Transcript
Speaker: Hello, good day to everyone. Today, I would like to... I want to talk about a phone call. They called recently. still a friend That is... I thought it would be better to share these topics with you because they interest everyone.
Speaker: Konu.
Speaker: EIDL provided by the SBA. Yani... It was about the payment of the money given during the Covid period.
Speaker: How do we do this? about payments. What should we do if there is a problem? We have a problem with payment. We can't make money like before.
Speaker: We can't make payments because we can't make money.
Speaker: the subjects There was a phone call. I will show you this with you. I want to share. We will enlighten you on this subject. Friends, first of all You already know the subject.
Speaker: 30 years old. 75 from 3 wheels. The interest rate will be 3 .75. veryland here. There was a loan. And these credits From regular SBA side...
Speaker: For people who can't get out of their homes during the Covid period,
Speaker: It was given. And so... People... He could not earn money. in a way
Speaker: Uh... They were able to continue their family life. They did not have to close their business. The 30 -year payment period... It was set to start 24 months later.
Speaker: Then this 24 -month period... It was extended to 30 months. for 30 months. You can pay, you can continue without paying After 30 months...
Speaker: monthly payments, You can do it. işlemler. It was starting. After 30 months... Again, for those who have problems paying...
Speaker: First... 6 months. %10 You can pay 10 % of amount that needs to be paid. It was easy to pay.
Speaker: SBA. 30 months... After that, 6 months After paying 10%, Boo! % Onluk oran.
Speaker: use that was taken out to 50. It was around 50%.
Speaker: After around 50 percent, a payment was made for another 6 months. Then it was reduced to 70 percent.
Speaker: After 70 percent... After six months, you have to start paying 100 percent.
Speaker: denildi. Now... Whoa. At this stage... Everyone has benefited from this. Those who want to benefit have benefited. You see... Karip tarafı... Everyone had to follow it.
Speaker: There were web pages. They would pay monthly. had to be adjusted by themselves. Ayraca The monthly payments... They had to do the adjustment themselves around 10%, 30%, 50%.
Speaker: At this point, many people Unfortunately... These settings... Either he couldn't do it They didn't have any news either. He didn't know. They didn't because they didn't know.
Speaker: Therefore, For example, I bought another phone 6 months ago. a person who does not pay to make these payments. that is, because he does not enter the Payments have not been made for 6 months.
Speaker: After not being done for 6 months
Speaker: I will explain this in more detail in a moment. But in short, I'm telling you to tell you about that meeting.
Speaker: After 6 months, IRS I mean SBA After 6 months, SBA This friend's his account. on up to the treasury Transferred.
Speaker: In the Treasury Department, ah This guy's... I don't know if they have reached or not.
Speaker: enter the bank account All the money... It was around $76 ,000, if I remember correctly. around $76 ,000. Putter here. per a year Borgina.
Speaker: In return... They shot. And they closed the file. When he called me, he was out of business.
Speaker: When I went to the Treasury Department, there was nothing to help me. Now from there... It is very difficult to get the money back.
Speaker: Uh... So there is nothing to do. Deep. You don't even have look. Do you matter? When you go to the Treasury Department, you have to pay extra. use the There is a penalty of around 30. I'll show you details of this in a moment. I will explain.
Speaker: Yes. So monthly payments... When it is calculated, it is 10 percent. Around 50 % of them. After the adjustments are made and after that time is over, now IRS Pardon.
Speaker: Now SBA Automatic This figure... started to receive monthly payments.
Speaker: With a new system layer With a new thing again. For 6 months Around 50 percent. 50 % discount. debt payment system. in He did.
Speaker: But the process that needs to be done for this is For the process that should be done around 50%. You need to apply again. While making this application,
Speaker: Unfortunately, you need to have a certain criterion. plus Apart from this crater, What you need to do is In 6 months,
Speaker: What kind of process will you do? your company returns to normal high in a duno the monthly payments will be made clearly.
Speaker: You need to specify this. After that, If it is approved... Your credit, your payments Tekrardan 50 % for 6 months. You can continue by paying.
Speaker: Now, We need to point out a small point.
Speaker: it When it starts, 24 months without payment Then the one that does not pay for 30 months In this SBA credit... in there Every month we do not pay Yeah, I need Let's say we have to pay 100 dollars a month, we have to pay 1000 dollars, whatever we have to pay.
Speaker: Every month we don't pay
Speaker: of our normal debt It is added on top. And... When it is added... Normal.
Speaker: Friends because of the sound a little bit I will make you wait.
Speaker: That's done. Okay.
Speaker: I don't know if I should turn it off.
Speaker: Well done! Where did this come from?
Speaker: Yes.
Speaker: Let's continue. Every month we do not pay So 24 months. First 24 months, then 30 months. Every month we do not pay Normally... Let's say 100 thousand dollars.
Speaker: He said, This is 100 thousand dollars. Every month we don't pay... Miktarı This was added over $100 ,000.
Speaker: that It was working as interest. Yani... If you haven't paid anything for 24 months 100 ,000 dollars. If you took it as a loan. I'm giving you an example of what you pay in a month. Let's say $ 250.
Speaker: This is 250 dollars per month. It adds up to $100 ,000.
Speaker: The interest rate is added at 3 .75 per year. In other words, after 24 months... When you enter your account to pay $ 100 ,000 Not $100 ,000 but...
Speaker: your payment debt Actually... You see that it is 105 thousand dollars.
Speaker: I said, yeah. yapılan Yapilmayan payments. It is not canceled. It is added to your debt.
Speaker: Buddha This is the credit report. This is the credit we have received. It affects. You can pay this earlier. All of them. ...by paying...
Speaker: You don't have to make $100 ,000 $105 ,000.
Speaker: By paying too much, your credit... You can lower it. You can pay quickly. But after all, it is a 30 -year -old car. uh... Credible. and from 375 for 30 years. ödeniyor.
Speaker: Peaky. One of the topics we discussed with my friend was... What happens if we don't pay? What happens when it is not paid? We were talking about that. If the IAEA...
Speaker: If you do not pay the file... It does not operate on your credit report.
Speaker: Fuck that. From the point of view of SBI Now... Credits. It gets worse. but After a certain point...
Speaker: Bunker Because the SBA itself acts as a bank. After a certain point,
Speaker: What you have bought Credit from SBA. then Treasury Department. It is sent. going to the Treasury Department i get done Bye -bye.
Speaker: 30 percent punishable for you. returns. If you bought it for $ 100 ,000 going to the Treasury your debt $130 ,000.
Speaker: with its punishment. When it is $ 130 ,000,
Speaker: Treasury means IRS by the way. When it is $ 130 ,000, they will want to deposit this money from you. When they want to collect this money, season You have money.
Speaker: They are yoke. I don't know. <unk>a Now you are with the Treasury. Uh... sit down Offering Compromise the elizabeth system. you start to work.
Speaker: often and compromise that. Yani... A kind of agreement. Let's say the method. When you go to an agreement season. Your debt of 100 ,000 dollars... $130 ,000.
Speaker: You are starting to market for $ 130 ,000.
Speaker: I can pay for it. with GMM. If I pay... How much should I pay? use that And... Let's say it dropped 50 percent.
Speaker: $ 75 ,000 between $ 130 ,000. 75 thousand dollars. Probably... You will not be able to pay it once.
Speaker: also You will not be able to pay in 30 years.
Speaker: 30 years. The file is now closed. IRS, the Treasury Department, probably... from you. Maybe you will feel like paying in 10 years.
Speaker: When you start paying in 10 years,
Speaker: See you soon. Your 10 -year work is $ 75 ,000. When you divide it by 10 years, Every year, You will have to pay $ 7 ,500.
Speaker: $ 7 ,500 When you calculate it, when you calculate it monthly, If you calculate the year 10 months, it costs $ 750. They make key.
Speaker: around 600 -650 dollars. ...on a given number. You will make a 10 years. Hair -eye. What? Of course, there will also be interest rates. How much is that interest rate exactly?
Speaker: I'm not saying it right now. in Kansas. It reports the end of adjustment. Oh! ratio. You will have to pay for a maximum on connection no men getkija i of The current SPA...
Speaker: Your payments are... 30 years. And the annual income is 3 .75. interest rates are very suitable. And in fact, a 30 -year period is enough.
Speaker: And hit. in terms of comparison. nothing. Well, really... If you can't pay... If you are really in trouble. and if you can't prevent going to the IRS
Speaker: If these operations will enter the Treasury Department from the IRS. How do you get in front of it? What should you do? On this subject... If really...
Speaker: since she since
Speaker: If you are in trouble with payments What you need to do is will be a kind of bankruptcy.
Speaker: You have to be careful when you give this explosion. First. If you... If you do this uh If you have received money over $ 250 ,000,
Speaker: For the money you have received over $ 250 ,000, Chassis. your sacrifice. We're hot though. some of your property as a mortgage.
Speaker: sba yeah You have to have signed it. Boo! If... Chase it. um
Speaker: If you are personally a guarantor of this, At this point, iflasınızı Hemşahıs. and you may need to give it as a If you only made it through the company, So if you did it under $ 250 ,000.
Speaker: Your company may go bankrupt. these issues of bankruptcy. in a more detailed way. Let me tell you in another video. Right now it is still ready. condo It's going to be very bumpy and bumpy.
Speaker: Let me tell you that in another video. But still... There is such a possibility by giving inflation. from the SBA files. being bit navy you have the opportunity to get rid of it.
Speaker: However, According to everyone's own according to him. There is a situation. everyone's must be In other words, a recipe to everyone.
Speaker: It may not fit. That's why we are discussing this issue. Uh... You know, the person who will give bankruptcy is... A very serious... by doing preliminary work. Iflas üzerinden...
Speaker: think about continuing their operations. Right on its own to the case of the eviction. yanaşmasın Let me say so.
Speaker: Friends... This is the EIDL subject. About EIDL, about SPA
Speaker: You have to be careful. If you can do it, you can do it for the Treasury Department. ah hitch Your file... Do not give him a chance to go. If he goes to the Treasury Department... of guare aer There...
Speaker: There is a problem. Even sitting and talking with them
Speaker: Car is making noise. a little bit the alien. Yes. Even sitting and talking with the serious be It requires a lot of work.
Speaker: the Treasury Department and How to take it? processing installation that It takes a year to have such a movement. It takes about a year.
Speaker: At this point, treasure department when I think you do your best not to go to the Treasury Department. I'm a... This is how the world works. So in the end... the money you have received.
Speaker: If you use it for trade and if your business is not doing well, If you couldn't win... At this point... There is nothing to do This is the state of the world.
Speaker: Put it in. Party it. You want to use it commercially and develop it commercially, but If it's not exactly So this is a... A piece of life.
Speaker: Yep, I was yuck. I need. You have nothing to do in your effort. Let me tell you the simplest.
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Speaker: If there are people you would say would be more useful if they had information. These information to them. to be able to reach Share these videos. May the videos pass into their hands.
Speaker: Let them watch. According to him Let them take a step forward.
Speaker: Instead of taking unconscious steps... he like other math monk annie is It Otherwise, today made a Wrong. Hata. A wrong step.
Speaker: In the next stages... Yep. It is very difficult to fix. or is no longer fixable. Yes, thank you for watching. Take good care of yourself. Have a nice day.
