Like a lot of America, I read the copy of Mary Trump’s new book, “Too Much and Never Enough” this past week. It’s the story of President Trump’s family.
But I read it a little differently.
Face it, I live and breathe tax law and strategies. I tend to look at stories like this a little differently.
How did Fred Trump, President Trump’s dad, go from a basically broke immigrant to a multi-millionaire? Maybe it won’t surprise you to find out how, but here’s the part that IS surprising.
You Can Do the Same Thing as Long as You Act RIGHT NOW
There is a narrow window of opportunity right now for anyone who had a business in 2019. ANYONE can get this.
There are two programs that I talk about in CoronaTax HYPERLINK TO BOOK.
The window of opportunity is closing. Don’t wait too long!
Government Programs You Need NOW
These are the PPP, which gives your business FREE money! and the EIDL which is the best loan your business will ever get.
Don’t use your credit cards. Don’t get stuck with high interest short term loans. Let the government give you an amazing 3.75% interest loan with a 30-year term.
The PPP is just about to expire, so you need to ACT NOW. The two FinTech companies that are working right now the fastest look like Bluevine.com and Kabbage.com.
If your business hasn’t gotten its PPP loan yet, don’t miss out!
The PPP loan isn’t complicated, as explained in CoronaTax:
“The PPP loan proceeds may be used to cover payroll, mortgage payments, rent, utilities and any other debt service requirements. You do need to spend 60% or more of the money on payroll.
Once you receive your funds, the clock starts running. The money you spend in accordance with the rules in the first 24 weeks is forgiven.
That’s right. The amount becomes a tax-free grant. No tax. No payback”
Don’t wait too long! The final date for PPP funds is 8/5/2020, but the lenders will likely close off applications before that.
The second program is the EIDL. There was a grant portion ($1,000/employee up to $10,000) but that has now run out. The loans are still available.
And what a loan it is. It’s 3.75% fixed and 30 year full amortized. THIS is how the big boys make money in businesses. They borrow it cheap like this and then use it in their business to survive the bad times and grow.
You apply for that with the SBA.
Don’t miss out! THIS is how the big boys make money, using cheap government money to build. THIS is how Fred Trump built his empire. Cheap government money.
It’s your turn.
Need more info? Pick up your copy of CoronaTax. When you buy this edition, you’ll get an invitation to the private CoronaTax VIP group plus have a discount for 75% off on subsequent editions.