Sba Form 58: Fill & Download for Free

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PDF Editor FAQ

What is your opinion given that Mnuchin and Trump are insisting on a $500 billion corporate slush fund be included in the coronavirus stimulus package, yet without accountability, rules, and no oversight? Can we trust it will be used wisely?

I don’t think slush fund is a strong enough word. Dems seize on 'slush fund' to oppose Republican rescue package It’s is a massive and unprecedented giveaway to Large Corporations. I was in favor of TARP - it was the right thing to do even if unpopular it saved economic contagion from credit freezes and the government was re-paid. Unlike that which kept major industries from failing this appears geared to prop up corporate profit numbers and inflate stock prices artificially.Compared to what they are doing with the SBA and Small Business Disaster Assistance it is an absolute giveaway. If you accept an SBA small Business Disaster loan under Corona you can only use it for payroll, rent, employee benefits and about 7 or 8 other things directly related to work pay. IT can’t be used to refinance debt or purchase inventory / equipment - Large Corporations under this plan could use federal dollars for just that.The bill as written - as I said Slush is too gentle a word, includes some provisions and restrictions on Large Corporations use but all of them are waiver-able by the Treasury Secretary at his sole discretion - and their is no crieria on what he excuses them for. More than that the 4 Trillion in Bond purchases is absolute robbery. That’s going to prop up Corporate Bond prices to record levels - It’s really good for investors who will buy them and bond funds. Also it’s simply too indiscreet - the size is based on industry not on class. Yes the Airlines need 58 Billion (by their own request) the Hotel industry needs 50 Billion by their own request. the restaurant industry does too but most family held restaurants are small not large businesses. There is 350 Billion in this Bill that could be best labeled as miscellaneous solely at Treasuries discretion.…..I get the need to move quickly and “do-something” but this is so ripe for abuse it’s begging for it.

Where does a self-employed person who pays taxes once a year [not quarterly] go to file for Stimulus money after receiving the UC-58 Form that reads "There is no record of covered employment or wages in your base period."?

What stimulus program are you applying for? That’s where you go, to the bank or SBA or other party handling the program you want to apply for. But if you’re not in business, you can’t apply for any of them.You have to be able to prove you’re eligible.

Why is Mnuchin asking big companies to return an SBA loan? Why weren't companies vetted when they applied for the loans to determine if they were a small business?

THE CORONAVIRUS CRISISSmall Business Rescue Earned Banks $10 Billion In FeesThe banks took in fees for processing loans that required less vetting than regular loans and carried little risk, while thousands of small businesses were shut out of the program.LISTEN· 3:58Add toPLAYLISTEmbed

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