000 EIDL Grant. However, if you are just submitting for that now, you may have missed the chance for the free $1k-$10k EIDL Grant but you will still be considered for the EIDL Loan! Moving on to the Paycheck Protection Program, it is STILL OPEN but with just how the EIDL Grant just closed, you can expect the same thing to happen to the Paycheck Protection Program, so if you plan on applying for the PPP, DO IT NOW! And don't forget the PPP is open to people who are self-employed and rumor has it, the entire funding can be forgiven completely, just make sure to verify with your lender beforehand! NOW! The Second Stimulus check update! So the HEROS act has been shot down in the Senate and by President Trump. BUT the Senate is working on a second stimulus check program that COULD be given out. And within the second stimulus check guidelines, if you make less than $40,000 a year, you could qualify for a second stimulus check. And even on the White House side, President Trump is in favor of a second stimulus check. Now for the unemployment checks, for one, they are set to expire at the end of July. But there may be another extension signed into law by Congress and the Senate here shortly with a smaller amount. But others have speculated that it could be mandated by the State of residence. 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)😃 Thanks for Subscribing & Liking our Video! #EIDL #secondstimulus #EIDLgrant ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.