...

mililo4cpa · 04-10-2020, 05:43 PM

Quote:

Originally Posted by eDave

****in funny post Mr. Plow.

sums it up perfectly....doesn't it!

dlphg9 · 04-10-2020, 08:14 AM

So im considered an independent contractor and I will probably be applying for the PPP loan today. Anyone else an IC and going to apply?

BucEyedPea · 04-10-2020, 09:33 AM

Quote:

Originally Posted by dlphg9

So im considered an independent contractor and I will probably be applying for the PPP loan today. Anyone else an IC and going to apply?

I am one too. But I will not be applying for any money.

**SAUTO** · 04-10-2020, 09:37 AM

Quote:

Originally Posted by BucEyedPea

I am one too. But I will not be applying for any money.

Bye then. No need to post here.

dlphg9 · 04-13-2020, 08:01 PM

Quote:

Originally Posted by BucEyedPea

I am one too. But I will not be applying for any money.

This whole thing has really screwed up my livelyhood. Work as a general contractor and usually I get calls from people about wanting their roof looked at from a storm. Well we haven't had a storm recently, so to drum up new business I would have to go door to door and people aren't too appreciative of salesman coming to their door when they can't even have family over. So if we don't have a hail storm sometime soon itll be really shitty.

**IA_Chiefs_fan** · 04-13-2020, 08:35 PM

Quote:

Originally Posted by dlphg9

This whole thing has really screwed up my livelyhood. Work as a general contractor and usually I get calls from people about wanting their roof looked at from a storm. Well we haven't had a storm recently, so to drum up new business I would have to go door to door and people aren't too appreciative of salesman coming to their door when they can't even have family over. So if we don't have a hail storm sometime soon itll be really shitty.

I’ll send some good karma your way, brother.

**Buehler445** · 04-14-2020, 07:05 AM

Quote:

Originally Posted by dlphg9

This whole thing has really screwed up my livelyhood. Work as a general contractor and usually I get calls from people about wanting their roof looked at from a storm. Well we haven't had a storm recently, so to drum up new business I would have to go door to door and people aren't too appreciative of salesman coming to their door when they can't even have family over. So if we don't have a hail storm sometime soon itll be really shitty.

Best of luck, friend.

**Trivers** · 04-14-2020, 07:52 AM

Quote:

Originally Posted by dlphg9

This whole thing has really screwed up my livelyhood. Work as a general contractor and usually I get calls from people about wanting their roof looked at from a storm. Well we haven't had a storm recently, so to drum up new business I would have to go door to door and people aren't too appreciative of salesman coming to their door when they can't even have family over. So if we don't have a hail storm sometime soon itll be really shitty.

Hang in There!

Post on Facebook!! I see people asking all the time for contractors.

If you were close to Two Rivers, I have roof and siding work that needs to be done.

**SAUTO** · 04-10-2020, 08:41 AM

Still no word on either of mine... nice

Mr. Plow · 04-10-2020, 10:37 AM

Quote:

Originally Posted by SAUTO

Still no word on either of mine... nice

Me either. Going to email my banker to see if there is any update.

mililo4cpa · 04-10-2020, 01:50 PM

Quote:

Originally Posted by Mr. Plow

Me either. Going to email my banker to see if there is any update.

We've been beating up our banks three times a day, and still no response to our application. I think the big banks are so inundated with volume that they themselves cannot keep track....

All the more amazing that we have the client that already funded....that is definitely the exception, not the rule, at this point.

blake5676 · 04-10-2020, 10:40 AM

Anybody doing theirs through Bank of America? Curious about the process and progress others have made.

My initial app was accepted. About two days later, I got an account/login for their 3rd party system they are running things through with info to again fill out the Loan Amount sheet and PPP Addendum. Filled those out and uploaded them along with my tax/payroll documents yesterday. Seems each step has had about a 48 hour turnaround for next communication.

DRU · 04-10-2020, 11:48 AM

I'm self-employed, S-corp, with only myself on the payroll.

Equity Bank could not have made this any easier on me. Started the process on Wednesday this week, and was funded today. Yes, 3 days total, and about 30 min of my time...max.

* Sent me initial application packet with instructions to calculate forgivable loan amount. Had this filled out in about 5 min.

* Needed to provide 2019 Payroll reports and employer match 401k contribution. I had all of this available in my Google Drive already.

* Equity provided me with a simple drop box to upload the application, worksheet, borrower acknowledgement, and 2019 compensation reports. This was done on Wed.

* Received word early this morning that the loan was approved and just waiting for SBA loan number and promissory note.

* Around noon I received the DocuSign for the loan. Clickety-click, done.

* Cash is now funded in the new business account Equity setup for me specifically for this.

So glad I moved away from Bank of America to Equity Bank 4 years ago. EVERYTHING about them is 1000x better, and now with current events happening and seeing the nightmare people are going through trying to get this stuff with big banks, it just further solidifies that I will never bank with a big bank again.

Equity is regional. They know my name when I walk in and greet me with a big smile. When I call their phone number they immediately pick up and are able to help with whatever I need. When I email they reply back or call within minutes.

I have a HELOC with them as well, and that process was extremely smooth.

Can't rave about them enough.

mililo4cpa · 04-10-2020, 03:37 PM

Quote:

Originally Posted by DRU

I'm self-employed, S-corp, with only myself on the payroll.

Equity Bank could not have made this any easier on me. Started the process on Wednesday this week, and was funded today. Yes, 3 days total, and about 30 min of my time...max.

* Sent me initial application packet with instructions to calculate forgivable loan amount. Had this filled out in about 5 min.

* Needed to provide 2019 Payroll reports and employer match 401k contribution. I had all of this available in my Google Drive already.

* Equity provided me with a simple drop box to upload the application, worksheet, borrower acknowledgement, and 2019 compensation reports. This was done on Wed.

* Received word early this morning that the loan was approved and just waiting for SBA loan number and promissory note.

* Around noon I received the DocuSign for the loan. Clickety-click, done.

* Cash is now funded in the new business account Equity setup for me specifically for this.

So glad I moved away from Bank of America to Equity Bank 4 years ago. EVERYTHING about them is 1000x better, and now with current events happening and seeing the nightmare people are going through trying to get this stuff with big banks, it just further solidifies that I will never bank with a big bank again.

Equity is regional. They know my name when I walk in and greet me with a big smile. When I call their phone number they immediately pick up and are able to help with whatever I need. When I email they reply back or call within minutes.

I have a HELOC with them as well, and that process was extremely smooth.

Can't rave about them enough.

That’s fantastic...seems like the smaller banks were the way to go with this thing...

04-10-2020, 08:14 AM	#3
dlphg9 MVP dlphg9's Avatar Join Date: Oct 2010	So im considered an independent contractor and I will probably be applying for the PPP loan today. Anyone else an IC and going to apply?
Posts: 17,009

04-10-2020, 08:41 AM	#10
SAUTO Shit Join Date: Jun 2008	Still no word on either of mine... nice
Posts: 55,715

04-10-2020, 10:40 AM	#13
blake5676 Veteran blake5676's Avatar Join Date: Oct 2013	Anybody doing theirs through Bank of America? Curious about the process and progress others have made. My initial app was accepted. About two days later, I got an account/login for their 3rd party system they are running things through with info to again fill out the Loan Amount sheet and PPP Addendum. Filled those out and uploaded them along with my tax/payroll documents yesterday. Seems each step has had about a 48 hour turnaround for next communication.
Posts: 1,203

04-10-2020, 11:48 AM	#14
DRU To the Game Join Date: Oct 2003	I'm self-employed, S-corp, with only myself on the payroll. Equity Bank could not have made this any easier on me. Started the process on Wednesday this week, and was funded today. Yes, 3 days total, and about 30 min of my time...max. * Sent me initial application packet with instructions to calculate forgivable loan amount. Had this filled out in about 5 min. * Needed to provide 2019 Payroll reports and employer match 401k contribution. I had all of this available in my Google Drive already. * Equity provided me with a simple drop box to upload the application, worksheet, borrower acknowledgement, and 2019 compensation reports. This was done on Wed. * Received word early this morning that the loan was approved and just waiting for SBA loan number and promissory note. * Around noon I received the DocuSign for the loan. Clickety-click, done. * Cash is now funded in the new business account Equity setup for me specifically for this. So glad I moved away from Bank of America to Equity Bank 4 years ago. EVERYTHING about them is 1000x better, and now with current events happening and seeing the nightmare people are going through trying to get this stuff with big banks, it just further solidifies that I will never bank with a big bank again. Equity is regional. They know my name when I walk in and greet me with a big smile. When I call their phone number they immediately pick up and are able to help with whatever I need. When I email they reply back or call within minutes. I have a HELOC with them as well, and that process was extremely smooth. Can't rave about them enough.
Posts: 2,124	3 0