What business owners need to know about PPP and EIDL. What's next?
04/21/20 • 52 min
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Episode 138: Credit expert Gerri Detweiler explains the Payroll Protection Program, Economic Injury Disaster Loans, and how to be prepared when Congress approves additional stimulus.
Gerri Detweiler is a leading, nationally recognized financing and credit expert, with more than 20 years of experience. During the 2008/2009 financial crisis, Gerri was interviewed hundreds of times, providing insightful expertise and actionable advice for traversing the turbulent landscape and unknown change. Today, she serves as Education Director for Nav, the trusted financing partner of over 1.2 million businesses, where she gives Nav’s customers certainty in an uncertain world through expertise and actionable advice.
In this episode, you'll learn:
- An overview of The Coronavirus Aid, Relief, and Economic Security (CARES) Act, PPP, and EIDL loan programs.
- What you should be doing to prepare for the next round of small business stimulus.
- Additional programs that you might explore.
Show notes: http://www.inspiredmoney.fm/138
Find more from our guest:
Mentioned in this episode:
- Book: Finance Your Own Business: Get on the Financing Fast Track
- www.kiva.org/borrow
- https://wefunder.com/loans
- www.seedinvest.com
- www.score.org - Coronavirus Small Business Resource Hub
- America's SBDC - COVID-19 Small Business Resources
- www.nav.com/blog
Runnymede Money Tip of the Week
- How the CARES Act affects your retirement accounts (hardship loans and RMD waivers)
To share your thoughts:
- Leave a note in the comment section below.
- Share this show on Twitter or Facebook.
- Join us at the Inspired Money Makers groups at facebook and LinkedIn
To help out the show:
- Write a review at Podchaser! Reviews4Good: Every Review & Reply on Podchaser sends 25 cents to Meals on Wheels
- Leave an honest review on Apple Podcasts. Your ratings and reviews really help, and I read each one. Email me your address, and I'll mail you an autographed copy of Kimo West and Ken Emerson's CD, Slackers in Paradise.
- Subscribe on Apple Podcasts.
Special thanks to Jim Kimo West for the music.
Episode 138: Credit expert Gerri Detweiler explains the Payroll Protection Program, Economic Injury Disaster Loans, and how to be prepared when Congress approves additional stimulus.
Gerri Detweiler is a leading, nationally recognized financing and credit expert, with more than 20 years of experience. During the 2008/2009 financial crisis, Gerri was interviewed hundreds of times, providing insightful expertise and actionable advice for traversing the turbulent landscape and unknown change. Today, she serves as Education Director for Nav, the trusted financing partner of over 1.2 million businesses, where she gives Nav’s customers certainty in an uncertain world through expertise and actionable advice.
In this episode, you'll learn:
- An overview of The Coronavirus Aid, Relief, and Economic Security (CARES) Act, PPP, and EIDL loan programs.
- What you should be doing to prepare for the next round of small business stimulus.
- Additional programs that you might explore.
Show notes: http://www.inspiredmoney.fm/138
Find more from our guest:
Mentioned in this episode:
- Book: Finance Your Own Business: Get on the Financing Fast Track
- www.kiva.org/borrow
- https://wefunder.com/loans
- www.seedinvest.com
- www.score.org - Coronavirus Small Business Resource Hub
- America's SBDC - COVID-19 Small Business Resources
- www.nav.com/blog
Runnymede Money Tip of the Week
- How the CARES Act affects your retirement accounts (hardship loans and RMD waivers)
To share your thoughts:
- Leave a note in the comment section below.
- Share this show on Twitter or Facebook.
- Join us at the Inspired Money Makers groups at facebook and LinkedIn
To help out the show:
- Write a review at Podchaser! Reviews4Good: Every Review & Reply on Podchaser sends 25 cents to Meals on Wheels
- Leave an honest review on Apple Podcasts. Your ratings and reviews really help, and I read each one. Email me your address, and I'll mail you an autographed copy of Kimo West and Ken Emerson's CD, Slackers in Paradise.
- Subscribe on Apple Podcasts.
Special thanks to Jim Kimo West for the music.
Previous Episode
From product idea to $4.2 million seed round with Roybi's Elnaz Sarraf
Episode 137: Founder and CEO of Roybi, Elnaz Sarraf talks about launching an ed-tech company from lean years to raising a 4.2 million seed round.
Guest Biography
14 years ago, Elnaz Sarraf moved to the US from Iran. From a very young age, her parents made sure that she learned to paint, speak English, play music, and even how to assemble a computer. Her diverse education sparked her interest in both the arts and technology. In Iran, she majored in fine arts and software engineering at the Science and Technology University in Tehran. Before ROYBI, she co-founded and led a consumer electronics company, iBaby, serving as the company's President launching into more than 5,000 storefronts globally and making the baby monitors one of the most coveted products. As an immigrant and a female founder, Elnaz has received honors including being selected as NASDAQ Entrepreneurial Center Milestone Maker 2018, named the Woman of Influence through Silicon Valley Business Journal in 2016, and Entrepreneur of The Year in 2016 in Silicon Valley. She has been a speaker at Mobile World Congress, ASU GSV Summit, SXSW, and is on the board of Consumer Technology Association, Small Business Council, the producer of CES.
In this episode, you'll learn:
- How Elnaz built an education technology company from the ground up in less than 3 years.
- The amazing story of raising significant money from investors with just an early prototype.
- The importance of making a positive impact on the world by helping children.
Show notes: http://www.inspiredmoney.fm/137
Find more from our guest:
Mentioned in this episode:
- Roybi Robot on Digital Trends
- Time for Kids Cover Story
- CNBC One of the World's Most Promising Startups
- 2-XL Robot
- Inspired Money ep 101 - Thousands of Meaningful Conversations with Engel Jones
Runnymede Money Tip of the Week
Thanks for Listening!To share your thoughts:
- Leave a note in the comment section below.
- Share this show on Twitter or Facebook.
- Join us at the Inspired Money Makers groups at facebook and LinkedIn
To help out the show:
- Write a review at Podchaser! Reviews4Good: Every Review & Reply on Podchaser sends 25 cents to Meals on Wheels
- Leave an honest review on Apple Podcasts. Your ratings and reviews really help, and I read each one. Email me your address, and I'll mail you an autographed copy of Kimo West and Ken Emerson's CD, Slackers in Paradise.
- Subscribe on Apple Podcasts.
Special thanks to Jim Kimo West for the music.
Next Episode
Creating Value and Duplex Real Estate Investing with Darren Sager
Episode 139: Real estate investor, entrepreneur, and licensed real estate agent, Darren Sager talks mentors, entrepreneurship, and investing in duplexes in New Jersey.
Guest Biography
Darren Sager is a real estate investor, entrepreneur, and licensed real estate agent in New Jersey. He is currently an agent with EXP Realty, and works with other real estate investors. Darren learned early in life that working for someone else wasn't the answer for achieving financial success. He also facilitates the meetup group REI Rockstars.
In this episode, you'll learn:
- Taking risks and finding an unlikely mentor
- We'll learn about duplex investing and ways to add value to a property
- Since Darren is in an expensive market like New Jersey, he talks about the 1% rule of real estate investing.
Show notes: http://www.inspiredmoney.fm/139
Find more from our guest:
- https://darrensager.exprealty.com
- https://nj.exprealty.com/agents/57986/Darren+Sager
- reiagentnyc [at] gmail.com
Mentioned in this episode:
- Roy White
- Darren's profile at Bigger Pockets
- Gary Vee - How Netflix Killed BlockBuster
- www.themodelexplained.com
- Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker
- The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael Gerber
Runnymede Money Tip of the Week
- Saving and investing during COVID-19
To share your thoughts:
- Leave a note in the comment section below.
- Share this show on Twitter or Facebook.
- Join us at the Inspired Money Makers groups at facebook and LinkedIn
To help out the show:
- Write a review at Podchaser! Reviews4Good: Every Review & Reply on Podchaser sends 25 cents to Meals on Wheels
- Podchaser and Libsyn Teaming Up For Some #Reviews4Good Love!
- Leave an honest review on Apple Podcasts. Your ratings and reviews really help, and I read each one. Email me your address, and I'll mail you an autographed copy of Kimo West and Ken Emerson's CD, Slackers in Paradise.
- Subscribe on Apple Podcasts.
Special thanks to Jim Kimo West for the music.
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