Trust Information from Official Sources

Like these guys are definitely overwhelmed and it’s going to be a state by state issue. Unemployment insurance is a state by state thing and they were told that they could do PPP and unemployment insurance. So I think that if you want to be safe, probably don’t double dip. But if you get confirmation from some official source and especially if you have it in writing, then it’s probably a go.

Logan Allec: Yeah. That, that usually tends to be the case. Although I have found that when you call people on the phone, whether it’s the IRS or state agencies sometimes they do say things or even email things that if it’s in conflict with some other official guidance, the state or the IRS would say that what they said is to be taken as less authority than the official guidance. But generally if you have an email or something like that it can, it can really help your case. Some states are more aggressive than others.

Logan Allec: There’s a lot of those fintechs, you know, there’s like Lendio. I personally used Cabbage. I submitted my application, in the evening time and the next morning I got the email that it was approved. So recently or, yeah, it was recently. So for the PPP, a lot of people thought that the money’s running dry, but don’t be discouraged if you haven’t applied yet.

Harry Campbell: On last week’s YouTube live with Jay, one of my senior contributors, we talked about Lendio, he applied through Lendio and hasn’t gotten his PPP loan yet, but they do seem to be quickly processing. And I did kind of make a joke that I hope that they reach out to me and sponsor the video. I think I tweeted them nothing yet, but I’m hoping that maybe they can come back to me.