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).
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 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.