Same application as last time. Said the 10k will be forgiven. And you can still get it if your loan is denied.

Excellent!!! Major REP!!!

Seems like a good place to ask

I have a renter that owes me $2500. They also have a lien against them by our local hospital. Will the stimulus money make it to my renter or will that get intercepted by the lien holder like a tax refund would?

My buddy got that application from his banker. What I got from mine was a spreadsheet that went through the calculations of the loan. It had far less qualifications listed. I wonder if I can fill that out and have it work for the bank or if I’ll have to fill out the application here and provide that information too.

Either way, banker recommended I wait until It is hashed out a little bit more at the end of the week. Is that dumb or should I go ahead and apply through the website?

This outfit says there has to be a 50% revenue decrease in the applicable quarter. That will certainly be applicable to some of you guys but it may boot me out. I gotta look at some numbers. I’m not sure I took in any revenue in Q2 2019.

PPP application:
https://home.treasury.gov/system/fil...ontent=Special

you beat me to it....good information!

You're not referring to the PPP, are you? I don't see that requirement listed anywhere.

That is not a requirement for the PPP....the goal of PPP is to not have to lay people off, hence the loan forgiveness if you maintain your headcount and payroll spend....

DO NOT WAIT! Get the application ready now, so that you can get it in asap....you cannot apply on-line, you have to go through a bank for the PPP

and if anyone is so inclined, here's what the SBA is giving to the banks:

https://home.treasury.gov/system/fil...ontent=Special

Roger that. Thank you.

Yeah. So I’m an idiot. Apparently I need to quit reading technical shit at night.

I forgot to post the blog that I was reading. It’s here.

https://blogs.claconnect.com/agribus...ll-tax-credit/

But it’s talking about the refundable payroll taxes. That’s seems of far less importance than the PPP loan at the moment.

Thanks for the help guys.

I'm going to get my filled out and sent to my banker today so that he can look it over before Friday. Once Friday rolls around or when this opens up for applications to be submitted, I'm going to make sure my banker gets mine in ASAP.

Thanks for sharing all this info. The application doesn't have any lines to add the additional operating costs such as health care premiums and rent/leases. Not sure where we are suppose to enter those. Would it be possible for you to share a blank version of the spreadsheet your banker gave you? It seems I know more about what is going on than our business banker (Chase), although that doesn't really surprise me. Thanks bud!