But it’s talking about the refundable payroll taxes. That’s seems of far less importance than the PPP loan at the moment.
Thanks for the help guys.
I'm going to get my filled out and sent to my banker today so that he can look it over before Friday. Once Friday rolls around or when this opens up for applications to be submitted, I'm going to make sure my banker gets mine in ASAP. [Reply]
Originally Posted by stevieray:
I've lost four jobs.
My business is dying a slow death.
That said, I still have hope.
Talk to your bank. There is supposed to be money for sole proprietors as well as corps and LLCs. Not that I know anything about all this, but that’s what I’m reading. [Reply]
Originally Posted by Buehler445:
Talk to your bank. There is supposed to be money for sole proprietors as well as corps and LLCs. Not that I know anything about all this, but that’s what I’m reading.
Originally Posted by stevieray:
I've lost four jobs.
My business is dying a slow death.
That said, I still have hope.
Reiterating what Buehler said - talk to your bank. They'll get you headed in the right direction to help you make it through. There are several different options out there (or will be out there) to help.
I'll put this here for you, and anyone else, that I could help during all of this. The short version - I own an inbound call center and we answer calls for companies all across the country. Nearly 900 customers in all 50 states (and Canada). If anyone needs help taking orders, answering customer questions, setting appts.... whatever you need to keep your business running - shoot me a PM and I'll have my manager (wife) reach out to you. Won't charge you much if anything at all. We're here to help in anyway we can. [Reply]
My renter called the other day and said he couldn't make the rent. Big ideas but the cash is all spent. Good thing I plan for these types of things, but it can only go on so long before other things have to happen. Either way, I took the pressure off him. I said that's okay...just feed me when you can. [Reply]
Originally Posted by mililo4cpa:
Good synopsis....links to other related articles are good as well....
Great article. I was wondering what to do about the professionals on our staff that made more than $100k and I think the article cleared it up. My banker doesn't really know anything that granular. (shocking!)
I was alarmed at the statement in the article about these not being funded for 3-4 weeks. That's really no different than a regular SBA loan, the only difference being is the shorter application and less vetting. That will be too little too late for a lot of businesses. We may be OK, but I know others that won't. Sucks. [Reply]