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03-26-2020, 09:25 AM | |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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Hey Small Business Owners...What are you doing to ride the storm out?
How are you handling HR issues?
Are you applying for SBA loans? There are several types of loans. And new info is appearing daily. Capital up to $10MM. Up to 30 years to repay. Some actually are forgivable. 3.75 to 4% https://disasterloan.sba.gov/ela/ https://www.inc.com/kevin-j-ryan/sma...incthismorning My world: Everyone at the software companies are working remotely. The chocolate factory shut down yesterday due to not be considered an essential business. The chocolate elve had already left due to health concerns. I handle all the commercial rentals myself so no impact: I don't intend to lay-off anybody...if this stretches into June or July...then we may look at cutting salaries by 25 to 50%. With the $1,200 everyone is getting already from the gov, and the 4 month unemployment (+$600/week additional), if we have to do layoffs, then the Team will not be totally without funds. What are you doing to ride the storm out? Last edited by Trivers; 04-02-2020 at 06:02 AM.. |
Posts: 2,961
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04-21-2020, 10:30 AM | #571 |
In Search of a Life
Join Date: Dec 2005
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Posts: 31,180
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04-21-2020, 11:08 AM | #572 |
MVP
Join Date: Oct 2010
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Posts: 18,137
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04-21-2020, 03:32 PM | #573 | |
Rookie
Join Date: Mar 2020
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Quote:
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Posts: 26
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04-21-2020, 08:04 PM | #574 |
Supporter
Join Date: Jun 2002
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I got my EIDL 10k today.
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Posts: 2,072
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1 0 |
04-21-2020, 08:11 PM | #575 |
Supporter
Join Date: May 2005
Location: Who knows?
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Got ****ed.
I'll be okay. This kind of shit fueled me to get where I am today. |
Posts: 85,105
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04-21-2020, 08:32 PM | #576 |
MVP
Join Date: Oct 2010
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Additional funds are going to be approved soon. I already reached out to a local bank and will have my application in tomorrow, so that it can be immediately submitted this time. Im not missing out this time around.
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Posts: 18,137
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04-21-2020, 09:22 PM | #577 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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04-21-2020, 09:46 PM | #578 |
Supporter
Join Date: May 2005
Location: Who knows?
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Rain. That's a good one.
Post jokes in the "Makes you laugh" thread, Plow. |
Posts: 85,105
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04-22-2020, 07:36 AM | #579 |
In Search of a Life
Join Date: Dec 2005
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Posts: 31,180
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04-22-2020, 09:04 AM | #580 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
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Quote:
Not going to be enough overall for small business....first tranche of PPP was $349B, and they wrote 1.6M loans, average of about $240K per..... At that rate they'll write another 1.2M loans.....so about 3m loans total out of 30M small businesses (not to mention some of those loans weren't really to small business) Crazy times we live in! |
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04-22-2020, 09:32 AM | #581 | |
MVP
Join Date: Oct 2010
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Quote:
Since im an IC, do I just put my name under the Business Legal Name portion? Under the Applicant Ownership portion where it wants you to list all people that own at least 20% of the equity of applicant, do I need to put my information in those boxes since its just me and I've already put my info in? Im putting in another app with a small local bank because I was an idiot and applied with paypal and I know they will take their sweet ass time and I'll miss out. |
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Posts: 18,137
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04-22-2020, 09:43 AM | #582 |
Live free or die hard
Join Date: Sep 2000
Location: Durango, CO
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Right now it's like a prison love story.
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Posts: 27,012
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04-22-2020, 10:20 AM | #583 |
Shit
Join Date: Jun 2008
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mnuchin also said he thinks this will be the last of the money going into this.
everyone that needs it should get their applications to their banker right now... |
Posts: 55,715
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04-22-2020, 10:50 AM | #584 |
In Search of a Life
Join Date: Dec 2005
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Just from anecdotal evidence, I'd say get with a small bank. Seems like larger banks had more issues the first time around than the small banks.
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Posts: 31,180
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04-22-2020, 11:10 AM | #585 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Jesus **** no. We got a sprinkle in the afternoon and ****all else. I was really bummed this morning. Started a pivot. At least that wheat won’t die.
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