ChiefsPlanet
Page 2 of 47 1 2 345612 Last »
Show 80 post(s) from this thread on one page

ChiefsPlanet (https://www.chiefsplanet.com/BB/index.php)
-   Nzoner's Game Room (https://www.chiefsplanet.com/BB/forumdisplay.php?f=1)
-   -   News Hey Small Business Owners...What are you doing to ride the storm out? (https://www.chiefsplanet.com/BB/showthread.php?t=330175)

SAUTO 03-26-2020 10:05 AM
Quote:
Originally Posted by notorious (Post 14868942)
People aren't driving as much so you might slow a little. When things get moving again you will probably be overwhelmed.

We are booked over 2 months out right now, and all houses are empty (lucky as hell), but I haven't been receiving as many quote calls. I don't think people want strangers coming into their house, and they really don't want their house tore up when they are stuck at home.

If this is still going strong into May it will suck. I have plenty saved up, but the summer months are when I really make a lot of strides forward.
i'm lucky ive got a couple weeks sitting here. the phone hasnt hardly rang in a week. 2 other shops in town have just closed for now...

Trivers 03-26-2020 10:12 AM
Quote:
Originally Posted by O.city (Post 14868970)
So should I just go ahead and apply?
SBA has stated repeatedly "the sooner the better."

Asking for $25K each to keep under the collateral threshold. We have 4 applications to submit. GREAT! :(

O.city 03-26-2020 10:15 AM
Quote:
Originally Posted by Trivers (Post 14868988)
SBA has stated repeatedly "the sooner the better."

Asking for $25K each to keep under the collateral threshold. We have 4 applications to submit. GREAT! :(
I contacted my banker to ask about info on it. She says they're still waiting.

So is this the 25k that is forgiven?

SAUTO 03-26-2020 10:15 AM
is it better to apply directly through the SBA or your local bank after this bill passes?

O.city 03-26-2020 10:15 AM
Quote:
Originally Posted by SAUTO (Post 14868994)
is it better to apply directly through the SBA or your local bank after this bill passes?
She said that local banks aren't doing this yet, but no one seems to really know anything.

SAUTO 03-26-2020 10:15 AM
Quote:
Originally Posted by O.city (Post 14868993)
I contacted my banker to ask about info on it. She says they're still waiting.

So is this the 25k that is forgiven?
my banker said the same thing yesterday when he called to check up on me

Trivers 03-26-2020 10:27 AM
Quote:
Originally Posted by SAUTO (Post 14868994)
is it better to apply directly through the SBA or your local bank after this bill passes?
The money is coming directly from the SBA for the EIDL loan. No banks.

Trivers 03-26-2020 10:30 AM
Quote:
Originally Posted by O.city (Post 14868993)
I contacted my banker to ask about info on it. She says they're still waiting.

So is this the 25k that is forgiven?
the SBA states they expect the loans to be serviced.

However, several talking heads have stated they expect the loans to be forgiven. The problem is then the student loan forgiveness issue is raised.

notorious 03-26-2020 10:50 AM
Quote:
Originally Posted by Trivers (Post 14869032)
the SBA states they expect the loans to be serviced.

However, several talking heads have stated they expect the loans to be forgiven. The problem is then the student loan forgiveness issue is raised.
Damn, I might go get a loan and build a steel building.

Either way it's low interest, and if it's forgiven that's gravy.

SAUTO 03-26-2020 10:52 AM
Quote:
Originally Posted by Trivers (Post 14869025)
The money is coming directly from the SBA for the EIDL loan. No banks.
and thats different than the ones they say are coming available through this new bill?

notorious 03-26-2020 10:53 AM
You have to fall within a declared disaster area for EIDL. They might declare the entire US as a disaster area.

notorious 03-26-2020 10:53 AM
https://disasterloan.sba.gov/ela/information/eidlloans

SAUTO 03-26-2020 10:56 AM
Quote:
Originally Posted by notorious (Post 14869073)
You have to fall within a declared disaster area for EIDL. They might declare the entire US as a disaster area.
kansas and missouri are both in it.


but during the presser yesterday they specifically said to go to your local bank and they should be able to service and pay out most loans in the same day by the end of next week or the beginning of the week after

BIG_DADDY 03-26-2020 10:59 AM
Still paying employees. We will see how this shakes out with the money.Hoping we can get back to work sooner rather than later. We can do a lot from home.

notorious 03-26-2020 11:02 AM
Quote:
Originally Posted by SAUTO (Post 14869077)
kansas and missouri are both in it.


but during the presser yesterday they specifically said to go to your local bank and they should be able to service and pay out most loans in the same day by the end of next week or the beginning of the week after
Oh wow.

I didn't know they have declared disaster areas already.


All times are GMT -6. The time now is 07:23 PM.
Page 2 of 47 1 2 345612 Last »
Show 80 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.