overwhelmed

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unfamiliar

hello from Garland, Texas

explanation of the fte calculation would be great!

Good Morning from Manhattan NY. Very Stressed and confused

Hi, Stephanie Szajko from South Bend, Indiana!

Good evening from MA

hello from Bennington VT

hello from columbus, ga

my banker and my payroll company are the best resources for PPP loans/paperwork

Hello from Milwaukee, WI

Hi. Samira Habibi from Iran

Marybeth who si syour bank and payroll company

Applying for the 2nd round of the PPP loan do you have to include your grants that you received in the revenue quarter you are using as a sole proprietor?

Yvette...work with YOUR banker and payroll company.

During the first round forgiveness my bank has been horrible :(

I opened July 2020-, but my bank states its not when I was licensed but when did I get my Secretary of State letter officiated wheich was in 2019

We had been operating as an in home childcare business and did not have an EIN (employer identification number). We expanded the business after the lockdowns to to a primarily outdoor preschool/childcare still out of our home. Just curious if this business change would be considered a ‘new business’ and disqualify us?

For loan to be considered necessary, do they ask for financials or bank statements?

Brian Blessing you can use your ss #. I have EIN, however they wanted my ss #

Thank you Aneesa

Can it be what the payroll company charges a company

Hi BRIAN BLESSING , I am a home childcare also , what state are u in ??

Do we have to apply through the same lender that we worked with last year? The big bank will likely get their funding well after the small lenders.

will we get a copy off all the slides?

I started my business in 2019 and hardly made any income in 2019. I had no payroll costs in 2019 and hence did not apply for the 1st draw PPP Loan >>>>> For 2020 however, my income increased (compared to 2019) and also had payroll costs from August to December>>>>> my question is, can I apply for the PPP loan?

Does the owner self-pay amount can be included in the "Payroll Cost" calculation?

Is PPP different from the CARES Act money?

@Olga....I believe you will qualify for 1st draw. That loan is based on full/part time employees, etc. Check with the lender. All they can say is no! the 2nd draw is the one that has the requirement of a 25% reduction in revenues.

Thank you!

My bank still hasn’t opened up their process (its a regional bank - Umpqua). Is there value in waiting to complete the loan with the bank I have a relationship with, or should I just try to go through PayPal or someone like that?

is the 2nd draw application available now?

what happens if someone resigns during the course? So they choose to leave due to another job, etc?

Can you increase wages and still get forgiveness?

For us, personally, staying with our bank even though they tend to run behind others, is that they have quick access to our banking docs to justify loan forgiveness. Also, I can put a face with customer service and get more personalized service.

if someone I son long term disability but didn't work and suddenly comes back will she count as an employye during the time she didn't work?

@gertrude...not sure what you are asking...you are wondering if increasing wages takes the place of FTE for loan forgiveness (first draw), is that what you are asking? I would go online and grab that SBA forgiveness form for reference and then check with your lender.

Back and forth with the banker

due to covid the census was reduced. the employees are not making the $15/hr. minimum wage that lobbist are trying to bring about. It would also be a hazard type pay for those frontline workers.

2020 tax returns? No one has filed yet, IRS not processing till February

Larry was kicked off

I had a lot of luck with small online lenders for the first round.

FYI: I see PPP applicants data are being published on federalpay.org.

if one bank doesnt have an application ready (capital one) should we just apply with our other bank PNC? or should we stick with capital one. we have two business accounts

Kabbage was a great lender for the first round.

any recommendations for online?

BOC in Brooklyn, NY is a great Brooklyn community lender.

I used pay pal and was approved and forgiven for the 1st round

yes we get copies and slides

We used B of A and things went well for the funding. Applying for the forgiveness has been a different story!

any good accountants in Illinois?

Are there any panelist answering any of the questions?

no Q&A in this session, sorry

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Is PPP different from CARES Act

Doreen Williams I am in Washington

what is CCR& R?

CCR is child care regulation

Rameka- Chidcare resource and referral agency...usually each county has one.

Here is the Gusto spreadsheet: https://gusto.com/covid-19/small-business-financial-relief

thank you

does someone know or applied for playground grants?

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