Hey Small Business Owners...What are you doing to ride the storm out?

[mililo4cpa]

Originally Posted by Mr. Plow

Thanks man!

Thanks for yours as well. Any info on this is good stuff.

....the .pdf I attached references Congress.gov, but I've yet to seen any summary like the .pdf. I'd assume UBS put that together, but then I'd guess they'd put a legal disclaimer in it as well, which they don't....

I also still think that there are lots of details remaining to hash, and I'd bet 2 months before money starts flowing....

[Mr. Plow]

Originally Posted by mililo4cpa

Thanks for yours as well. Any info on this is good stuff.

....the .pdf I attached references Congress.gov, but I've yet to seen any summary like the .pdf. I'd assume UBS put that together, but then I'd guess they'd put a legal disclaimer in it as well, which they don't....

I also still think that there are lots of details remaining to hash, and I'd bet 2 months before money starts flowing....

That's my feeling as well. More info the better. Us small businesses need to stick together to make it through this.

[notorious]

Originally Posted by Mr. Plow

Us small businesses need to stick together to make it through this.

This thread has been a tremendous resource. Thank you, everyone.

[SAUTO]

Originally Posted by mililo4cpa

Thanks for yours as well. Any info on this is good stuff.

....the .pdf I attached references Congress.gov, but I've yet to seen any summary like the .pdf. I'd assume UBS put that together, but then I'd guess they'd put a legal disclaimer in it as well, which they don't....

I also still think that there are lots of details remaining to hash, and I'd bet 2 months before money starts flowing....

im willing to bet you're probably closer on the timeline than mnuchen... he said you should be able to go to your bank end of next week or first of the next and get money same day

[mililo4cpa]

Originally Posted by SAUTO

im willing to bet you're probably closer on the timeline than mnuchen... he said you should be able to go to your bank end of next week or first of the next and get money same day

I'd tell my clients they're crazy if they think that....for what it's worth.

Rule of thumb: If you think something will take a week, it'll take a month. If you think it will take a month, it will take three. If you think it will take 3 months, it will take a year.....uncanny how often that holds true, particularly when it comes to business transactions....


With that said, they are going to want to get money in the hands of business sooner rather than later, but still mountains of details to work through....