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United Motorcoach Association's Personal Meeting Room - Shared screen with speaker view
warren
42:04
Greetings everyone: Master's Touch Christian Charter Services, Prescott Valley, AZ
DebS
43:52
Good afternoon from Freedom Excursions, PA
larrykillingsworth
45:41
Welcome!
United Motorcoach Association
47:18
Hi Kevin!
BillW
49:15
Hello all
kerriesink
49:53
hello
Anna
50:10
Good morning from Fresno, CA
Sardo
50:13
Hi
D'arcy
50:47
Greetings Everyone - from D'arcy at Lily Coaches in Bothell, WA
Jerri Smith- Good Time Tours
50:50
Hi, from Pensacola, Florida
Michael Burdick
50:56
Good Morning from Northwest Passage Charter in Bremerton, WA
Mary Kay McGuinness
50:59
Good afternoon from Ontario Canada...MK at DeNure Tours
Rhonda Bilbrey
51:15
Hello all from Texas!
Connor
51:39
not started yet
Antonio Thomas
52:25
Good Afternoon Everyone, This is Antonio Thomas Membership Manager for the United Motorcoach Association.
Marcus - Las Vegas Bus Sales
52:30
Greetings from Las Vegas!
larrykillingsworth
52:47
The voice of the UMA!
Montano's Transportation
52:58
Hello everyone,
Jon/ Master's Touch
53:14
Greetings from Master's Touch Tours in Prescott Valley, AZ
Montano's Transportation
53:15
this is Carola from Montano's Transportation, Inc.
Heather Cole - Abbott Bus Lines
53:29
Good afternoon everyone!!!!
Patricia Cowley
53:34
Greetings, all :-)
Brandon Knepp, Dean Trailways
53:34
Hello from Dean Trailways, Lansing, MI
José Gómez
54:14
Good morning. Jose Misioneros Inc in El Paso TX
United Motorcoach Association
54:25
Let's go!
Ryan
54:57
Good Afternoon, Ryan with TCF is on.
Wendyl Swartzentruber
55:21
Hello from OHio
Dixieland Tours
55:23
Louisiana
UNION TRANSPORTATION OF AMERICA
55:26
fresno california
Art Moreno
55:31
Hello Everyone, (Art with Quality Assurance Travel )
Tom Holden
55:33
Charlotte NC
Pat
55:37
California
Chris Liang - UBT
55:41
Hi All! Greetings from Chris Liang - UBT!
tpederso
55:43
Greetings from MN! Tony Pederson here from MCI.
Randy Angell ( Temsa NA)
55:51
Minnesota says hello!
Janet Cathey
56:09
Hello all Janet Cathey from MCI
Mike Deeb-Saucon Technologies
56:33
Long Island, NY
Clarence Cox
56:46
Greeting from Georgia Coach Lines
Roxanne Gillis
56:47
Hi Everyone from Oregon
Leslie Ortiz
57:00
Hi Leslie with Wynne Transportation
Basey
57:11
Good afternoon, from California
Rachel
57:21
Good Afternoon! Rachel from USA Tours/USA Express
Mary Presley
57:31
Clap clap clap
Doug Woodie
57:33
Cross Country Tours, Inc. Spartanburg S.C.
simba
58:00
Sam from San Francisco Deluxe Tours. Good morning all
Hazel
58:12
Hello everyone, Hazel Dance, Champion Coach, Greenville, SC here
kerriesink
58:19
Hello, Kerrie from Coast To Coast Charter & Tours in Michigan
Ryan Benjamin
58:27
Hello from Denver, CO
larrykillingsworth
58:38
Welcome all!
MnichowskiC
58:40
Hello from Kansas City
Fire
58:42
Hello from Asheville North Carolina
Francisco Casillas
59:01
Hello!! Intermex Inc from Los Angeles, California
Peter Shelbo
59:15
BUSBooks wishes all of you our best!
Galaxy Note10+
59:20
Hello from Gabriel, Buckeye Coach
Daniell Mouzon
59:22
Hello all Daniell Unlimited Tours & Charters, LLC Baltimore, MD
warren
59:37
We were approved for the PPP a week ago. Still haven't seen any funds. Also, applied twice for the EIDL and haven't heard anything.
davida
59:46
Beyond the 8 weeks of the current PPP is the big question
simba
59:52
we applied for the EIDL Disaster loan on 3rd April, got a reply from SBA with a number, but no one contacted us since then. when will someone call or email us
ginny
01:00:25
Haven't received anything here yet. It is disgusting that some colleges in California received millions when they already have hundreds of millions and even one with 1 billion in endowments in their coffers.
Shawn Mayers
01:00:39
How long before we apply again for the EIDL loan if we applied 2 weeks ago and heard nothing? Do we keep filling information
Francisco Casillas
01:01:19
We received the EIDL loan and the advance. Still waiting on the PPP.
Sharon
01:01:26
Is the $10,000 advance from EIDL forgivable? If so, what is the restriction?
Kelli Nichols, Blue Ridge Tours
01:01:30
We applied 4/2 for EIDL, received the confirmation number from SBA, but have heard nothing since.
Wendyl Swartzentruber
01:01:31
applied in middle of March just received 10k advance...hoping EIDL comes soon
UNION TRANSPORTATION OF AMERICA
01:01:31
ginny you have to call them and they will tell you the process of your application
Rhonda Bilbrey
01:01:37
EIDL loaned applied on 3/31 - heard nothing
Chris Sanches
01:01:45
I applied for the EIDL on 3/24 and just received the $10K yesterday
warren
01:01:50
The lender says that they don't distribute the loans, they come from SBA. How do we get trhe funds?
Rachel
01:02:01
We received our PPP funds within a day of being approved.
Rhonda Bilbrey
01:02:02
PPP applied on 4/3, approved lasts week and $$ in the account 4/20
ginny
01:02:07
they sent an email saying only $1000 available for EIDL and out of money for PPP
kerriesink
01:02:47
We are still waiting on EIDL and PPP
Francisco Casillas
01:02:50
@ Simba March 18, 2020
davida
01:03:02
Q for SBA: If our bank is not a 7(a) SBA approved lender but we have been approved for EIDL, can SBA still fund the loan to that bank?
Joel
01:03:09
Today I heard from our regional SBA office the SBA site is shut down and can not process the EIDL loan is this correct? We tried to reapply and it is the old web site
UNION TRANSPORTATION OF AMERICA
01:03:16
I have a question out the equation can a church qualify for a loan also? you just mention non-profit org can qualify
warren
01:03:31
We've never heard from a loan processor.
Mary Kay McGuinness
01:03:31
We placed an EIDL application on Apr 2nd . Received an email from SBA with confirmation number. Have not heard anything since. Understand it takes time…..but how can I determine if my confirmation number / application is still in the queue to be reviewed?
Pat
01:03:35
is it true SBA is for the wealthyand the poorcompany nothing??
kerriesink
01:03:44
I applied 4 weeks ago and have still heard nothing, they pulled my credit 10 days ago though
Pat
01:04:31
Still waiting!! not one cent!!
jgrzywacz
01:05:00
Will Michael be able to get into detail on PPP forgiveness?
Phil Sockolov
01:05:17
yes, we should be getting to that later
ginny
01:05:54
how does that work for a sole proprietor?
kerriesink
01:06:02
Forgive me, but he isn’t telling us anything we all haven’t already known!!
scotf
01:06:04
signed loan approval a few days ago.... waiting on funding
UNION TRANSPORTATION OF AMERICA
01:06:24
yes
davida
01:06:38
Q on PPP: When are final rules for PPP coming? they are due by 4/27
kerriesink
01:06:41
How about the ppp loan not adhering to our motor coach needs?
Phil Sockolov
01:06:44
what is your ppp foriveness question?
Salter2
01:06:48
Do you have to put all employees back on the payroll?
kerriesink
01:06:51
we need more of a 50/50 ppp
United States Transit Funding, Inc.
01:06:53
oh for Pete sakes
warren
01:06:56
Will employees that are on unemployment be required to come back to work if we ever get the PPP? Otherwise there's no incentive for them to return to work?
Pat
01:06:59
sounds like you are just blowing smoke up my bottom!!
United States Transit Funding, Inc.
01:07:10
this guidance is publicly available
dennis
01:07:33
How about Per Diem, would that qualify as payroll???
Joel
01:07:40
On the PPP Loan has anyone seen the fine print?
davida
01:07:47
When are PPP final rules coming? They are due 4/27.
Tracy.Wolf
01:07:57
Leases for buses would be covered?
Pat
01:08:01
Yes Transit is the word what about us??
Jack
01:08:08
so payroll only cover $100K up for one employee?
ejones
01:08:15
Is interest on vehicle loans forgiveable? not mortgages, but interest on vehicles?
A Luxury Van's And Bus Tours
01:08:17
if my drivers are 1099 how does ppp work can you pay payments on buses
Premier Coaches Northwest
01:08:27
Do Federal Payroll Taxes count under PPP
dennis
01:08:46
Does anyone know when the extra $600 per week extra on unemployment runs our. I have heard 8 week or no later than middle of july but the most a worker can collect is 8 weeks
warren
01:09:25
How can you make lease payments if they only allow 2.5 times your monthly payroll and require that 75% be paid to payroll?
MnichowskiC
01:09:34
So rent on our facilities and rent on our buses can be used?
jgrzywacz
01:09:39
If I only bring back 50% of my people do I still qualify for forgiveness?
Kelli Nichols, Blue Ridge Tours
01:09:45
In Virginia, the extra $600 for unemployment expires July 25, 2020.
simba
01:10:01
some of our employees are paid 1099, can we include them in PPP ?
davida
01:10:23
Work comp is not an forgivable.
kerriesink
01:10:34
i was told you cannot include 1099s
jgrzywacz
01:10:37
Can you expand on the "accrued and paid" in the period?
Pat
01:10:41
Not in Calif. they want their money!!
scotf
01:10:50
Simba... No 1099 people file on their own
eanderson
01:10:56
Do you have a source for 40 hours being the FTE. We have heard 30 hours on other webinars
dennis
01:11:06
what about Per-Deim
karinamatriain
01:11:07
Is AFLAC payments included in payroll costs?
Joel
01:11:28
I am getting information from our regional SBA office that is different is any of this in writing a guide companies to follow?
dbenedict
01:12:03
I heard 30 hours for calculating FTE as well
Shawn - Mayers Charter Services - MN
01:12:19
What about ELD expense and or insurance expense we still incur
Roxanne Gillis
01:12:22
Do the employees have to be the same?
Rob
01:12:28
We received our PPP loan on Monday. With the current stay at home order in place until May, when do I have to put employees back on??
Francisco Casillas
01:12:30
@ simba 75% of my drivers are 1099. I tried to include them in my application with several banks and they all pushed back. As a matter of fact, they took longer to review my application because I submitted all the 1099s. Well, by the time they tried to review my application, the funds were exhausted. On the second round, I am planning not to include them to make sure it does not delay my application.
kerriesink
01:12:57
We need a ppp that allows us to use funds for fleet taxes
Montano's Transportation
01:13:04
With the current stay at home order in place until May, when do I have to put employees back on??
Courtney
01:13:20
How can it only be for the 8 week period begin the day we receive our funding? I have learned that we can return EE to payroll by June 30th … so how can we begin on funding date when we need time to communicate and return our EE to payroll?
kerriesink
01:13:38
Is it true you have to go with a bank the holds your account? And if you are turned down from that bank, can you apply through another bank?
jgrzywacz
01:13:53
What happens if I pay 50% to payroll of the PPP?
Tom McCaughey
01:14:08
can we use the PPP at such time that it makes sense? bring back workers when business starts to move again
Roxanne Gillis
01:14:12
Do the payroll "categories" have to be the same? ie. %drivrers,, admin as last year same period?
paul
01:14:17
From Paul at CCC
United Motorcoach Association
01:15:15
UMA will provide the latest on the PPP FAQ in today's Newsflash which comes out later today.
Wendyl Swartzentruber
01:15:27
If some workers make more on unemployment because of xtra $600 federal income and don't want to come back on the PPP plan are they required to come back or do they have a choice.
A Cal
01:15:40
the ppp just gets tax back to the government and get people off UE where it cost the government to pay
Mary Kay McGuinness
01:15:41
PPP - my understanding is that the forgivable portion is for the payroll amount paid in the 8 weeks after loan is disbursed AND # of employees returned to payroll. However, actual request for forgiveness is applied for after Jun 30th....if you are able to return the number of employees before Jun 30th, they will not penalize for not having them there during the 8 weeks. ??
Francisco Casillas
01:15:42
@ Simba I highly suggest that just to make sure you get something, before the funds are gone.
Courtney
01:15:50
But we have been told we have until June 30th to return EE
davida
01:15:54
We need PPP final rules - too many items subject to interpretation.
ginny
01:16:03
so after 8 weeks when the money is used and there is still no business, they are unemployed again.
Ryan
01:16:11
Kerriesink, yes most lenders are requiring you to have a deposit account with them prior to Feb. Unsure what the next step is in the event you would be turned down.
Anita O'Hear Bedore Tours, Inc
01:16:21
will we get final rules next Monday??
scotf
01:16:24
Wyndle: If they refuse to return to work they are no longer eligible for unemployment
Adnan
01:16:34
if we have not heard back on a update on our EIDL application, is there a way to find out where that stands in the process?
A Cal
01:16:41
I have received the PPP two weeks ago
paul
01:16:47
if our payroll is less than 75% of the loan, would that lower amount will be reduced from the loan balance and for given or thr PR has to be 75% of the loan
Pat
01:16:53
Please do not say its ezie!! Its not all I get is the runaround and wait!!
kerriesink
01:17:07
Im with Chase Bank, they haven’t approved or denied me yet, but I literally applied a month ago!!
ginny
01:17:11
done it all--still nothing!
Montano's Transportation
01:17:18
if we have not heard back on a update on our EIDL application, is there a way to find out where that stands in the process?
Matt Everett
01:17:52
Can you be clear that interest on loans for coaches can be forgiven. And that lease payments on coaches can be forgiven. The answer before wasn't concise.
Alan Thrasher
01:17:56
Has this guy heard about our problem with timing? He didn't address our problem.
Pat
01:18:02
SBA you do not!!
ejones
01:18:16
I sure envy the operators who feel after 8 weeks (late June/July) that believe you will have business. It seems 'every' event in our area that would require transportation other than weddings is being canceled for summer at least. This is going to be a long pain.
Jerri Smith- Good Time Tours
01:18:17
If Ispend 25% of ppp on qualifying bills and only 50% of ppp on salaries at the end of the 8 week period and keep the rest.... Do I pay 1% on the entire amount or just on the amount not spent?
David
01:18:22
Can you pay the employees with one payment for the 8 week period or does it have to be 4 separate checks?
eanderson
01:18:40
Do you have a source for 40 hours being the FTE. We have heard 30 hours on other webinars
Innovative Coach
01:19:00
should we reapply for PPP if we haven’t heard from a lender? if not how can we withdrawal our application from a non-responsive lender and reapply with a new lender
Phil Sockolov
01:19:20
apply at multiple banks if possible
Phil Sockolov
01:19:37
you don't need to withdraw your other applications
STEVE COTTLE
01:19:48
STEVE COTTLE, BROOKSHIRE CHARTERS, ASHEVILLE, NC HELLO EVERYONE...
STEVE COTTLE
01:19:55
IV EGOT JIM
Joel
01:20:35
if we received the PPP then we fall under the 25/75 rule and have to put employees on immediately? if ruling changes to 50/50 and goes to end of the year how does that work ? Would we get an extension?
warren
01:20:39
Just apply again with another lender. You can only receive one PPP loan. Take it from the first to offer it to you.
kerriesink
01:20:52
Phil, I thought you have to hold an account?
Stephen Story
01:21:32
During the last week of the program, payroll is incurred, but it is not paid until it is processed 2 days after the end of the 8 week period. Can the incurred payroll be used in the total even if it is paid after the 8 week period.
Salter2
01:21:35
Zero business and summer trips cancelling daily.
Administrator
01:21:37
On TRAK Transportation, LLC
Administrator
01:21:45
What if I'm an owner operator with 0 employees? It doesn't appear that I qualify for PPP not EIDL. Can you advise?
eanderson
01:23:21
Do you have a source for 40 hours being the FTE? We have heard 30 hours on other webinars.
Jon/ Master's Touch
01:23:24
Nope nope not gonna say it.
CONNEXXIONS BUS - Orlando, FL
01:24:34
Question for SBA: We were approved for the PPP Loan last Wednesday. we even got the SBA approval number. However, according to regulations, they have 10 business days to fund the loan, and the lender seems to be behind in underwriting. Do we loose the assigned funds on the program due to this delay?
kim
01:25:20
Hello everyone, Transouth Motorcoach received a payment EIDL yesterday.
Francisco Casillas
01:25:55
@ Trak Transportation LLC: You do qualify for PPP. LLC's and independent contractors need to submit their 1099 and the propert tax forms. The loan amount will not be based on payroll but in the compensation , wages cash you made.
Pat
01:26:11
I see most bus companies in Calif will go under because of C.A.R.B. we have no future and no one will help !! I feel UMA has forgot about Calif!!
NextStep Funding Solutions
01:26:17
Kim - Did you get actual loan funds or the advance?
Michael Burdick
01:27:07
If you submit to one lender for the PPP and get rejected because they want more information beyond what you supplied and want me to reapply. Can you reapply with a different lender? Chase is where I applied because of my business account.
Pat
01:27:17
All the money we get here in Calif. will be wasted unless we get help to fight C.A.R.B!!
larrykillingsworth
01:27:58
UMA has not forgotten about California…staying connected through the CBA. Want to help in any way.
kim
01:28:04
Advance, still waiting on PPP.
ginny
01:28:05
so what I am seeing is no owner-operators are getting anything from either area at this time. any small California companies get any funds yet?
Francisco Casillas
01:28:16
@ Michael: you can submit a PPP application with multiple lenders. If a lender submits your application to the SBA's E-Tran system and you have already been approved by another lender, it will notify them of your approval. You cannot, however, accept or receive multiple PPP loans.
Administrator
01:28:50
Thanks Francisco. My bank doesn't seem to want to entertain that I report zero employees. I'll keep trying.
paul
01:29:10
Can we include Independent contractors like Mechanics & cleaners under our 75% payroll or we have to change them to FT employee going forward.
kerriesink
01:30:15
Don’t you have to hold a checking OR savings account at the bank you apply too?
Jim Torrisi
01:30:38
On the Boston FOX affiliate today a segment on the status of the Motor-coach Industry was aired. Don DaVivvo and Scott Riccio spoke
NextStep Funding Solutions
01:30:40
Michael - Try to apply with a small community bank. They have less volume and can improve your chances of getting approved/funded. 100% of my clients that applied with smaller banks have received funding
Phil Sockolov
01:30:47
1099 employees are not included in the payroll calculation for the PPP
kerriesink
01:31:18
Has anyone in Michigan been approved?
rebeccav
01:31:27
1099 contractors are NOT employees
Ryan Cupp
01:31:34
yes
NextStep Funding Solutions
01:32:23
@ Kim - how long from the initial application to your advance?
kerriesink
01:32:57
Great job Ryan
warren
01:32:57
We applied more than a month ago and haven't heard anything yet.
MATT DANCE
01:33:29
I agree. We all work hard. Price must remain strong!
paul
01:33:30
can we hire new employees or move our Independent contractors to FT Salary employees to reach our 75% payroll limit?
kerriesink
01:33:49
i heard yes Paul
José Gómez
01:33:54
@Kim- Which Bank helped you?
rleanna
01:34:04
Please share checklist if possible.
kim
01:34:30
Morris Bank, local to GA
United Motorcoach Association
01:34:43
The checklist will be posted on our www.uma.org/covid19 page and in the UMA Newsflash.
paul
01:35:03
Paul from CCC in Los Angeles: Ryan from TCF bank was fantastic and very helpful in getting our PPP loan funded, Thanks Ryan & TCF
eanderson
01:35:26
Do you have a source for 40 hours being the FTE? We have heard 30 hours on other webinars.
DebS
01:35:34
thank you Jim McCann. look forward to your checklist
Phil Sockolov
01:35:41
list of questions: Do they have to work 40 hours to be a full time employee? Other people have heard 30 hours
Phil Sockolov
01:35:53
On the PPP, what amount is forgivable if you use less than 75% towards payroll. For instance if you only use 50% or 25% what would be foregiveable?
Jeff Goldwasser
01:35:54
Ryan does a good job !
Ana
01:35:55
Same here, Ryan from TCF was the best to work with to get our PPP funded!!!
Alfonso Hernandez
01:36:23
how can I contact Ryan
Ryan
01:36:39
Glad to have helped.
NextStep Funding Solutions
01:37:12
Has anyone applied for an SBA 7a loan to refinance their buses for a longer term to reduce their monthly expenses?
warren
01:38:04
There are huge penalties for refinancing leases.
United States Transit Funding, Inc.
01:38:16
8 weeks
Carole
01:38:23
That's going to hurt
United States Transit Funding, Inc.
01:38:26
not even enough time to be considered a bridge loan
Randy
01:39:07
Good afternoon from Blue Lakes
Jon/ Master's Touch
01:40:47
Define FTE! 30 or 40 hours per week?
chris
01:41:34
How do you work your 1099’s or employees if your business has to be shut down?
Salter2
01:41:50
@ Chris.. EXACTLY
warren
01:42:04
Do you have to establish a new checking account just for payroll to prove you've used the money?
Ana
01:42:58
What about EIDL application, not PPP application?
Anita O'Hear Bedore Tours, Inc
01:43:10
why subject workers to possible infection, thinking it's safer to pay them to stay home until you have work for them
ejones
01:43:17
What are the odds of getting the EIDL approved? I am afraid of using my PPP funds and they run out and then not getting the EIDL loan and at the end of 8 weeks...….I have zero funds to keep going. This is scary. Would be nice to know if we could actually count on the EIDL before burning the PPP out.
NextStep Funding Solutions
01:44:00
@ Warren - opening a new account exclusively for use of your PPP loan funds is a good idea. Organization is key when having to prove things up with your bank.
A Luxury Van's And Bus Tours
01:44:11
do you have to pay a fee for funds
CONNEXXIONS BUS - Orlando, FL
01:44:33
We are on day 7
ginny
01:44:38
would like to stop jumping through hoops and actually receive something meaningful and useful to stay viable
CONNEXXIONS BUS - Orlando, FL
01:44:40
what happens after the 10 days
Michelle Moore
01:44:44
If we are still under quarantine when we receive our funds, how can we be expected to hire everyone back?
rebeccav
01:44:52
1009 contractor payments should not have been included in the payroll calculation on the application because they are not employees with wages
Michelle Moore
01:45:04
This loan does not make any sense to our industry.
Dan Dipert Coaches
01:45:08
I've applied at three banks and may make it four today. I'm glad to hear that is a good strategy.
CONNEXXIONS BUS - Orlando, FL
01:45:12
THANK YOU, I've been trying to get that response forever!!!!!!
kerriesink
01:45:51
Please mention this PPP percentage not beneficial to motor coach industry!!!
warren
01:46:47
I've received an approval more than a week ago. HAVEN'T SEEN ANYTHING YET. It would be nice to get answers.
debby bernier
01:47:29
so do employees have to work full time to be counted in the ppp loan forgiveness?
Salter2
01:47:44
Someone please clarify. Can we pay in a lump sum or continue paying payroll as you currently have it set up
jgrzywacz
01:47:56
What happens if I only use 50% of my PPP for Payroll?
warren
01:48:09
How can you use the PPP through the end of the year if it's for the 8 weeks following funding?
simba
01:48:19
How much are the EIDL loan amount that SBA is loaning out
Roxanne Gillis
01:48:22
if you received the $10K advance, does it ensure one will receive the EIDL?
ginny
01:48:24
I was told EIDL limited to $10k. That won't last long if it ever comes
José Gómez
01:48:31
How do you estimate the amount you can get from EIDL Loan?
ejones
01:48:33
Yes, we have applied long ago, and I would sure breathe easier if we could get assurance of approval of EIDL loan...but it has been weeks now, and all we have is a 'number'.
davida
01:48:42
We need congress to fund PPP through 12/31. All problems solved.
Rosemary Spann
01:48:43
I applied for the EIDL loan on 4.1.20 and got an application number but no response. Should I re-apply?
Michelle Moore
01:48:51
We thought it would be a good idea to pay off some of our loans with the EIDL loan. However, you have to put up your house for collateral. My accountant reminded me we can always give our buses back to the bank, but we can't save your house if we use this money to pay off our high interest leases.
MnichowskiC
01:49:04
How is the EIDL loan amount computed
Ryan Cupp
01:49:17
thanks ken
United States Transit Funding, Inc.
01:49:20
We need Congress to provide a direct appropriation in the form of a FTA grant program based on total expensing and total of 2019 mileage
Jared
01:49:26
Most of the payroll % is to get the funds forgiven, what if you pay little payroll and use funds for other expenses and expenses to stay in business
Rosemary Spann
01:49:40
same here
davida
01:49:55
$500,000 in payroll costs? $500,000/75% = maximum forgiveness.
Rosemary Spann
01:49:59
our expenses out way our payroll
jgrzywacz
01:50:12
When will learn of the final ruling of the forgiveness formula
Joel
01:50:19
Who does have this information one how these calculations work for the PPP?
José Gómez
01:50:25
Can we still apply for EIDL or is it too late?
eanderson
01:50:33
Did my PPP application overwrite my existing applications from the EIDL?
Ana
01:50:39
Can we talk about EIDL approval process and timing?
Autumn Dipert Brown
01:50:45
For EIDL, I called the SBA at 800-659-2955 yesterday. If you have an application number from the SBA, they can look up where you are in the process.
Rhonda Bilbrey
01:51:00
On PPP - can I KEEP the unused portion beyond 8 weeks and simply pay the 1% interest
ginny
01:51:12
Please address sole proprietors at some point with these programs.
Jared
01:51:15
you still can apply for EIDL and for PPP
CONNEXXIONS BUS - Orlando, FL
01:51:16
IN REFERENCE TO THE EIDL, HOW IMPORTANT IS THE PERSONAL CREDIT SCORE FOR APPROVAL OF THE EIDL?
Innovative Coach
01:51:22
is it forgivable at 50% if that’s all that was spent on payroll or so we have to hit 75%
ejones
01:51:35
I can't get through to them, tried a few times Autumn
chris
01:51:43
Yes you want to complete the streamlined application
Jon Eckhoff
01:51:58
The site for the EIDL loan application is closed. It says, "Notice: Lapse in Appropriations." Will it open up again tonight for applications after the vote?
Connor
01:52:10
Hi all. Last week they gave the airlines Amtrack Transit Billions in grants/loans. Any news on the motorcoach industry? Jimmy from Venture Tours.
United States Transit Funding, Inc.
01:52:13
that is correct Jon
Autumn Dipert Brown
01:52:16
I had no problem yesterday. Call that number specifically. I was only on hold seven minutes. Blew my mind.
warren
01:52:25
I applied on the new short form. Got an application number. Never heard anything else.
ejones
01:52:28
Thanks Autumn. I saved it. :)
scotf
01:52:40
Jon: After DJT signs it.
davida
01:52:54
PPP through 12/31 or we willl all be in the same position in 8 weeks.
Ryan
01:53:01
Jose, I believe the SBA site indicates they are unable to accept new applications at this time.
United States Transit Funding, Inc.
01:53:12
Connor - we are working on it. The FTA needs to be appropriated funding for a direct grant program.
kerriesink
01:53:32
I did that, it is, but they tell you nothing else
Pat
01:53:37
UMA are you going to help with C.A.R.B. yes or no?? in California? We all need to know you are our only hope to lobby this!! If not let us know...Help Us Please..
Jeremiah
01:53:38
8006592955 is SBA there is no waiting, someone will answer instantly.
Dixieland Tours
01:53:42
I called that number earlier and was told that she could not look up the number
United Motorcoach Association
01:53:44
1(800)659-2955 - contact SBA to ask if your application is in the system.
Autumn Dipert Brown
01:53:47
They told me yesterday that they do a credit check first and that they were very backed up.
Mary Presley
01:53:49
I spoke to several people that got their EIDL Funds today I just got off the phone with SBA and they were able to tell me that I am in the sue and gave me my loan number. The representative was very helpful and was able to tell me I would be hearing something soon about the loan.
Salter2
01:53:50
I did that this morning and the lady said she had no way of telling me anything about my loan
Rachel
01:53:54
The Airlines have received billions of dollars... I have found nothing for Motorcoaches. :(
Innovative Coach
01:53:57
they say they can’t look anything up. just boiler plate statements
kerriesink
01:54:18
is that a good sign that they already pulled my credit 10 days ago?
Mary Presley
01:54:23
I must have got lucky
davida
01:54:38
Motorcoaches have received PPP for our industry. We need this extended through 12/31.
Anita O'Hear Bedore Tours, Inc
01:54:42
can we use eidl loan for other than working capital_ eg can we pave our parking lot???
Autumn Dipert Brown
01:54:45
I would say... Yep!
Rhonda Bilbrey
01:54:53
@Salter - how long were you on hold this morning?
chris
01:55:20
If you got your credit hit from SBA then you are probably well on your way. We were
Salter2
01:55:31
Not on hold at all
Rosemary Spann
01:55:41
How do you get a SBA counselor/mentor?
simba
01:56:26
how much is the government allocating for EIDL ?
Pat
01:56:28
This is why you need to have money to get a SBA loan
Joel
01:56:35
you can not use EIDL loan for capital improvements such as paving your yard
davida
01:56:43
PPP is an existing program approved by congress. With social distancing, we all are facing a long road back. Our industry needs PPP through 12/31.
jgrzywacz
01:56:46
I contacted the local Small Business Development Center for help
Michelle Wiltgen
01:56:48
is the americassbdc.org where to go for sba help?
STEVE COTTLE
01:56:57
THANK YOU ALL!!
ejones
01:57:07
must be nice to be so flush in business you can pave your parking lot...………..I am envious.
warren
01:57:07
Thank You!
chris
01:57:13
Thank you
Ryan
01:57:23
Thank you, have a safe week.
Pat
01:57:25
of course nothing about Calif and carb!!
Jon/ Master's Touch
01:57:29
Thank you!
Montano's Transportation
01:57:30
Thank you
José Gómez
01:57:36
Thank you
LILY COACHES LLC
01:57:39
THANKS FOR INFO EVEYONE BE SAFE AND DAY BY DAY
davida
01:57:42
PPP through 12/31
Brian A
01:57:44
PPP Works FOR ME! Need it through 12/31. if Social distancing exists bussing will not
Owner
01:57:48
Many Thanks!
Wayne
01:57:50
Thanks Great Job from AGAPE
United Motorcoach Association
01:57:56
The recording and slides will be on the UMA website later today. We'll also have reporting on both speaker presentations in Bus and Motorcoach News.
jameshey
01:57:59
Thank You
Glenn Every
01:58:03
Thank you!
Jeff Vint
01:58:05
Thank you!
kerriesink
01:58:13
thank you