Question

Those with small business, anyone know how the $10, 000 grant applies to those with no cost of goods? If we just offering consulting services? I’m talking with my accountant next week but seeing if anyone had experiences?  

Answer 1

$0 cost of goods sold. Just enter gross revenue

Answer 2

@pica616 that is our question too. We are a small professional services firm. Have been trying to call one of the few SBA sites around here for input, but can’t get through. We did so an EIDL application, and are awaiting the PPP link

Comments

I am a single person agency, with freelancers, which is acceptable, from what I have read. Both the field with the Cost of Goods sold is the one I am not sure about. If you could let me know if you hear anything, and I will let you know what my accountant says.  

---

Sure. Happy to pass along what we find our.  

Answer 3

The 10k eidl is for everyone regardless of whether it is for goods or services.  

Comments

I am understand that, but there is a required field specifically asking for Cost of Goods Sold. that is what I am confused about. Plan on stopping by the bank today or Monday.  

Answer 4

Every day, new details regarding the Small Business funds dispersement, what qualifies, loans or grants are changed. The full details have not been released in full as of yet.  

Answer 5

I have an event business and my tax guy said I just put $0 because I have $0 COGS

Answer 6

Have you tried sba. gov and applied for that disaster business loan?  

Comments

@fubsy9 that is what we are talking about. It deals with businesses though that don’t have cost of goods and what to do in that situation.  

---

I applied for that one. My accountant told me to apply. Fingers crossed that we get it but completing that application was like pulling teeth out.  

Answer 7

How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven  
https://www.entrepreneur.com/articl...48552

Answer 8

We haven’t even received an email acknowledging our application nor have any of our clients .