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.
Originally Posted by notorious:
People aren't driving as much so you might slow a little. When things get moving again you will probably be overwhelmed.
We are booked over 2 months out right now, and all houses are empty (lucky as hell), but I haven't been receiving as many quote calls. I don't think people want strangers coming into their house, and they really don't want their house tore up when they are stuck at home.
If this is still going strong into May it will suck. I have plenty saved up, but the summer months are when I really make a lot of strides forward.
i'm lucky ive got a couple weeks sitting here. the phone hasnt hardly rang in a week. 2 other shops in town have just closed for now... [Reply]
Originally Posted by O.city:
I contacted my banker to ask about info on it. She says they're still waiting.
So is this the 25k that is forgiven?
the SBA states they expect the loans to be serviced.
However, several talking heads have stated they expect the loans to be forgiven. The problem is then the student loan forgiveness issue is raised. [Reply]
Originally Posted by notorious:
You have to fall within a declared disaster area for EIDL. They might declare the entire US as a disaster area.
kansas and missouri are both in it.
but during the presser yesterday they specifically said to go to your local bank and they should be able to service and pay out most loans in the same day by the end of next week or the beginning of the week after [Reply]
Still paying employees. We will see how this shakes out with the money.Hoping we can get back to work sooner rather than later. We can do a lot from home. [Reply]
Originally Posted by SAUTO:
kansas and missouri are both in it.
but during the presser yesterday they specifically said to go to your local bank and they should be able to service and pay out most loans in the same day by the end of next week or the beginning of the week after
Oh wow.
I didn't know they have declared disaster areas already. [Reply]