Hi Family! As you know Bronner Bros. Cares About You!
The U.S. government has allocated over $4 trillion for stimulus and disaster aid for the American people and we want you in the beauty industry to get your fair share.
There are 3 main money sources that will benefit you if you take advantage of them. We want you to get as much money as possible, as simply as possible.
James Bronner – Beauty Show Director
Money Source #1:
Economic Impact payments:
- Provides $1,200 per person, $500 per child ($3,400 average for family of 4)
- Benefits most taxpayers
- Payments are automatic, no further action is needed if you filed tax returns in 2018 and 2019. If you didn’t file tax returns in either year click here
- Payments have started going out, click here to check your payment status
Money Source #2:
- The CARES Act allows for workers who were not previously eligible for unemployment to get it, including self-employed beauty professionals and independent contractors. Under this Act you receive regular unemployment + an extra $600 per week.
- To get this money source simply file unemployment with your local state department of labor (most states allow filing online).
Click here to locate the website for your state’s unemployment office (complete on a desktop computer if you have issues on a mobile device)
Money Source #3:
SBA Economic Injury Disaster Loan:
- Provides up to $10,000 for any small business under 500 employees
- Does not have to be paid back, even though it’s called a “loan” up to $1,000 per employee you have.
- Made available within days of a successful application
Click here for a direct link to the application
Click the video below for a video tutorial on filling out the application, click the link above to open the application in another tab to follow along during the video.
Money Source #4:
Paycheck Protection Program (PPP)
- This cannot be combined with source #2 (unemployment). Unemployment is more guaranteed and easier to both apply and get approval for. PPP also usually requires an existing banking relationship. Money source #3 & #4 (EIDL & PPP) can both be applied for but you can’t use the money from both for the same expenses (no double dipping).
- Must be a sole proprietor, independent contractor, self-employed, or small business with fewer than 500 employees in operation since February 15, 2020.
- Does not have to be repaid if at least 75% of the loan is used for qualifying payroll costs and you keep your employees and payroll total for 8 weeks after the money is sent.
- Get up to 2½ times your average monthly payroll expenses
- The money can be used to cover payroll, employee benefits, mortgage interest (not principal), rent and utilities.