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Old 03-26-2020, 09:25 AM  
Trivers Trivers is offline
Always ask 'Why?"
 
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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..
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Old 01-08-2021, 11:26 AM   #691
mililo4cpa mililo4cpa is offline
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Join Date: Jan 2017
Location: Orlando, FL
Quote:
Originally Posted by Buehler445 View Post
So I got this from here.



Am I reading this right, that if I have any quarter in 2020 that's less than the same quarter in 2019, I'm eligible for PPP2?
I think you are reading this correctly.....this is similar language the SBA uses for EIDL loans ties to hurricane damage, natural disasters, etc.
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Old 04-01-2021, 12:25 PM   #692
Mr. Plow Mr. Plow is online now
In Search of a Life
 
Join Date: Dec 2005
A little over a year later, wanted to check in on everyone. How did the year go?
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Old 04-01-2021, 12:29 PM   #693
Bugeater Bugeater is offline
The Maintenance Guy
 
Join Date: Sep 2005
Location: Renovated Bugeater Estate
I died from teh Covid a few times. Other than that, it went swimmingly.
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Old 04-01-2021, 12:33 PM   #694
notorious notorious is offline
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Join Date: May 2005
Location: Who knows?
Busier than ever.

Need two employees badly. Hoping for a Mennonite miracle.
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Old 04-01-2021, 12:35 PM   #695
IA_Chiefs_fan IA_Chiefs_fan is offline
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Join Date: Jun 2002
We broke all kinds of revenue records over the past twelve months. We had a 3-4 week downturn last March/April and sales have been insane ever since. Pre-covid there were 31 of us and now there are 36. Adding five jobs during a pandemic is pretty cool.
It has been extremely difficult trying to keep up with COVID requirements and best practices but we've gotten through. I've mostly had a great supporting cast. One shithead threatened legal action over us just trying to keep everyone as safe as possible. I no longer employ him, for a completely unrelated reason, of course.
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Old 04-01-2021, 12:47 PM   #696
Mr. Plow Mr. Plow is online now
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Join Date: Dec 2005
Quote:
Originally Posted by Bugeater View Post
I died from teh Covid a few times. Other than that, it went swimmingly.


Who hasn't died once or twice from Covid?
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Old 04-01-2021, 12:53 PM   #697
Mr. Plow Mr. Plow is online now
In Search of a Life
 
Join Date: Dec 2005
Quote:
Originally Posted by notorious View Post
Busier than ever.

Need two employees badly. Hoping for a Mennonite miracle.


Quote:
Originally Posted by IA_Chiefs_fan View Post
We broke all kinds of revenue records over the past twelve months. We had a 3-4 week downturn last March/April and sales have been insane ever since. Pre-covid there were 31 of us and now there are 36. Adding five jobs during a pandemic is pretty cool.
It has been extremely difficult trying to keep up with COVID requirements and best practices but we've gotten through. I've mostly had a great supporting cast. One shithead threatened legal action over us just trying to keep everyone as safe as possible. I no longer employ him, for a completely unrelated reason, of course.

This is great to hear. We had similar experience. Started out with 31 employees, now up to 36 because the volume is just crazy. Bought & remodeled a new building to expand into. Glad to hear others have had success this past year. I know local contractors & such are booked out just from the volume of jobs they are getting.
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Old 04-01-2021, 01:31 PM   #698
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
Better than I expected. I ended up in the black despite having no business producing a single dryland bushel. Lucky is better than good.

Prices have recovered. That helps. Steel prices have put a stop to the machinery upgrades I was going to make. That doesn’t help. Got my fertilizer bought right (it has went crazy) and some chemical bought right.

All in all I’m pretty fortunate.
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Old 04-01-2021, 05:11 PM   #699
mililo4cpa mililo4cpa is offline
Veteran
 
Join Date: Jan 2017
Location: Orlando, FL
I'd say a lot of my clients were very fortunate for sure.....I'd like to think I helped with that. But there were a few that were severely damaged.....all survived though, and have a fighting chance....but that may only go so far as PPP will take them.
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Old 04-01-2021, 06:26 PM   #700
BigRedChief BigRedChief is offline
Has a particular set of skills
 
Join Date: Dec 2003
Location: On the water
Quote:
Originally Posted by IA_Chiefs_fan View Post
I've mostly had a great supporting cast. One shithead threatened legal action over us just trying to keep everyone as safe as possible. I no longer employ him, for a completely unrelated reason, of course.
any employee threatens legal action against his employer, especially over trying to promote workplace safety deserves to be fired. For a completely different reason, of course. .
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Old 04-01-2021, 08:16 PM   #701
Mr. Plow Mr. Plow is online now
In Search of a Life
 
Join Date: Dec 2005
Quote:
Originally Posted by mililo4cpa View Post
I'd say a lot of my clients were very fortunate for sure.....I'd like to think I helped with that. But there were a few that were severely damaged.....all survived though, and have a fighting chance....but that may only go so far as PPP will take them.
Hopefully things turn around for them.
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Old 05-06-2021, 11:28 AM   #702
Hammock Parties Hammock Parties is online now
I'll be back.
 
Join Date: Nov 2002
Just got a PPP Loan

#socialism



Unfortunately they literally just ended new applications. Got in in the nick of time!
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Old 05-06-2021, 12:29 PM   #703
ghak99 ghak99 is offline
MVP
 
Join Date: Jan 2007
Location: Missouri
Business would be going much smoother if they'd kick a bunch of lazy mother****ers off unemployment.
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Old 05-07-2021, 06:50 AM   #704
FlaChief58 FlaChief58 is offline
SuperChiefs
 
Join Date: Sep 2006
Location: Florida
Quote:
Originally Posted by Mr. Plow View Post


Who hasn't died once or twice from Covid?
I did, but I didn't know it until they did the autopsy to diagnose me
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Old 05-07-2021, 11:06 AM   #705
Hammock Parties Hammock Parties is online now
I'll be back.
 
Join Date: Nov 2002


the PPP loan forgiveness process is ****ing awesome if you have a smaller loan and you're a sole proprietor or independent contractor

literally when you're ready for forgiveness THEY contact YOU and send you the form filled out and you just have to sign it

boom done, free money 4u



you don't even have to submit any bank statements...not a single document

it's not a loan...it's a grant...and it's not taxable....which means i paid next to nothing in taxes this year
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