Lyman
Supportive Member
You have one employee?
Covid 19 - Resources for small businesses
- Thread starter FredC
- Start date
hogjowl
Idiot™
I just spent a few minutes applying for the 2nd round
Kenny Hayes
Member
Since your so lucky, fill one out for me too!
I’d probably have the same odds.
I’d probably have the same odds.
Kenny Hayes
Member
Still none here.
Braggart!!
Joe Appleby
Supportive Member
PPP? Got it today
Kenny Hayes
Member
Braggart!
Mikey P
Administrator
Kenny Hayes
Member
Nope, zip, nada!! March! Application was successful, but zero. No stimulus either. I can be successful with a whole new career by the time I get it, and I’m 68.
Terry
Supportive Member
Applied on march 30th for eidl, emailed that it was received but still waiting.
Terry
Supportive Member
Applied for PPP on April 3rd and finally got notice that SBA has ok it with loan number today.
Terry
Supportive Member
Inc. Magazine and US Chamber of Commerce have a town hall meeting every Friday at noon to 1pm that's very informative on the PPP, EIDL and other issues related to what's happening right now. sign up and if you can't get on live they'll send email with recording.
Terry
Supportive Member
Lastly if you do get PPP it's best to get your accountant involved early to help navigate the reporting and accounting process which is still be finalized.......
hogjowl
Idiot™
Did your accountant tell you that?
Jim Williams
Member
Just got a message from Square saying I was approved for the PPP today. It would be nice to find out if it's really forgivable if I pay myself before I go and use it. Since business is starting to pick up I hate to go in debt if I don't need to.
I think I'll contact my tax lady before I get stuck with a $600 a month payment for 2 years.
I think I'll contact my tax lady before I get stuck with a $600 a month payment for 2 years.
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Kenny Hayes
Member
It (ppp) has caused some contention between my partner and I that we’ve never had in 30 yrs. of being in biz together. I’m like, what the hell, we don’t seem to be getting it anyway, so what difference does it make.
Kenny Hayes
Member
Well bless my soul! My one kid has gotten her first two
weeks of unemployment. All’s good with the world!
weeks of unemployment. All’s good with the world!
Lyman
Supportive Member
I got a email saying they are processing my eidl loan papers.
Mikey P
Administrator
Same, 10k advance has arrived in Scruz work 42k on the way
Kenny Hayes
Member
I got an email as well. So, did you get the advance email?
hogjowl
Idiot™
Did the word “work” sneak it’s way in there by accident, or are you just slow?
Kenny Hayes
Member
Maybe I’m confused by the word advance. I know what advance means, not sure about application. I’m slow, and obviously the pipeline is too.
Kenny Hayes
Member
We got our stimulus money today. It was $243. short. I’m gonna have to go to Bob Mills Furniture here in OKC and let him help me stretch it!
steve_64
Member
- Joined
- Aug 11, 2012
- Messages
- 13,371
Genny got a couple weeks unemployment but that's been it here.
Lyman
Supportive Member
PPP loan got approved today, banker chick says closing next week. No news on eidl or unemployment.
Jim Williams
Member
Ya'll think about this thing awhile before you spend that PPP money. The government has a history of saying they are going to forgive loans and not coming through. The way loan forgiveness works is the government pays the bank off. I have a feeling there ain't going to be that much government money to pay back all these loans.
I'm going to let my loan money sit in the bank a few weeks and if business stays busy I'll probably go ahead and pay it back. I sure don't want to be stuck with a $600 a month payment for 2 years.
I'm going to let my loan money sit in the bank a few weeks and if business stays busy I'll probably go ahead and pay it back. I sure don't want to be stuck with a $600 a month payment for 2 years.
Kenny Hayes
Member
I’m with you there, and as I posted earlier, it caused a little contention between me and mine. But I had 25 employees, and the risk was too great
and too gray for me. The problem I have is half or more are usually off for 2 months in summer, so I could see gray all the way. Just collect unemployment and I won’t worry. I’m too old for that.
and too gray for me. The problem I have is half or more are usually off for 2 months in summer, so I could see gray all the way. Just collect unemployment and I won’t worry. I’m too old for that.
Kenny Hayes
Member
The line everyone including my cpa was using, just use what you need and send the rest back. NO
