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04-07-2020, 12:18 PM | #2 |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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Posts: 2,929
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04-07-2020, 12:34 PM | #3 |
Colorado Chief Fan
Join Date: Feb 2006
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Chase finally opened up today for submitting applications.
Just got done with mine. Sure hope it comes through quick. My business is down over 60% the last two weeks with no sign of improving anytime soon. |
Posts: 5,589
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04-07-2020, 12:41 PM | #4 |
Shit
Join Date: Jun 2008
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Posts: 55,715
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04-07-2020, 12:50 PM | #5 |
Colorado Chief Fan
Join Date: Feb 2006
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Posts: 5,589
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04-07-2020, 04:48 PM | #6 |
Veteran
Join Date: Apr 2002
Location: Jupiter, FL.
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I shut it down yesterday and furloughed everyone including myself. I couldn’t expect ownership to keep funding payroll with no work being done and no revenue being generated. I’ve applied for both EIDL and PPP so we will see what happens. Sucks. First time I’ve been unemployed in 32 years and unemployment is a major league hot mess in FL. Website looks like something from circa 1998 geocities.
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Posts: 3,836
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04-07-2020, 01:14 PM | #7 |
Fish are scared of me
Join Date: Nov 2001
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You landlords that filed the EIDL, what did you put in the "cost of goods sold" line?
The property value?? |
Posts: 40,379
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04-07-2020, 01:18 PM | #8 | |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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Quote:
it will ask you what industry...I put real estate; then leasing...if I remember correctly. |
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Posts: 2,929
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04-07-2020, 05:08 PM | #9 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,379
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04-08-2020, 03:31 PM | #10 |
Colorado Chief Fan
Join Date: Feb 2006
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So, I applied for the EIDL today and there wasnt anywhere to ask for an amount?
There was a box to check if you are interested in the quick 10K but thats it. Does anyone know if they use a formula to determine how much you qualify for or maybe they ask you later how much you want? |
Posts: 5,589
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04-08-2020, 03:49 PM | #11 | |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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Quote:
No one has stated what "up to 10K" means. Some talk on the street is that you get $1K for every employee stated in your initial app. Hope that is wrong. |
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Posts: 2,929
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04-07-2020, 01:47 PM | #12 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 56,882
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04-07-2020, 05:06 PM | #13 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,379
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04-08-2020, 05:51 PM | #14 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
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Had a client today that state he received confirmation from SBA on loan approval, and the bank has final signature documents. I personally have not seen this, nor has my field guy, so I'm skeptical that this is the final step to funding (we're trying to get a copy of this doc to see what it says), but if this is true, this is VERY impressive work by the SBA. Again, skeptical that this isn't simply more underwriting documentation from his bank, but again, would be very impressed if what he says is true....
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04-08-2020, 06:50 PM | #15 | |
Colorado Chief Fan
Join Date: Feb 2006
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Quote:
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