Applying for the Paycheck Protection Program - Shared screen with speaker view
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During the presentation you can type your questions into the chat box on your screen.
What if your company in presently involved in chapter 11?
Just to confirm, you can include healthcare benefits and state unemployment taxes in your calculation of the loan?
In the Number of employees box do you put just number of full time employees or both part and full time?
In the amount of loan application what does EIDL stand for (or mean )?
I do not have employees. I have 1099 associates. Do I include them in payroll?
is the retirement amount include employee and employer matching
If an entity provides all of the information and fills out the application correctly, can SBA still deny the loan?
I have an LLC and work as an independentt 1099 contractor for 3 diff businesses under my LLc for the last 7 years and I have one 1099 freelancer part time that helps me with marketing. Do I do this PPP or wait for april 10?? My bank BBVA had to close its portal late Friday night and couldn't submit ppp thru them
Did you say that as a sole proprietor I could NOT apply until the 10th? I am self employed and imagine that a Profit & Loss form would be reqiured?
is blue cross is just the employer amount paid. or the total premiums
I have heard that SBA is interpreting the CARES Act to require the reduction of all employee costs--not just the direct compensation amount--exceeding the $100,000 (annually) in eligible loan amount calculation. Has SBA provided CPA firms and other professional consultants with guidance?
But, what about a church that has only part-time employees in counting the number of employees? How do we account for this situation?
EIDL = Ecomnomic Injury Disaster Loan
We have an LLC - Owners have a K-1 - is this included
Then just upload the 1099"s I get??
My company is brand new, started operation in January. Are we eligible?
The PPP form we downloaded from the SA site has a different box at the top to identify company type........where do we find the form you are showing. Thanks you!!!
Yes there a way to get the correct form in an e-sign capacity - the one I was given wont convert toa e sign type form....
What if your bank is not taking them PPP app now bc their portal got overwhelmed - mine is BBva and the portal closed within 3 hours ??
Can you go over the example of how they compare the number of employees you have to have by June 30th to what you have when you get the loan?
The new form is uploaded on The Chamber's COVID site. https://tuscaloosachamber.com/COVID-19-resources/
Will you say more about conditions for conversion of the loan to a qualifying grant?
What if you have had a restructuring of your company and you have less employees as of July 2019 to now than you had in the beginning of 2019?
if a company is an LLc and has only partners (no payroll) and they get a K-1 , if you make payments to the partners as draws ,is that considered a qualified item ?
Is it the “sane number of employees” or “same of employees”?
Being uncertain of how long we might be unemployed, how are to calculate the required loan amount?
Please speak on the April 10 date (I am a P.C.)
Thank you for offering this. Scott was a star!
Thank you!!! Very helpful. Chamber thanks for all that you do. Be safe!!!
Thank you! Very Informative!
Thank you. Great information!!
Thanks so much!!!
Thanks so much