|
VO-BB - 19 YEARS OLD! Where A.I. is a four-letter word.
|
View previous topic :: View next topic |
Author |
Message |
Deirdre Czarina Emeritus
Joined: 10 Nov 2004 Posts: 13016 Location: East Jesus, Maine
|
Posted: Fri Apr 03, 2020 9:48 am Post subject: SBA Covid-19 assistance |
|
|
If you are a small business that pays salaries, you can apply for the Paycheck Protection Program P today. (Sole proprietors and independent contractors may apply starting April 10)
This one is administered thru local banks. CALL YOUR BANK! Mine isn't on the SBA map, but they are handling these P loans. You can get 250% of your monthly payroll costs.
"Funds are provided in the form of loans that will be fully forgiven when 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."
Here's how banks are rolling out their administration of the P:
Current LENDING CUSTOMERS are being served first, as they already have been vetted by the bank. DEPOSIT customers will be in second position, with non-lending, non-deposit customers being served last.
General info here:
P--Fact-Sheet.pdf" target="_blank">https://home.treasury.gov/system/files/136/P--Fact-Sheet.pdf
Application info here:
https://about.bankofamerica.com/promo/assistance/latest-updates-from-bank-of-america-coronavirus/small-business-assistance _________________ DBCooperVO.com |
|
Back to top |
|
|
Bruce Boardmeister
Joined: 06 Jun 2005 Posts: 7926 Location: Portland, OR
|
Posted: Fri Apr 03, 2020 10:34 am Post subject: |
|
|
Thanks for the info DB! I almost wish I had employees to pay so I could take advantage of this part of the program.
SAG/AFTRA is having a "how to file for unemployment" video seminar next week. First note on seeking unemployment pay is have patience. With 10 million folks seeking funding so far this month phone lines and online application sites are maxed out.
B _________________ VO-BB Member #31 Enlisted June, 2005
I'm not a Zoo, but over the years I've played one on radio/TV. . |
|
Back to top |
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|