Adult Industry Fucked? US Gov't SBA Loan Requirements - GoFuckYourself.com

The Porn Nerd · 04-13-2020, 03:13 PM

So I go to apply for the Covid-19 relief loan for small businesses being offered by the US Government:

https://covid19relief.sba.gov/#/

But then I see this as a requirement for applying for the loan:

"Applicant does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature."

So we in the Adult Industry need not apply? Or does it depend on the definition of the word "prurient"? Are they talking about sex workers (strippers, hookers, cam girls)? And what the fuck does 'more than de minimis gross revenue' mean?

Maybe the GFY legal eagles can chime in on this one please!

baddog · 04-13-2020, 03:25 PM

It all depends on your tax status and what you say you do. If you say your occupation is hooker or stripper you are probably screwed and should probably consider a new accountant.

CaptainHowdy · 04-13-2020, 03:28 PM

I havent read the word prurient since the prohibition era . . .

baddog · 04-13-2020, 03:32 PM

Quote:

Originally Posted by CaptainHowdy

I havent read the word prurient since the prohibition era . . .

I used "smite" yesterday.

InfoGuy · 04-13-2020, 04:20 PM

Quote:

Originally Posted by The Porn Nerd

So I go to apply for the Covid-19 relief loan for small businesses being offered by the US Government:

https://covid19relief.sba.gov/#/

But then I see this as a requirement for applying for the loan:

"Applicant does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature."

So we in the Adult Industry need not apply? Or does it depend on the definition of the word "prurient"? Are they talking about sex workers (strippers, hookers, cam girls)? And what the fuck does 'more than de minimis gross revenue' mean?

Maybe the GFY legal eagles can chime in on this one please!

The layman's explanation is basically hotel/motel franchisees, convenience stores and newsstands are exempt and you're screwed. But nevertheless, even if you did have a qualifying business, you're weeks too late applying for a piece of the grant money.

The Porn Nerd · 04-13-2020, 04:40 PM

Quote:

Originally Posted by InfoGuy

The layman's explanation is basically hotel/motel franchisees, convenience stores and newsstands are exempt and you're screwed. But nevertheless, even if you did have a qualifying business, you're weeks too late applying for a piece of the grant money.

They may extend the period for applying since the system crashed with so many applicants. The loan portion would still be good either way.

I get about newsstands, etc. But how about online paysites?

EddyTheDog · 04-13-2020, 04:40 PM

Quote:

Originally Posted by baddog

I used "smite" yesterday.

I often use 'smite' - My favorite character is the wife from Schitt's Creek who uses all the old fashioned words, some of them are great...

When I find a new word I will try to fit it into conversation - The English language is amazing.....

EddyTheDog · 04-13-2020, 04:49 PM

Quote:

Originally Posted by The Porn Nerd

They may extend the period for applying since the system crashed with so many applicants. The loan portion would still be good either way.

I get about newsstands, etc. But how about online paysites?

So many of those online (mainstream and adult) companies went off shore - They will be kicking themselves - I wonder if it was worth it in long run...

HairyChick · 04-13-2020, 04:53 PM

Always have just one mainstream website. You can point it out to the general public and bank officials without fear of rejection.

There are tons of mainstream affiliate programs around. I needed a few for a website but many pay just 3% while others pay 40%. The ones I want have such strong guidelines and expectations that I stuck with Amazon. Less work and maintenance.

The Porn Nerd · 04-13-2020, 04:55 PM

Quote:

Originally Posted by EddyTheDog

I often use 'smite' - My favorite character is the wife from Schitt's Creek who uses all the old fashioned words, some of them are great...

When I find a new word I will try to fit it into conversation - The English language is amazing.....

Here's a word for both of you: "relevance".

Quote:

Originally Posted by HairyChick

Always have just one mainstream website. You can point it out to the general public and bank officials without fear of rejection.

There are tons of mainstream affiliate programs around. I needed a few for a website but many pay just 3% while others pay 40%. The ones I want have such strong guidelines and expectations that I stuck with Amazon. Less work and maintenance.

Good advice! I actually do have some mainstream sites. I asked my accountant for advice, too.

EddyTheDog · 04-13-2020, 04:58 PM

Quote:

Originally Posted by The Porn Nerd

Here's a word for both of you: "relevance".

Hey, I pulled it back on topic with my next post - Sarcy git...

InfoGuy · 04-13-2020, 05:04 PM

Quote:

Originally Posted by The Porn Nerd

They may extend the period for applying since the system crashed with so many applicants. The loan portion would still be good either way.

I get about newsstands, etc. But how about online paysites?

Ask your lawyer or accountant to explain it to you.

digitalfantasies · 04-13-2020, 05:17 PM

Is your company actually registered as an adult company? When we started 10+ years ago it was impossible (in the Netherlands) to get a bank account with an adult business, changing description to entertainment/web development solved that

The Porn Nerd · 04-13-2020, 06:14 PM

Quote:

Originally Posted by EddyTheDog

Hey, I pulled it back on topic with my next post - Sarcy git...

I know man, just messing with you.

Quote:

Originally Posted by digitalfantasies

Is your company actually registered as an adult company? When we started 10+ years ago it was impossible (in the Netherlands) to get a bank account with an adult business, changing description to entertainment/web development solved that

I believe we are registered as an entertainment and media company. I am also a published journalist so my writings fall under the term "mainstream media".

CaptainHowdy · 04-13-2020, 06:33 PM

Quote:

Originally Posted by EddyTheDog

Hey, I pulled it back

Never thought gay dudes needed to do that too . . .

The Porn Nerd · 04-13-2020, 09:21 PM

Quote:

Originally Posted by CaptainHowdy

Never thought gay dudes needed to do that too . . .

It's a fetish.

Klen · 04-13-2020, 11:53 PM

Quote:

Originally Posted by digitalfantasies

Is your company actually registered as an adult company? When we started 10+ years ago it was impossible (in the Netherlands) to get a bank account with an adult business, changing description to entertainment/web development solved that

I used many banks in life and not a single bank ever asked me what i do. Tho, probably because i am registered as self-employeed and not as corporation.

04-13-2020, 03:13 PM	#1
The Porn Nerd Living The Dream Industry Role: Join Date: Jun 2009 Location: Inside a Monitor Posts: 19,506	Adult Industry Fucked? US Gov't SBA Loan Requirements So I go to apply for the Covid-19 relief loan for small businesses being offered by the US Government: https://covid19relief.sba.gov/#/ But then I see this as a requirement for applying for the loan: "Applicant does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature." So we in the Adult Industry need not apply? Or does it depend on the definition of the word "prurient"? Are they talking about sex workers (strippers, hookers, cam girls)? And what the fuck does 'more than de minimis gross revenue' mean? Maybe the GFY legal eagles can chime in on this one please! __________________ My Affiliate Programs: Porn Nerd Cash \| Porn Showcase \| Aggressive Gold Over 90 paysites to promote! Now on Teams: peabodymedia

04-13-2020, 03:28 PM	#3
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,047	I havent read the word prurient since the prohibition era . . . __________________ FLASH SALE INSANITY! deal with a 100% Trusted Seller Buy Traffic Spots on a High-Quality Network 1 Year or Lifetime — That’s Right, Until the Internet Explodes!

04-13-2020, 04:53 PM	#9
HairyChick Slowly dying Industry Role: Join Date: Sep 2012 Location: Padanaram Posts: 3,091	Always have just one mainstream website. You can point it out to the general public and bank officials without fear of rejection. There are tons of mainstream affiliate programs around. I needed a few for a website but many pay just 3% while others pay 40%. The ones I want have such strong guidelines and expectations that I stuck with Amazon. Less work and maintenance. __________________ ***************************************** Anti-Semites have Small Penis Syndrome. The only known treatment is electroshock therapy combined with cerebellum removal. Fortunately, it’s a tiny procedure. *****************************************

04-13-2020, 05:17 PM	#13
digitalfantasies Confirmed User Industry Role: Join Date: Sep 2010 Location: Caribbean Posts: 2,690	Is your company actually registered as an adult company? When we started 10+ years ago it was impossible (in the Netherlands) to get a bank account with an adult business, changing description to entertainment/web development solved that __________________

04-13-2020, 03:25 PM	#2
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	It all depends on your tax status and what you say you do. If you say your occupation is hooker or stripper you are probably screwed and should probably consider a new accountant.