Any Brokers Get The SBA C-19 Loan / Grants ?

Real Estate Broker/Owner with Antonelli Realty 3137972

      Just wondering if anyone has been successful in getting one of these loans / grants from the SBA, due to the C-19 pandemic. 

I filled out the app when it was announced, probably a month ago now and just got the call.

I understand that for one of these loans you have to spend the money on payroll and other business expenses. In order for then to convert it to a forgivable grant. 

Brokers, how many of you have obtained one of these packages and what do or are you, going to show to get it to a forgivable grant?

Is it something that my accountant needs to do? Are there accountants out there that have experience with this, that dont want a 1/3 of the pie?

Just wondering.

Thanks in advance

Comments (3)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

We received our PPP monies some weeks ago. We did everything with close cooperation with our accountant to not run afoul of requirements.

May 25, 2020 06:18 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I have worked with my accountant and the bank - you definitely need to keep rigorous paperwork!

May 25, 2020 06:34 AM
Roy Kelley
Retired - Gaithersburg, MD

I hope all is going well for you. 

Take care, be safe and have an outstanding month.

Aug 15, 2020 05:29 AM