THE SBA HAS RELEASED THE FOLLOWING UPDATES (PLEASE NOTE ALL THAT FOLLOWS IS FROM THE SBA). On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). […]
About Stephen Reh MBA CFA® CFP®
Small Business Help – EIDL and PPP
There are two programs for small business owners, the EIDL loan/grant and the PPP (payment protection plan) loan. Both offer assistance for small businesses. Information is coming out rapidly and the details do seem to be changing slightly as it comes out. EIDL – Economic Injury Disaster Loan This loan is taken out directly from […]
Cares Act
Congress has passed the Cares Act. (link below to full text) https://www.congress.gov/bill/116th-congress/senate-bill/3548/text There are many items that could affect you and I will be crafting a longer analysis of items that may impact you and those you know. Here are some highlights: 1) Individuals making under $75k AGI in 2019 will received $1,200 payment, […]
Corona Virus – Market Update
Today saw the largest one day drop since 1987 as fear of the corona virus hit the markets. Most market indexes are now down 20% from their high which is what qualifies as a market correction. In 1987, the market dropped over 22% on what is referred to as “Black Monday”. When Was the Last […]
Mortgage Rates Likely to Drop
10 Year Treasury Approaching 1% could result in lower 30 year mortgage rates in history The 10 year Treasury Impacts the 30 Year Mortgage The rates on the 10 year treasury bond is linked closely to 30 year mortgage rates. The simple reason is that mortgage bonds (bonds issued by quasi government entities Fannie and […]