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Paycheck Protection Program Briefing - Shared screen with speaker view
Farrell Borine
28:04
Hi Joy Goldstein - good to see you!!! Hope you are well!
Roberta Clark
29:06
Hi Farrell!\
Matt Moran
29:08
Hello from the Siegel JCC and Camp JCC Delaware!
Andrea Goldman
29:39
Hi from Temple Shaaray Tefila, Manhattan
Robert Teplitz
30:02
Hi from PA. I hope you address the issue of whether there is any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay back a low-interest loan; best case (and likely): it turns into a grant.
Linda Maltz
30:21
Hi from Temple Beth El of Williamsburg, VA
Rebecca Wolin
30:33
Hello from Hevreh of Southern Berkshire
Oksana Cardini
30:34
Hi From Oksana Miami Federation
Rebecca Wolin
30:41
Hi Matt
Amber Powers
30:58
Shalom from Reconstructing Judaism.
Stewart Bromberg
30:59
Can you please clarify the maximum amount of these SBA loans and the calculation of each organizations maximum.
Gamal Palmer
31:10
Hello From The Jewish Federation of Greater Los Angeles
Eileen Freed
31:10
Shalom from Ann Arbor Federation
Bradley Cook
31:21
Thanks for doing this. Hi everyone!
Angela Wachtler
31:24
Hi from Temple B'nai Israel in Clearwater, FL.
Jennifer Fath
31:30
Hello from New Orleans
Martin Radnor
31:41
Hello to all the panelists-Marty Radnor _Shaarei Kodesh , Boca Raton FL
Lila Guirguis
31:42
Hello From Karsh Family Social Service, Los Angeles CA
Liz Fisher
31:43
Thanks so much to the professionals and leadership of JFNA for your work getting nonprofit support included in this legislation!
Shana Erenberg
31:47
Shana Erenberg from Libenu in Chicago
Jonathan Zucker
31:53
Shalom from the Jewish Federation of Broward County
Carla Allen
31:57
Shalom from Denver JCO
Cynthia Jasso
31:59
Hello from the George Kaiser Family Foundation - Tulsa, OK.
Rabbi Arnie Samlan
32:00
Shalom, all, from Orloff Dept of Jewish Ed and Engagement of Jewish Fed or Broward County FL
Barry Marks
32:26
Hello from Pine Brook Jewish Center in NJ
Francine Gordon
32:28
Hello from Cleveland and NYC - Fran Gordon, YLC alum from the 90’s.
Randi Schweriner
32:35
Hi from Temple Sholom in Bridgewater, NJ Thank you, panelists!
Ken Pogrob
32:37
Hello from Congregation Beth Chaim in Princeton Junction, NJ.
Francine Gordon
32:42
Hi Mark Gurvis!
Nathan Heilweil
32:53
Thank you fro Hollis Hills Bayside JC Queens NY
susan Goldman
32:54
Hello and thank you in advance from Congregation B'nai Israel of Boca Raton FL
Ronald Marx
32:56
Shalom from Temple Emanu-El in San Diego, CA.
Danny Mishkin
33:05
Danny Mishkin from Sababa Beach Camps
Ellen Silver
33:37
hi from JFS salt lake , Ellen Silver
Mikki Pugh
33:37
Hello from the Jewish Women’s Archive
Farrell Borine
33:40
Rob???
Leslie Gordon
33:42
Leslie Gordon, The Breman Jewish Heritage Museum, Atlanta
Suzanne Burchill
33:46
Greetings from Friendship Circle Michigan
michael blumenfeld
33:47
Hello and thank you from Torat Emet , bexley ohio
Miles Ross
33:49
Hello from Congregation Beth Shalom in Kansas City
Shlomo Litvin
34:01
Shalom From Chabad of the Bluegrass and the UK Jewish Student Center
Roselle Ungar
34:06
Greeting from JFS New Orleans
rachel berger
34:06
Hello from the Jewish Federation of Greater Philadelphia
Wendy Allyn
34:07
I’m reading/hearing that it could take 30 days for the SBA to accept loan requests. Is that accurate?
Aryeh Wolbe
34:09
Shalom from Houston!
Dana Zedd
34:10
Hello from Friendship Circle in Richmond, VA
Joan Koebel
34:13
Thank you all from OSU Hillel
Elana Frank
34:13
Jewish Fertility Foundation says HELLO!
Sarah VanderWalde
34:17
hi and thank you from Memphis TN.
Dan Cardonick
34:20
Greetings from the Jewish Community Center of Scranton, PA
George McGraw
34:22
Shalom from DigDeep in Los Angeles and the Navajo Nation!
Cristina Vera
34:23
Greetings from Generations Housing Initiatives in Chicago, IL
Sarah Levin
34:23
Hello from jimena.org in San Francisco, California!
vladimir hernandez
34:27
Hello From Ramaz School, NYC
Robert Naimark
34:46
Shalom from the JCC-Federation of San Luis Obispo
Becca Hurowitz
34:46
Hello from Vibe Israel USA!
Amanda Shechter
34:50
Shalom from Yeshivat Maharat
Adam Glinn
34:50
Good afternoon from Adam Glinn of the Jewish Community Center of Middlesex County, New Jersey
Roger Goldenberg
34:52
Hi from Temple Menorah in Miami Beach
Beth Sirull
34:56
Do you have any clarification on the certification we will have to sign to apply for the PPP? Do we have to certify that we have incurred economic injury as a result of COVID19? Or that our continual operations is in jeopardy as a result of COVID 19?
Gregg Treinish
34:59
Hi from Adventure Scientists in Bozeman, MT
Mark Cohen
35:08
Greetings and Chag Kasher V'Sameach from Mark S. Cohen of the Religious Zionists of America
GAIL SCHWARTZ
35:08
Hello from JCC-Federation of San Luis Obispo, California. I’m Gail Schwartz, President of the Board.
Joanna Pines
35:10
Hi and thank you from Yeshiva Torat Emet in Houston Texas!
Matan Koch
35:25
Hello from RespectAbility CA
Jonathan Hanish
35:28
Hello to all from Kol Tikvah in Woodland Hills, CA!
Ilana Snapstailer
35:30
Shalom from Kesher Newton in MA.
Judith Spanier
35:30
Hello from Shaarei Tikvah in Scarsdale, NY
Zhongfang Zheng
35:38
Hi and thank you from StriveTogether in Cincinnati,OH
simmi degnemark
35:39
Hello and thank you from Serious Fun After School, Inc in New York City.
Arnee Winshall
35:44
Hoping everyone is staying safe, healthy and sane!
Dana Zedd
35:50
Please share the SBA email again.
Angelica Leveroni Gomez
36:01
and phone number please!
Rachel Heisler
36:02
With appreciation, from American Friends of Soroka Medical Center
Ken Turkewitz
36:07
Folks, there are a lot of people clogging up the chat with “hi” messages. It’s going to make it difficult to read the real questions and responses. I respectfully ask that the greetings cease.
Andrew Nierenberg
36:19
Hello from Bet Shira Congregation, Pinecrest Florida.
Mark Persitz
36:21
Shalom from Shaarey Zedek in Southfield, Michigan.
Jeffrey Zuckerman
36:30
Thank you, from the National Jewish Outreach Program.
Miryam Kabakov
36:32
Thank you for doing this and hi from Miryam Kabakov and your friends at Eshel.
Brian Thau
36:37
hello from American Friends of House of Hope /Bayit V'Tikvah
Aliza Goland
36:37
can you please post the contact info in the chat?
Harriet Miller
36:42
From Harriet Miller of Ulster County (NY) Jewish Federation. Thank you and stay safe.
Wendy Allyn
36:43
Greetings and Thank You from Gideon Hausner Jewish Day School
David Hecht
37:19
You 04:34 PMAre Clergy that are paid as contractors and not w-2 employees included in the payroll calculation for loan/grant amount?
Barry Dolinger
38:00
Thanks so much! I'm a Rabbi at a medium sized synagogue in Providence, RI where donations have taken a big hit. Question: Will parsonage be "counted" both for purposes of the amount we can request and also as pay in terms of forgiveness. It seems like it should be, but wondering if you have any advice. Thanks!
Shmuel Lipskier
39:42
if my none profit started in oct. 2018 will I be able to get a loan ?
Julia Lisi
40:01
Is the audio breaking up for anyone else?
Miryam Kabakov
40:08
no
Ken Turkewitz
40:57
audio seems fine
Julia Lisi
41:29
fixed it thank you
gabby spatt
41:29
Will you be sending out followup links for applications or do we need to find our own lender?
Farrell Borine
41:54
Yes…Will you be sending out followup links for applications or do we need to find our own lender?
Nicole Gilger
42:19
Any updates on whether parsonage can be included as payroll expense?
kelly sachs
42:22
what about the initial emergency funding that you can apply for on SBA form 5? Should we do that now?
Jonathan Hanish
42:24
Has the presentation changed since yesterday at 4pm pst / 7pm est?
Leonard Petlakh
43:05
is there a collateral requirement for PPL loans?
Suri Roth
43:16
Will I be able to access a video of this webinar later on?
Adam Glinn
43:34
Can you seek an amount equal to the amount that is guaranteed to be forgiven or must you seek the total 2.5 times your qualified expenses?
Gail Baer
44:09
What about grants/loans for orgs greater than 500 employees?
Bruce Yudewitz
44:15
what else should we getting in place in advance of regs.
Adam Glinn
44:20
Are you penalized if some of your currently furloughed employees or those currently on unemployment decide not to return to work?
Bradley Cook
44:39
What about organizations which are fiscally sponsored?
Adam Glinn
45:43
We have a few employees that had informed us that they are retiring at end of the school year. As such they will not be coming back. We are also not retaining 2 employees, upon return. Will we be penalized as to the amount to be forgiven?
Josh Laster
45:56
Parsonage included as compensation?
Austin Razavi
46:03
Hourly employees?
Myra Gold
46:13
1099 security and cleaning staff
Austin Razavi
46:19
Thank you!
Robert Teplitz
46:21
Are these costs for only full-time employees? What about hourly workers such as custodian and religious school teachers?
Elana Frank
47:00
I just hired another full time employee in January 2020....
Gilad Skolnick
47:08
How about employees technically employed by the Jewish Agency, but for which we make financial contributions for?
Nancy Bott
47:18
I thought the calculation was 2.5 x average monthly payroll cost over one year x 4.5 months (Period Feb 15-June30)
Ted Flaum
47:21
We have a shlicha who recently returned to Israel but is working remotely from Israel but hopes to return to the US to finish her shlichut. How would we calculate her salary?
Aliza Goland
47:48
what about independent contractors?
Amy Osiason
48:09
1099 workers yes or no?
Jason Kustron
48:10
Could you please clarify the mortgage aspect? Also share a link to the guidance for what to include in the explanation letter?
Adam Glinn
48:15
We also have preschool teachers who are hourly whose yearly contracts end in June 2020, the end of the school year. They would not be coming back until and unless they were given new contracts for September 2020. How does that work as to loan forgiveness and calculation of loan amount?
Shana Erenberg
48:16
Is FICA included in the scary calculations?
Noreen Dratch
48:35
PLEASE, are 1099 Contractors included?
Aliza Goland
48:41
do we need to itemize the economic hardship?
Melissa Harkavy
48:49
Do market effects on endowment funds be considered harm?
Amy Osiason
48:57
Can the panelists please read the question about 1099 contractors and give us an answer? IF you don’t know - just tell us you don’t know.
Shana Erenberg
49:00
Is FICA included in the salary calculations
Sharon S
49:14
Do contractors (art teachers, etc) count for compensation?
Zachary Levine
49:30
Yes - agree with the question others are asking - do 1099 contractors count?
ivan gold
49:53
Does mortgage interest include principal payments?
Joshua Spodek
49:56
Is Security costs considered utilities?
Mark Smolarz
50:07
Defining all aspects of payroll costs like health care and retirement would be helpful to share down the road
Aliza Goland
50:30
wht if the crisis lasts beyond June 30?
Roger Goldenberg
50:31
What expenses are included in “Utilities”. Just electricity, gas, and water? Or also phone lines, waste pickup, etc?
Ari Hausman
50:31
For forgiveness: If we have hourly employees that haven't been working due to facilities closure, do they count as individuals who have had salary reductions? Do they count towards our FTE drop?
Amy Osiason
50:32
Mark Gurvis *** - Do 1099 contractors count for payroll???????
Melissa Harkavy
50:35
What if we hire more people?
Farrell Borine
50:41
what if they are teachers and we don’t bring them back in general until Sept?
Suri Roth
50:58
how about hourly employees? they are not currently working and not getting onto payroll?
Ken Turkewitz
51:04
What if this is still going on past 30 June?
Jeffrey Zuckerman
51:15
An organization may use the loan proceeds for lots of other expenses, but the funds used for those purposes will not be forgiven.
Shana Erenberg
51:46
Calculations for FTE?
Amber Powers
51:56
Are employees who earn over 100k included in the FTE comparison?
Tracy Barnett
51:58
Yes, as a follow up to Ken’s question, if you have to make any changes to personnel or adjustments to salary after 6/30/2020, will the loan still be 100% forgiven?
Amy Osiason
52:25
Can the panelists see the chat window? About 30 people have asked about 1099 contractor pay and we haven’t gotten an answer yet.
Tefila Blatt
52:25
What about for schools, that don’t pay salary to the teachers throughout the summer. Will that be held against us?
Jill Gomez
52:29
Our hourly maintenance person left so has no hours, but is still on payroll. Does he count still as PT?
Douglas Lynn
52:31
Summer Camps: If we calculate our loan amount based on the yearly average payroll, that would include summer staff salaries. If we do NOT open for the summer then what impact on loan forgiven as we can not' hire back all the employees.
Melissa Harkavy
52:51
I’m curious about teachers as well, we never pay them over the summer and school ends in May.
Zhongfang Zheng
52:58
100K is the cap for gross wage/salary or the cap for salary and benefits combined per employee?
Gregg Treinish
53:03
Is it right at 25%? What if we reduce by 24%? What if the employee has to go down for child care?
Joan Koebel
53:06
what if the staff reduction is initiated by staff? not by employer? and staff is not being replaced.
andrew cushnir
53:37
i may have missed this, is employee number the only size limitation? Any revenue/operating budget limit?
Danielle Schirripa
53:47
how are operational costs factored into the limit? 250% times payroll + operational expenses???
Fred Weiner
53:53
Please remember to address, which was emailed earlier to SBAloan@, the timing of the costs that can be forgiven … during 3 -month period April origination until from June 30 or 8 week period. If 8 weeks, when does the 8 weeks start after origination?
Mark Persitz
54:03
please send a link for the worksheet to calculate scenarios
Tracy Barnett
54:30
The worksheet is on the jewishtogether.org website
Mark Persitz
54:35
Please send your power point presentation and recording if you are makin one.
Reva Homnick
54:37
What about hourly custodial staff that are not coming in because the synagogue is closed therefore not being paid? Should we pay them anyway their average hours?
Mark Persitz
54:43
Where on the website?
Beverly Socher-Lerner
54:53
http://cdn.fedweb.org/fed-42/3082/2020_COVID_19_Paycheck_Protection_Program_Sample_Calculation.pdf
Rachel Heisler
54:55
if an employee earns more than 100, are they excluded from the computations or is the salary eligible capped at 100?
Judy Chen
55:44
Rachel - employees earning above $100,000 are excluded.
Leslie Gordon
55:46
I am down 2 FTEs but they would have been hired by now if this hadn’t happened. How does that affect our loan application? We were paying these salaries last year so they would be in our calculation.
Lex Paul
56:17
Is it fair to expect that large banks will be approved lenders?
Danielle Schirripa
56:24
When can we expect to receive the loan?
Angelica Leveroni Gomez
56:24
Rachel - Their salary is capped at $100K.
Shmuel Lipskier
56:39
if I applied for the aidl loan can I apply for the PPP LOAN AND FORGIVE MY APPLICATION?
Dana Zedd
56:51
Our bank sent us to: https://covid19relief.sba.gov/#/
Tami Stalbow
56:53
Judy Chen - I don’t think that employees earning above $100,000 are excluded. I think they are capped at 100k
Catherine D'Amico
57:22
that's correct
Judy Chen
57:29
OK thank you
Marian Gordon
57:57
What period of time is used to calculate avg monthly payroll cost?
chemdamindyshreterkipness
58:09
What about security guards who are only hired during an event or services. Since the building is closed and they are paid on an as needed basis, would they be considered laid off if we don’t pay them?
Brad Philipson
58:12
I've heard one possible interpretation that $100k+ employees are counted for the loan amount up to $100k, but that portion may not be forgivable.
Leslie Anderson
58:18
Leslie - I think if you hire them before June 30th, it would not affect the forgiveness. As to the loan application, I think the inability of being able to hire is an example of your need.
Zachary Levine
58:24
did you answer the question about whether 1099 contractors count in payroll calculations?
Bracha Cohen
58:38
Do banks include personal banking information when processing these loans?
Karen Feldman
58:40
I don’t understand how to calculate that personnel cost: is it monthly payroll x 2.5 x 12? Or is it just monthly payroll x 2.5?
Amy Osiason
58:44
They never answered the 1099 question
David Goodman
59:18
Please discuss the employee retention tax credit. Can it provide more benefit than PPP?
Salena Copeland
59:19
Most questions are answered in the resource on the website: https://cdn.fedweb.org/fed-42/2/FAQs_for_SBA_7a_Loan_Program_Version_8_2020_03_26.pdf
Myra Gold
59:23
are 1099 employees included in payroll
Ashley Levine
59:59
I do not believe you would include 1099 contractors because they are not "employees". "Employee" is a very specific connotation. FT and PTers only.
Salena Copeland
01:00:45
note - 1099 contractors are addressed in the resource linked above. “Payroll Costs includes compensation to employees, such as salary, wage, etc.; paid leave; severancepayments; payment for group health benefits, including insurance premiums; retirement benefits; stateand local payroll taxes; and compensation to sole proprietors or independent contractors (includingcommission-based compensation). Exclusions are individual employee compensation above $100,000 peryear, prorated for the covered period; certain federal taxes; and compensation to employees whoseprincipal place of residence is outside of the US.”
susan Goldman
01:00:48
can you please review the forgiveness part of the PPPL Loan
Nancy Bott
01:00:50
Please answer point above-I believe this loan is not just for one months worth of payroll x 2.5. How many months?
Leslie Anderson
01:01:25
Nancy - the loan covers from March 1 to June 30, I believe
Amy Osiason
01:01:32
Salena - That doesn’t answer the 1099 question. It says “employee” Do you mean - No 1099?
Reva Homnick
01:01:36
should we go on the site now and start the application process?
Lex Paul
01:01:52
Larry - Is it fair to assume major banks like B of A will be preferred lenders?
Leslie Anderson
01:01:58
Reva - there is no application process yet until SBA releases it.
Robert Teplitz
01:02:10
I hope you address the issue of whether there is any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay I Is there any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay back a low-interest loan; best case (and likely): it turns into a grant.
Ilana Snapstailer
01:02:29
Is there any chance of having all of the loan forgiven?
Ken Pogrob
01:02:36
What about honorarium paid to Emeritus Rabbi?
Leslie Anderson
01:02:42
Robert - yes. This is correct. No apparent downside for congregations.
Barry Dolinger
01:03:34
If you run several small businesses, can you apply for each of them?
Joseph Thomas
01:03:36
On Page 30 – paragraph Q Duplication – this talks about nothing shall prohibit recipient of a EIDL for a purpose of other then paying payroll costs and any other obligation noted in Paragraph (F) (Sec Question 2 above) from receiving a PPP loan. Is this saying that if you receive a EIDL to cover costs such as Rent, Utilities and Loan Interest you are ineligible for a PPP loan even though in computing the amount of a PPP loan only labor costs are allowed ? This seems like a catch 22 ???
Barry Dolinger
01:03:37
Is that duplicate?
Andrea Goldman
01:03:54
I am confused about the time frame we look at to figure out the average payroll. I was to know from what date in 2019 we are looking at to what date in 2020 we are looking at for the twelve month timeframe.
Robert Teplitz
01:03:56
What is the likelihood of the loan being forgiven?
Marvin Smith
01:04:05
How would you advise on whether to apply based on future impacts on organization that could impact staff headcount (security of incoming revenue streams in the near future) income loss organizations have already experienced?
Anushka Ratnayake
01:04:17
I echo this question: I am confused about the time frame we look at to figure out the average payroll. I was to know from what date in 2019 we are looking at to what date in 2020 we are looking at for the twelve month timeframe.
adriana sanchez
01:04:27
Is there a maximum amount which can be applied for?
Deirdre O'Shea
01:04:51
Must recipients participate in eVerify (as one must for federal funds)?
Bradley Cook
01:04:52
What if payroll hasn’t started yet for an employee, but there is a contract?
Salena Copeland
01:05:02
re: 1099s, see above, from JF, includes “independent contractors”
Leslie Anderson
01:05:18
Aunshka - Either the same months in 2019 or from Jan. 1 - Feb. 29, 2020 for comparison.
Dan Lange
01:05:23
If someone is leaving the organization for reasons completely unrelated to COVID-19, does that impact/change loan forgiveness calculations?
Jill Vialet
01:05:46
If we already applied for EIDL, are we ineligible to apply for PPPL?
Leslie Anderson
01:05:49
Adriana - Total applied for not to exceed $10M
Leslie Anderson
01:06:08
Adriana - but that is still based on payroll numbrers.
Jenny Wood
01:06:27
We are a Jewish Day School. We are still paying our teachers and should be able to continue to do so but we will have to take money from our endowment as Our annual fundraiser had to be cancelled. It is in our budget to bring in 120k. Does this allow us to apply?
Jill Gomez
01:06:30
Is mobile phone costs utility?
Steven Lewis
01:06:37
We have lost our most highly compensated employee. Our payroll has therefore been down over the past couple of months. How will that impact loan forgiveness?
Felisha Alderson
01:06:37
is the 100k cap prorated on annual salary or is it for the covered loan period
Leslie Anderson
01:06:52
Jenny - I think so.
Wayne Keil
01:06:53
From the time of application what is the expected time it will take to get funds?
Robin Redmond
01:06:54
would cable/internet and water be included as utilities
Talia Rodwin
01:07:02
what happens if you hire more employees before June 30?
Beverly Socher-Lerner
01:07:16
What if we end up with MORE FTEs at June 30 than now?
Rachel Wolf
01:07:26
What about the Economic Injury Disaster Advance Loan in which you can apply for SBA funds, of which $10,000 is forgiven automatically?
Mark Stutman
01:07:27
at what point in time are the loans forgiven?
Wendy Allyn
01:07:29
If we laid someone off prior to applying for the loan, does that person impact the loan forgiveness amount?
Jeffrey Zuckerman
01:07:45
I believe that loan funds may also be used for interest on existing debt, capital expenditures, and working capital.
Lauren Orgeron
01:07:48
How do you account for the portion of the loan that is forgiven, if you are not required to recognize it as income?
David Goodman
01:07:48
Please discuss the employee retention tax credit. What is covered and the amounts? Can this be more advantageous than PPP?
Steven Lewis
01:07:52
Is it number of employees that counts for loan forgiveness or both number of employees and total salary?
Richard Ellman
01:08:18
Do we annualize salaries of summer camp employees?
Danielle Wilcox
01:08:25
Are free lance consultants or writers who are hired for projects for a nonprofit included in payroll? Especially for those consultants who work a set number of hours annually.
Leslie Anderson
01:10:11
Danielle - Yes - they would be part-time
Annie Gonzalez
01:10:28
What if we have new hires scheduled to start 6/1/30? Should we include them in the calculations as of now?
Lindy Passer
01:10:32
Can you put name of the TCF bank in full and a phone #?
Noreen Dratch
01:10:38
PLEASE are contractors, consultants 1099 people included in payroll calculation>?>
Beverly Socher-Lerner
01:10:56
What does it mean to certify economic distress?
Reva Homnick
01:11:00
how do we prove financial distress?
Lex Paul
01:11:05
What will EIDL costs cover if wanting to apply for both, and do not use EIDL loan for payroll?
Sarit Itenberg
01:11:27
i do not think furloughed is the same as laid off
Talia Rodwin
01:11:51
So, is there a scenario in which we could pay nothing? Like it could be completely forgiven?
Rebecca Weinberg Jones
01:11:59
What if we are a nonprofit that started last June and do not yet have a full year of payroll?
Leslie Anderson
01:12:02
Talia - yes
Leslie Anderson
01:12:25
Rebecca - then you would use Jan.1 - Feb. 29 of this year.
Crystal Collins
01:12:27
Was the question about contracted employees answered yet?
Ryan Arthur
01:12:34
Are US contractors (1099) included in the calculating payroll cost?
Rochel Gargir
01:12:59
Is there a cap of how much we can get?
Maranda Jones-Anderson
01:13:31
what time period should we certify for the loan?
Elise Minkin
01:13:35
@RG $10M
Deanna Tirrell
01:13:35
From an earlier post: "including ... compensation to sole proprietors or independent contractors (includingcommission-based compensation)
Rafael farhi
01:13:39
Could you please clarify again...it seems the wisest thing to do for schools is to let them go on unemployment and then rehire them before june 30th? is this correct?
Carla Allen
01:13:45
vs laid off
Beth Sirull
01:14:21
If having reserves doesn't exclude an organization, how can an organization certify that the economic harm from COVID19 is such that their continuing operations are in jeopardy? That seems conflicting. If we have a reserve then our operations are not in jeopardy until we use the reserve but you are saying that you don't have to use your reserve before applying.
Tracy Epps
01:14:31
will a recording of this call be available?
Bracha Cohen
01:14:43
What is the expected timeframe for the loan payment to begin?
Michael Dulberg
01:14:46
Any thoughts on how to calculate the maximum salary allowed for someone who hasn't been employed for the last 12 months? Is the $100k treated pro-rata over the time of employment?
susan Goldman
01:15:08
What are the conditions to get a portion forgiven?
Simon Balsam
01:15:41
An org. that doesnt have a payroll, how do they calculate the amount of loan?
Nancy Bott
01:15:45
Please go over the loan calc again. It sounded from your description that it was just 2.5 x an average month. How many months does it get multiplied by?
Joe Sweeney
01:16:09
Larry, I understand from my banker that this program is extremely advantageous to banks and they will be invented to be aggressive. Is that your perspective as well
Athena Williams
01:16:21
Will this presentation be on the Enterprise website along with all of the questions that were asked?
Joe Sweeney
01:16:23
Invented to be aggressive
Rivkie Gunsburg
01:16:24
the loan is the lesser of: $10MM or your average monthly payroll over the last year x 2.5
Rachel Wolf
01:16:28
Is there a personal guarantee for this PPP loan?
Adam Wallach
01:16:47
No personal guarantee
Ellen Botwin
01:17:08
What if the bank you deal with is not an SBA lender? We then have no choice but to go to one on the list?
Zhongfang Zheng
01:17:23
any going concern requirements to get a portion of the loan forgiven?
Brad Read
01:17:26
Thank you all from Newport RI!
Carla Allen
01:17:26
I love Larry's Clocks Just needed to say that
Adam Wallach
01:17:27
Yes. You need to use one on the list
Ari Hausman
01:17:32
How do we calculate the decline in pay for hourly employees for forgiveness?
Maria Pena
01:17:37
Can you please let us know if c4 and c6s can apply? And if not, will there be any support for those orgs through other legislations?
Michelle Kantor
01:17:44
hello from Temple Torat Emet, at Boynton Beach, Fl.
Caryl Marcus-Stape
01:17:55
Thank you all for the wealth of information
Loren Spears
01:18:01
Thank you for all your wisdom. This was an amazing webinar. Thank you!
Linda Weisinger
01:18:11
thank you so much for this informative session!!!
Nancy Bott
01:18:19
where on Jewish together.org? can't find it
Kay Boonshoft
01:18:31
Thank you!
Marian Gordon
01:18:33
Thank you all for your advice!
Garson Goldstein
01:18:41
Is an incorporated person who does not get a 1099 includible as wages?
Sarit Itenberg
01:18:48
thank you from NH. stay well and healthy.
David Kessel
01:18:56
https://www.jewishtogether.org/sba-loan-information
Toby Ayers
01:19:03
So appreciate your detailed information and the encouragement you are giving so many!
Jim Busis
01:19:26
Can we include commissions for sales reps?
Eran Cohen
01:19:35
can you apply for the EID as well for the FFF?
Nancy Bott
01:19:57
Thank you, David
Ami bazov
01:20:27
Thank you
Danny Mishkin
01:20:33
Well said!!!!
Anna Hartman
01:20:37
amen!
Francine Gordon
01:20:38
Eric - such a scholar! Love it. So very glad you are in the position, my friend. Hag Sameach!
Hilarie Kay
01:20:40
THANK YOU!! very helpful and informative
Mikki Pugh
01:20:41
Thank you so much
Victoria Kohl
01:20:45
Thank you!
Maria Pena
01:20:54
Thank you all! So helpful
Michael Gribov
01:21:03
Thank you for all your help and guidance in this process!
Robert Teplitz
01:21:14
Thanks for this great info!
Mary Mansfield
01:21:15
Thank you for helping us all through this challenging time!
lynne black
01:21:16
Thank you so much for this great information
Gamal Palmer
01:21:38
Thank You from Los Angeles Federation . Thank You Eric for your awesome leadership and thanks to the panelists.
Adam Wallach
01:21:39
Amen!
Aliza Goland
01:21:53
Thank you for helping us navigate these challenging times!
Jill Gomez
01:21:55
Such a helpful and warm webinar - thank you!
Shana Erenberg
01:21:58
Thank you, Eric. Amen!
Shlomo Litvin
01:22:04
Kosher and Happy Pesach Eric! You are amazing. Thanks everyone so much!!
Adam Glinn
01:22:11
Eric, well said and Zissen Pesach and Yasher Koach to you and all of the speakers. Thank you all.
Michal Medina
01:22:12
yeshar koach
Jeremy Perlin
01:22:21
Thank you from everyone at Temple Sholom of Chicago
Rivy Kletenik
01:22:39
Appreciation to everyone. Chazak Ve'Amatz!
Judith Spanier
01:22:39
thank you for all of this and for this inspiring and hopeful ending to this meeting
Susan Freudenheim
01:22:46
Thank you from Jewish World Watch in Los Angeles!
Tefila Blatt
01:22:56
Thank you very much! Wishing all a healthy, joyful, kosher Pesach!!
Adam Glinn
01:23:09
Mark, thank you for your leadership
Martin Radnor
01:23:22
Thank you for a terrific job.
alan bernstein
01:23:31
Where on the web sight is the powerpoint
susan Goldman
01:23:40
thank you
Dana Zedd
01:23:47
Todah Rabah
Margaret Mitchell
01:23:54
Thank you
Ellen French
01:24:05
Thank you so much!
Eugene Miller
01:24:06
Thank you. Wonderful program. Very helpful.
Timothy Hughes
01:24:12
very moving presentation.. i am in tears over the love, support and expertise
Ephraim levin
01:24:14
thank you to all
Lindiwe Chaza Jangira
01:25:15
Thanks very much. I look forward to receiving additional update nd an opportunity to ask specific questions.
Ariel Lapson
01:25:40
Thank you from Seattle! Feeling so grateful to all of you and our global Jewish community!
Michael Rube
01:32:14
Have we started yet? I cant hear anything