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04-07-2020, 11:52 AM | #45 |
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I don't see where to drag and drop anywhere. This is too fucking difficult.
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04-07-2020, 01:18 PM | #46 |
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04-07-2020, 01:25 PM | #47 | |
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I appreciate the help.
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04-07-2020, 01:36 PM | #48 |
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04-07-2020, 03:48 PM | #49 |
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I’m going to be awfully disappointed if they aren’t doing a RONA analysis to determine eligibility
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04-11-2020, 05:29 PM | #50 |
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Just checking in. Anybody else been able to secure the loan? We have not. We did, however get a few more emails from Wells Fargo suggesting that we look around, and on Thursday we received one that basically no way we would get one through them. If you did get it done, please note bank used. Thanks!
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04-11-2020, 05:40 PM | #51 | |
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04-11-2020, 05:44 PM | #52 |
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how long will it take for the 10k EIDL grant to kick in you guys think?
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04-11-2020, 06:00 PM | #53 |
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Fantastic, that is great news! Thank you.
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04-11-2020, 06:17 PM | #55 |
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I submitted information a week ago but haven’t heard anything. Would be good to hear how long it took for anyone else.
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04-11-2020, 06:57 PM | #56 |
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04-11-2020, 07:42 PM | #58 |
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Kind of confused with the PPP loan. 75% of the loan must be used for payroll if you want the loan to be forgiven.
The question is 50% of my company's employees decided they did not want to come into work when the shelter in place was enforced. Since we are basing the average monthly payroll from 2019 W3. The amount is significantly more than what my monthly payroll is now. What happens if we cannot use all the $ given to us for the PPP loan? What happens if we have workers that want unemployment even though we have work for them? $1000 per week is appealing to a lot of people for doing nothing.
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04-11-2020, 07:44 PM | #59 | |
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04-11-2020, 07:48 PM | #60 | |
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well at least we have this thread, i'll likely submit next week. we can keep eachother posted on status. On one hand 10k within the next month (wishful thinking, imo) could prove to be a great help, or it might not get to us for another 3-4 which is likely the scenario i fear. |
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04-11-2020, 08:06 PM | #61 | |
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04-11-2020, 08:08 PM | #62 | |
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04-11-2020, 08:10 PM | #63 | |
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04-12-2020, 11:31 AM | #66 | |
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Loan Details and Forgiveness The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees. Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. This loan has a maturity of 2 years and an interest rate of 1%. If you wish to begin preparing your application, you can download a copy of the PPP borrower application form to see the information that will be requested from you when you apply with a lender.
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