Linda Rey and Trevor

Linda Rey and Trevor

@eidlconsulting.com

We discuss what small business owners can expect from the SBA's very dysfunctional Economic Injury Disaster Loan (EIDL) programs, including the COVID PROGRAM and the Natural Disaster Loan program. We try to make it fun because we know how painful it is.

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Linda Rey and Trevor reposted

WEIRD I thought they hated EVERYTHING BIDEN DID. BIDEN made the SBA administrator part of the cabinet. #KellyLoeffler is a failed business owner running the Small Business Administration and wants you to believe Trvmp was so wise & supportive to put her on the cabinet. youtube.com/shorts/gUmwj...

youtube.comKelly Loeffler Put Out the Cringiest Trump Video Yet 🤣YouTube video by Reese Waters

Linda Rey and Trevor reposted

I'm not trying to be coy. We get the emails EVERY DAY. Damage is usually done by the time they come to us. It doesn't have to be that way.

Linda Rey and Trevor@eidlconsulting.com

I'M NOT trying to be coy but we've seen this THOUSANDS OF TIMES. youtube.com/shorts/W2fW3...

When someone gets the difference between: 1. Too expensive 2. I can't afford you When people ask for expert help and expect it for free, they're not running a business, they have an expensive hobby. When they say, “You’re too expensive,” we reply "Compared to what?" and then we wait. haha

If you want to make sure you're supporting a PRO-DEMOCRACY BUSINESS OWNER, you found us!! haha

20% OFF ALL MERCH through June 9th. Get gifts for those creative entrepreneurs and business owners INCLUDING but not limited to Dad's day, Graduations, birthdays etc... Badass Business Banter Make GOOD MISTAKES If It's Boring, You're Doing it Right auroraconsulting.myspreadshop.com

🧵 1 of 4 This comment from a viewer…telling us our videos are all about sadness, made me sad. Not because they’re right. (They’re not.) But because it reveals a glaring lack of situational awareness. We’re here talking about real issues affecting real small business owners...

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4/ we’re here trying to arm you with facts that no one else is talking about, so you can protect your business and your future. If that feels like “sadness” to you, maybe it’s worth asking: a. Is it sad? or b. Is it just true and uncomfortable? #COVIDEIDL #SBAEIDL

🧵 1 of 4 This comment from a viewer…telling us our videos are all about sadness, made me sad. Not because they’re right. (They’re not.) But because it reveals a glaring lack of situational awareness. We’re here talking about real issues affecting real small business owners...

2/ ...dealing with the aftermath of government lending programs that were poorly executed and are now confusing AF to navigate. But here’s the reality: Most people these days only engage when content falls into one of two buckets:

Linda Rey and Trevor reposted

It was fun editing this. TREVOR was literally losing his mind all over the place in today's EIDL CHATTER. If you know a business with a COVID EIDL, please share this.

Linda Rey and Trevor@eidlconsulting.com

When businesses need a govt agency (SBA) that supports them, we're flying solo with no net. All SBA knows how to do is echo DOGE BS. The COVID EIDL program is a disaster. Businesses are going out of business. We have a limp CONGRESS doing NOTHING for WE THE PEOPLE. youtu.be/Xfp5Cf-GIRg

We coukd mirror that statement and say, WE THE PEOPLE thought the GOP would recognize that their leader is a vile greedy corrupt felon POS. So there’s that.

Note. She’s also the chair of the SENATE SMALL BUSINESS and entrepreneurship committee. We’ve followed her closely at @eidlconsulting.com and she’s causing a lot of folks to go out of business because of what she’s demanded of the SBA. SBA needs more funding and support…NOT LESS.

Linda Rey and Trevor reposted

Linda Rey and Trevor reposted

𝑱𝒐𝒊𝒏 𝒖𝒔 𝒇𝒐𝒓 𝒐𝒖𝒓 𝒏𝒆𝒘𝒆𝒔𝒕 𝒔𝒆𝒓𝒊𝒆𝒔 𝒍𝒂𝒖𝒏𝒄𝒉𝒊𝒏𝒈 𝑱𝒖𝒏𝒆 𝟏𝒔𝒕. We often approach business with logic and strategy. But what if we added a touch of intuition? Let’s explore how understanding potential pitfalls—without necessarily experiencing them—can guide us to make better decisions. 1 of 7 🧵

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6/ We’re sick of hearing that and yet Congress ignores SBA as a valid agency to support small business. They deserve an SBA equipped to support them effectively, especially given the tens of millions of constituents that need a competent agency to support and protect them.

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4/ ...business closure. These examples highlight systemic issues within the SBA that hinder small business recovery. This regime has blatantly demonstrated their pursuits to enrich themselves vs. protect the people who pay their salaries.

5/ Congress must act to provide the SBA with adequate funding and oversight to modernize its systems, improve communication, and offer flexible solutions for borrowers. Too many politicians campaign on small businesses being the “backbone of our economy.”

2/ While these loans were crucial during the pandemic, many borrowers now face significant challenges in repayment. Issues such as outdated technology, poor communication, and rigid policies have exacerbated their struggles. For instance, the SBA’s sudden termination of the...

3/ Hardship Accommodation Program left many without recourse. Some businesses, despite making payments, found their loans sent to collections due to administrative errors. One client, aiming to modernize equipment, was denied permission to reinvest proceeds from a sale, leading to...

ERTC ALERT!!! Employers DO NOT have to amend old tax returns if they received ERC. Instead, the IRS said to report the credit as income on the return for the year the refund was received. 🧵 1/ This is not tax advice. Consult with your CPA. www.irs.gov/coronavirus/...

irs.govFrequently asked questions about the Employee Retention Credit | Internal Revenue ServiceThese FAQs provide general information about eligibility, claiming the credit, scams and more guidance about the Employee Retention Credit.
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3/ The IRS paid the claim to Business A in 2024, so Business A received the benefit of the ERC but hasn’t resolved its overstated wage expense on its income tax return. Business A does not need to amend its income tax return for tax year 2021.

ERTC ALERT!!! Employers DO NOT have to amend old tax returns if they received ERC. Instead, the IRS said to report the credit as income on the return for the year the refund was received. 🧵 1/ This is not tax advice. Consult with your CPA. www.irs.gov/coronavirus/...

irs.govFrequently asked questions about the Employee Retention Credit | Internal Revenue ServiceThese FAQs provide general information about eligibility, claiming the credit, scams and more guidance about the Employee Retention Credit.