How To Spend Your PPP To Avoid Trouble

Подписаться 994 тыс.

Просмотров 217 тыс.

50% 1

Join the FINOVA Patreon before it fills up: bit.ly/3GUIR5z
PPP forgiveness. How to spend PPP money.
📚 Learn how I earn $50,000+ per month on RU-vid: max-maher.teachable.com/p/com...
✏️PPP Apply Free Online & Use This Method: www.womply.com/maxmaher/?utm_...
💵LIMITED: Get 2 FREE Stocks Valued Between $12-$1600 when you deposit $100 into a WeBull brokerage account: act.webull.com/k/X1eTd9ityFvU...
Join my Patreon to help support my work: finova.finance/plans/
💎Get up to $250 in free crypto and 8% interest when you open an account a BlockFi blockfi.com/MaxMaher
🚚My in-depth moving company course: max-maher.teachable.com/p/mov...
💳My Favorite Credit Cards
Best Personal Card For FREE Travel: yourbestcreditcards.com/card/...
Best Business Card (1.5X points EVERYTHING): yourbestcreditcards.com/card/...
💰Download EIDL 2 Eligibility Calculator Here: mailchi.mp/d79b252245be/eidl2
📷ALL of my camera and recording equipment: www.amazon.com/shop/maxmaher
✉️Get emailed to be notified of new posts and exclusive content. No sales. No BS. eepurl.com/gWantb
My Instagram: / maxwell_maher
PPP News
PPP 2 start date
PPP 2 application link
PPP Fast Lane Application
When can I get PPP round 2?
Is PPP 2 available?
How to apply PPP round 2?
PPP extension
PPP forgiveness
PPP Forgiveness Form 3508S: www.sba.gov/sites/default/fil...
PPP Forgiveness Form 3508EZ:
www.sba.gov/sites/default/fil...
Schedule one-on-one business consulting with me here: max-maher.teachable.com/p/hal...
PPP Round 1& 2 Apply Free Online: www.womply.com/maxmaher/?utm_...

Опубликовано:

3 апр 2021

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 1,2 тыс.

@robertpaulos1 3 года назад

Thank you Max because of you I got my PPP loan very easy and quick, god bless you and keep the good news my man 💪🏼💪🏼💪🏼💪🏼

@brianellsworth9184 3 года назад

He is a great man I got both my PPP loans because of his great information

@jillegg5041 3 года назад

Thx so much for all the great info Max! Do u think Congress will allow a retroactive clause for first draw PPP to re-calculate based on gross instead of net? Soooo frustrating that it only applies to second draw PPP right now. Got my first draw last year. Thoughts?

@e.y.s.3573 3 года назад

How fast they deposit the fund? It says one or 2 days...but I dont see it in my bank

@brianellsworth9184 3 года назад

@@e.y.s.3573 it says 2 to 3 business days after you sign your promissory note are you sure all your numbers are correct your routing number and your account number have to be correct or it will delay it lenders have up to 20 days after the date on which a PPP loan is approved by the SBA to fund your loan but most cases it take 2 to 3 business days like I said above

@brianellsworth9184 3 года назад

@@jillegg5041 that’s a great question been wondering that in my case that’s an extra 3500 dollars I sure could use

@rosewatson5242 3 года назад

You always know the right questions to answer! THANK YOU!

@jmlesq 3 года назад

Thank you Max. I followed your videos and 1st PPP hit via Wombley. You are the man.

@richnovek107 3 года назад

Happy Easter Max! Thanks for all your hard work in making sure we get all that we’re entitled.

@JuanJuarez-dx5oe 3 года назад

Thank you Max for clearing things up really appreciate it Happy Easter

@KingVonAllegra 3 года назад

Thanks sir, helping to keep us safe and out of trouble with these benefits!

@antoinetteodom3833 3 года назад

Thanks a million . This has really help me with understanding the forgiveness portion

@seanmahoney90 3 года назад

ABSOLUTELY THE BEST VIDEO I HAVE SEEN ON THIS SUBJECT!!! Thank you!!!

@AuntieL_ATL 3 года назад

Thank you @MaxMaher, Womply and Small Harvest. Now I can pay off my losses from COVID-19 and get my call center back on track.

@MrSmoothprod10 3 года назад

Thank you Max for guiding me to get funded! I would have never tried if it wasn't for you and Womply is the real deal!! I have never received help. You are a blessing!!!

@barbieperry95 3 года назад

Thank you for your direct info once again. You rock!

@woodmack91 3 года назад

Man thank you so much big clarification big big clarification and the actual rules did change to help us more small business owners

@rlg222 3 года назад

Hey Max! Mr. Maricopa here. It does seem surreal..I never thought about it this way. I just started spending this weekend on business expenses. WOW! for Sole Props and no documentation! That's so awesome! Max, you're the best! I did apply for the 2nd loan last week before my 8 weeks though Wombly as they said I was eligible for it.

@russpeaknuckel9525 3 года назад

Got to wait 8 weeks.

@lologalvez5919 3 года назад

Bro thank you. You just answered my question as to how to pay myself and transfer the funds into the biz account. Appreciate ya.

@sumterblackchamberofcommer112 3 года назад

You create a operation account and also a payroll account your payroll account hold 70%

@CC-te4jz 3 года назад

Can i pay myself all in one shot as a sole proprietor or do I need to show the ppp funds are drawn down every week or month?

@jessicajessdivine7089 3 года назад

Awesome thank you I needed this information!!!

@conniebach5151 3 года назад

Thank you for the clarity!

@sambochen2010 3 года назад

Thx Max for your research and time that you put into making this video. Very informative, clear, and puts many of us at ease. Keep it up!

@Mystuff419 3 года назад

This is the first thing online that has made me feel safe about going through with this. Because it’s kinda confusing! Your straight forward and helpful tone is much appreciated! If you happen to read this and can respond, I am an independent contractor as an online teacher. So will I NOT need to prove how I spent the funds? I am only getting a small amount compared to others. Thanks again 🙏🏻

@Stylesbynak 3 года назад

Thanks Max if it wasn’t for you i would have never applied! 🙏🏾

@rsaatif 3 года назад

Awesome info bro, you are the best on my list of people that I follow!! 😘

@isamcfarlane5766 3 года назад

Happy Easter! Thank you for this clarification. 💙

@JDHart 3 года назад

Thank you Max. You have been most helpful throughout this process. Keep em’ coming. Happy Easter!

@lisashelton4718 3 года назад

PPP is a prison sentence. People in my city are either in jail, been in jail waiting to go to court. My own family member is waiting for his court date. For starters there maybe forgiveness for those with businesses, but prison is waiting for those who lied.

@fabfunctions688 3 года назад

Guess who just signed their loan doc for the 2nd ppp with womply after three weeks of receiving ppp one. Thank you Max. Womply new fast track works better than the first draw I was approved through Readycap for the first one with no movement from comply the first time around. But super excited of how quickly they moved to get me the second Draw before the end date. Yessssss. Thank you for the forgiveness tips as well.

@brentdahlin291 3 года назад

did you reapply through womply for 2nd? Or did you ask for it on the first application and it simply came through 3 weeks after first one?

@HAB297 3 года назад

Appreciate it man! You made it very clear and easy!

@davonmurray78 3 года назад

Max Maher thanks for helping me with the PPP Loan. Watching your videos are very helpful. I appreciate you bro 💪🏾

@miguelmiguelson 3 года назад

My homie told me about this and dude. I finally feel hope in my life. My life got flipped upside in a dramatic manner. I was lost. And homie told me about this! 🤯 GUYS!!!!! Ima make my Landscape business actually happen 😭 I feel so bless! Thank you thank you thank you all!!! To my homie, to this guy explains, to the government, and to God for me to learn this after learning all the tough experiences

@jahkings7358 3 года назад

The almighty bless you in your journey sir 🙇🏿‍♂️❤💛💚🙇🏿‍♂️

@RobertCookdarkarts 3 года назад

You gonna get arrested or have to pay it back! It's for businesses already started before 2019, not to start a business. They WILL get you for that.

@patestate 3 года назад

@@RobertCookdarkarts LOL he will be fine 😂 government not to worried about it they need to get rid of the funds because it gives them an excuse to tax more

@rawgaming8394 3 года назад

@@RobertCookdarkarts shut your scary ass up

@jaronaiello5206 3 года назад

@@rawgaming8394 Deadass🤣🤣 niggas not gaf

@yanniyanni5800 3 года назад

Easter Blessings to you Max! You're still the best🙋🏽‍♀️

@mickeyle1386 3 года назад

Love your detailed explanations!

@masreshamohammeddawde5997 3 года назад

You are outstanding, thank you for your unreserved effort to update us. When I listen to you my confusion is gone like a cloud.

@MaxMaher 3 года назад

Hey thanks!

@megamardee 3 года назад

Still loving your hair plus the best info.

@kebinlcarr7481 3 года назад

Thank you Mr. Max for the information.

@anabarajas116 3 года назад

Thank you for everything you do and yes this video was VERY helpful

@anniemedicalmassage 3 года назад

This is what I have been telling so many people about the forgiveness and why the SBA could not do a grant. They were still scared and apprehensive. Oh well. You can’t save them all! I did my due diligence, and I got my money, and it will be forgiven because I’m doing it the right way and following their rules.

@tommytommy7825 3 года назад

Mahalo, can you share what the right ways is? I get the feeling I am thinking as you may be thinking....Please explain your findings on PPP Forgiveness. Thanks...

@LaidBackP 3 года назад

What if you just got your llc this year but still had your account since 2020

@dibaz1 3 года назад

@@tommytommy7825 following, have no clue where to start or go about this!?

@myasspace6393 3 года назад

Hi, I got approved for the ppp I just want to know can I start my business up with it? I was selling lashes in 2020 but didn’t get many sells so I never put it on my taxes. Please respond

@kyslife9701 3 года назад

@@LaidBackP that was my scenario .

@michael_harren 3 года назад

Thank you so much for breaking this down!

@simplelife4213 3 года назад

this video is gold. thank you

@dubkae9447 3 года назад

Extremely informative, and straight to the point. Great job.

@TracyAllenVideos 3 года назад

I finally got my PPP funding this morning… Hallelujah! Mine is such a tiny amount but I’m still gonna make sure that I follow the rules. Thank you for this breakdown, Max! I’m glad to know that now that I got funded, that’s additional money to go your way as I used your referral link! I’m hoping that some of the people that I shared my link with will use mine and get funded as well… Let the blessings keep coming🙏🏾🥰

@andreiareynolds4457 3 года назад

I still haven't applied because I don't know how. I hope this helps me

@dibaz1 3 года назад

@@andreiareynolds4457 ditto just seeing this now

@marierrichardson3248 3 года назад

Thanks a million! I just was thinking about applying for the forgivable loan .I do side hustles.I need it !😃👍

@k.a.3678 3 года назад

Better hurry up...they’re running out of money.

@sergiooliva4268 3 года назад

@@k.a.3678 can we do it if we started doing gig work in January 2021?

@Brown8suga 3 года назад

I need money too but I really don't want to go to jail. That's on PERIOD.

@k.a.3678 3 года назад

@@sergiooliva4268 No, it said you should’ve had your business at least Feb 2020...I believe. I know it was early 2020

@k.a.3678 3 года назад

@@Brown8suga if you have a gig/side hustle then you can get it. Apply as a sole proprietor and BE SURE TO PAY YOURSELF (60%) so that your loan can be forgiven. This can really help your gig, turn into a bigger business.

@chuckmcmillin311 3 года назад

Thanks for all great video's. Used your link to Womply and was so easy. All should go there, simple.

@rhondakennedy156 3 года назад

Thank you so much for this piece of mind on PPP loan forgiveness! 😘

@lakeisharansom3046 3 года назад

Thank you so much for the mental stress relief! Really appreciate it😌🙏😊

@leemorris8404 3 года назад

y’all please don’t listen to the scammers in the comments...

@yadiragonzales7479 3 года назад

I also wanted to thank you for all the information you give us thanks a lot god bless you 😀

@AymHiiGHTV 3 года назад

good advice really answer my questions and gave me a side of relief

@WeLOVECouponingOnline 3 года назад

LMFAO at PPPrison 🤣 Good one!

@sharikaj04 3 года назад

It’s funny how he has made a video teaching people how to spend it 🤣🤣🤣🤣

@lukemark2545 3 года назад

HACKERGENERAL01 on insta is the best.I got my loan through him💯

@jphillips4509 3 года назад

Thank you for providing the sole proprietor clarification from the SBA. I can finally use the PPP money without fear that I am doing something incorrect. I greatly appreciate your efforts & the specific information you always provide Max.

@Rdot3423 3 года назад

Same here. Thank you Max, I truly appreciate it!!!

@cesarrojas7729 3 года назад

You are the best!!! Thank you

@shereeburks9549 3 года назад

Great video, So Helpful! Thank you!

@doloreschansey9556 3 года назад

8:19 on is th emost important information regarding common questions of: How do you pay yourself (go check!) and: Do you have to have a business account? (no)

@nycmel7538 3 года назад

Imma sole proprietor and I got my ppp loan. All I need to know is if I can put all this money into my stocks

@RozzB57 3 года назад

Thank you for the info in this video! Liked and Shared!

@tommymodec 3 года назад

This video was insanely helpful and reduced a ton of stress and confusion. Thank goodness I went with Womply before even watching this video. Thank you!

@streettravelxxi 2 года назад

I did it through womply and through a friend phew hope it all goes well

@glennward4661 3 года назад

Got a personal call from my bank telling me that my ppp1 was forgiven and a sba email, but it wasn’t so easy had to upload docs proving expenditures and it was way below 150,000.

@swt6507 3 года назад

Hi..are you self employed? an independent contractor w a sched C? I'm assuming you may have employees?

@damainallan3669 3 года назад

Great info bro 👌🏽

@adriennestanley154 3 года назад

Thank you! Very simply explained!

@MaxMaher 3 года назад

Happy Easter!

@faithmoore3243 3 года назад

May you be blessed richly for encouraging others and telling them how to get that money!

@glassscapemediaproductions 3 года назад

Happy easter! I got paid. Way less than i was hoping but it worked, thanks!

@jerrybriones7679 3 года назад

Happy Easter Max..Is the womply fixing code..Like duplicate application

@hlb48 3 года назад

Happy Easter!

@deuntegalloway2025 3 года назад

If you have ppp that's just 20000 u still have to do that 60% payroll and 40% expenses to be forgiven.

@bardistv9653 3 года назад

Ppprision 😅you’re so funny yet adorable, thank you I enjoy your videos

@temikaharden234 3 года назад

This is very Informative! Thank you sooooo much

@KatarinaSophia0795 3 года назад

Thank you so much Max. 👍🏻😀

@martykayjohnson5768 3 года назад

HAPPY EASTER PPP TRIBE😊😊

@jim7953 3 года назад

Max questions what happen if all of your documentation for your freelance paper got flooded ina base flood How am I able to prove I was my own side business, am I out of luck on the SBA

@1Chinx 3 года назад

Bevco you are dealing with the feds i wanna say YEAH! I can’t go to the dmv with out my birth certificate and tell the lady at the desk TRUST ME I HAD ONE!

@georgedantz4027 3 года назад

Thanks for the great info!👍💯

@ThePrettylady101 3 года назад

Thank you so much for this information...I was so confused and I was doing it right all the time usig my QB-Self Employed software. I am in my covered period and my lender Kabbage has not reach out yet with my papaerwork but they said to check back in a few weeks. Thank you, this is FIRE!

@markthesolarexpert 3 года назад

Is the loan forgivable if I spend it (or a certain percentage) on lead generation?

@DelValleStudios 3 года назад

Hey Max, just being helpful you should put Owners Compensation Replacement or something like that in your title so people will know because that’s a big topic with PPP or like (How to pay yourself)

@ghetty_yetty7927 3 года назад

Thanks for making this video!!!

@queenbrooksie 3 года назад

Thank you!!!! Just shared it in the PPP facebook room.

@MaxMaher 3 года назад

Awesome thank you!

@stevenlarabia 3 года назад

Omg I just got funded, I love you bro❤️

@cambosbbq3135 3 года назад

@@user-xp8wt8sk1s how long did it take you to received the funds in your account? From the “Lender Funding stage to “Borrower Funded”? Thank you!

@ashleighelizabeth4928 3 года назад

What website did you go to to apply?

@CoryASMR 3 года назад

@@user-xp8wt8sk1s cap

@ItzzEliiOfficial_ 3 года назад

Who else got this on their recommended after watching Lou ratchet video🤨

@livelikedes1 3 года назад

😂😂😂

@chop8735 3 года назад

Thats wild 😂😂😂😂 cuz it happend to me too

@Nates_video_ideas17 3 года назад

Yoo I’m dead 😵🤣🤣

@MarTooSaucy 3 года назад

😂😂😂

@kishonlove2102 3 года назад

That’s wild

@ramonalumbers7445 3 года назад

Thank you for your information it is very helpful for me

@_Style_Dee 3 года назад

Thanks for this video!

@RicoGotMotion 3 года назад

So I got a $$2000 ppp loan deposited directly to my personal bank account. So your saying I don't have to do anything else like transfer it to my biz account then pay myself back to my personal acct? I'm ok with just leaving it in my personal account? Then what form do I have to fill out and how soon?

@vontroy23 3 года назад

I have a home improvement and lawn care business was wondering could I use the ppp loan to purchase new equipment

@k.a.3678 3 года назад

Yes, absolutely. Make sure you pay yourself 60% of your loan amount (get two bank accts), and the rest you can buy stuff for your existing business.

@rodwiggins6620 3 года назад

Applied for PPP 2 through Womply/SmartBiz long form on 3/9 funded on 3/30. Thanks Max!!

@tommytommy7825 3 года назад

Did Womply orthe lendeer contact you after the 1st PPP draw funded or did you have to contact them, if so, who do we contact? Thanks.

@chanellwilder6840 3 года назад

These are future dates!! Smh

@rodwiggins6620 3 года назад

@@chanellwilder6840 corrected thanks!

@rodwiggins6620 3 года назад

@@tommytommy7825 went through my bank last May for 1st draw. Never had any luck contacting anyone at Womply. Just sent in anything they asked for and hoped for the best.

@Runndeep 3 года назад

Thanx bro, great info

@shahidmahmood9311 3 года назад

I stuck in seconded review since week when I check fast lane status

@carlosbigard2853 3 года назад

Same here

@roweellazar9103 3 года назад

Best info.... should be seeing my PPP loan deposit very soon!

@one2onerealtymikkascott335 3 года назад

Happy Easter Max. You answered my questions in the email I sent you. Thank you so much!!

@meuyh.3075 3 года назад

Thank you Max!

@realwilltrades 3 года назад

So do we have to wait 8 weeks to apply for the draw 2 ppp loan? And what happens if I don’t wait?

@realwilltrades 3 года назад

@@mikelucas9345 😂 I’m confused

@realwilltrades 3 года назад

@@mikelucas9345 🤦🏾‍♂️ you are the FRAUD version of him

@josejose2100 3 года назад

This is a good question. Hope someone answers it. My goal is to pay my employees a full quarter with both loans combined.

@realwilltrades 3 года назад

@@josejose2100 Right

@chrisgreen8759 3 года назад

@@mikelucas9345 huh?

@aguycallgerald 3 года назад

It still sucks that we can't change line 31 ...I wish I would have waited to do both ppp loans cause in total I didn't even get 2000 and that's with both loans thanks to them changing shit every 24 hours 🤬

@sakkysha5496 3 года назад

True!! For what was supposed to be a 12-week program, the President announced this major change on the 8th week, with no inclusion of the millions of small businesses who applied weeks 1 through 8! What genius within the administration deemed this fair to all small businesses!!?? Outrageous!

@lunanegra1148 3 года назад

Thank you for this information you are awesome 🙂

@RockkcoR 3 года назад

Thanks Max!!!!👍🏾

@frankiem4062 3 года назад

I applied through Womply and chose the option for both first and second draw. Do I have to apply for forgiveness for my first draw before I can get my second draw? When will Womply start the process of the second draw?

@justinhouse2011 3 года назад

I’ve been wondering the same thing!

@savoeunpho4055 3 года назад

No you don’t you have time to do that. But make sure you get ur second draw finder to you no sooner then 8 week period of your first. Preferably 11 since that will fully forgive your loan if you are paying urslef only. If there’s not enough week in between you can pay urslef for min 8 weeks and write off expenses for the rest.

@savoeunpho4055 3 года назад

@@justinhouse2011 ck my comment out

@ricoalfayeed4967 3 года назад

Hey Max my PPP says in secondary review for over a week. I seen your videos on why this could happen.

@anselmenounagnon4560 3 года назад

Thank you for your videos.

@onlyme9864 3 года назад

Perfect video, thanks

@blkimble 3 года назад

It literally took only 7 days from the time I applied until it was deposited to my account

@OvO_1019 3 года назад

How long did it take them to send the documents to sign

@blkimble 3 года назад

@@OvO_1019 I applied on 31st received the documents on April 2nd

@ashleighelizabeth4928 3 года назад

What website did you apply on?

@blkimble 3 года назад

@@ashleighelizabeth4928 womply

@isaiahmoore7664 3 года назад

I’m still waiting

@theonlyEYEBROWKING 3 года назад

Can you apply for this if you are a gig worker? Like door dash or instacart??

@MaxMaher 3 года назад

Yes! www.womply.com/maxmaher/?

@alizavignale 3 года назад

Thank you for everything, Max!!!

@Beekeeper8011 3 года назад

Helpful. Thank you

@Athvna 3 года назад

“ppprison” LMAO

@stephenmcalpine6091 3 года назад

What can you do if your bank refuses to release your PPP Funds because they were sent to your personal account and they send the funds back to your approved SBA lender?

@myteonadavis8474 3 года назад

This is also what I’m wanting to know

@rebeccavann6340 3 года назад

This is so helpful. Thank you so much!!

@MaxMaher 3 года назад

You’re welcome!

@nunovurbiznis 3 года назад

Max, I can't thank you enough. You are truly a blessing and I hope God continues to keep blessing you. It's generous people like you that makes this world a better place. :)

@proxclusiv 3 года назад

I’m a videographer , how do I sign up and pay myself?

@SGray2717 3 года назад

Get an EIN w/ IRS, Sign up for ADP roll

@MrJoosebawkz 3 года назад

Owner compensation

@a5a346 3 года назад

@@SGray2717 u watch “the game spitter”?

@k.a.3678 3 года назад

You don’t have to have an EIN# if you’re an unregistered Sole Proprietor. You can pay yourself 100% on payroll. You should spend your money to keep your business runnin.

@thisisupperside 3 года назад

Hey! If i pay myself and transfer the funds from my business checking account to my personal checking account im assuming 'i paid myself", now can i use those funds in personal account to do whatever i want?????

@rodwiggins6620 3 года назад

Many of the U tube CPAs say yes if you are a sole prop without any employees. I'm still going to spread my withdrawals out over 11 weeks just to make sure.

@yeshuagirl81 3 года назад

My question too. So can we for sure take the whole amount of the funds, let's say $5000, and transfer the entire $5000 at one time to our personal checking account to pay ourselves?