Business Recovery from COVID-19 Webinar - Shared screen with speaker view
The Service Fort
I don't see John Loud in the list as the only choice is All panelists or All panelists and attendees
I don’t have John Loud in the list as a choice
i will have many get this adjusted to show my name for questions
John Loud. I would like to thank Sharon and the Chamber team for all you are doing to assist businesses in this difficult time we are in. We appreciate you all. God Bless and stay safe
we will have Mandy Add
#AloneTogether #StayStrong2020 Great Job Cobb Chamber!
Thank you everyone. Sorry about the misinformation. Please just type your questions in the chat and we will field them.We are receiving messages that just selecting John is not an option. Please select "All Panelists". Thanks!
Where is the link located on the cobb chamber website to sign up for the KSU classes?
Great job John
Please forward Questions to ALL PANELISTS
The correct url is loudermilk.house.gov
Loudermilk.House.Gov Click on Business Updates to receive future emails with information for businesses.
I don’t understand the differences between these loans. Where can we find this?
Good morning, Sam. You might have mentioned this already, but which website should we access? Specifically, the loan pertaining to the individual with $3 million.
Where is the best place to start the application process, which website?
In order to make the loan forgivable, do I need to hire back all those that I’ve laid off? If so, what would they do??? How can I pay some people to work and other people get paid to stay at home?
Loudermilk said we can go directly to the banks, right?
Simplified economic injury disaster loan app: https://covid19relief.sba.gov/#/
EIDL is directly through the SBA and the PPP through the banks
I went to https://covid19relief.sba.gov
Here is a direct link to the Business Updates page on our website. Clink this link to signup to receive updates on the CARES Act and other federal programs geared to help business during this crisis. https://loudermilk.house.gov/forms/form/?ID=25
To answer the question about posting on Cobb Shops to Go created by the Cobb Chamber, go to https://www.facebook.com/CobbShopsToGo/?tn-str=k*F and like the page and then post content. You can also share any of your deals with Trey Smith on the Cobb Chamber team at firstname.lastname@example.org
Where do you apply for the $10k grant?
Can rehire them or MUST rehire them?
Business has slowed so we do not need those employees at this time (those we laid off in the last 2 weeks)
The amount of loan forgiveness is reduced if thereis a reduction in the number of employees greaterthan 25% in wages paid to employees.
What's the cost of goods sold for a service business for this form?
Should I include labor costs in the COGS calculation if we are a service business?
If there's going to be strict review of PPP/CARES act loans, do we need to put it in a dedicated checking account for easier tracking?
Thank you for this meeting! It has provided crucial information. I'm having to step away now. Where will we be able to watch the recording?
Thank you for this information. That was helpful.
Great info, thank you everyone!!
HI Everyone. If your hand is raised, please type your question to all panelists here and we will work to answer it. Thank you!
Drew, are you saying go ahead and apply for these loans. that you can turn one of the loans down later with no penalty?
I am in interior designer and self employed what do I do?
Yes apply for both loans and you will have choice in which loan to accept.
You do not have to take the total amount authorized under the Economic Injury Disaster Loans
The cap of forgiveness for PPP loans is 2.5 times your payroll costs
Owner salary is included in the total payroll costs for 8 weeks
To answer a few questions, this is being recorded and we'll get the recording and answers to any questions within the next day.
PPP loans will be offered by your local SBA lender (bank) This may take a week or two to get these processes in place.
I don’t understand the 8 weeks. Can you pls explain?
Very helpful! Thank you to John and other panelists!
Economic Injury Disaster Loan (EIDL)
Does the 8 week period only apply to the PPP Loan or does it apply to both loans individually?
If you applied for EIDL before Monday, March 30 a business owner should reapply
Thank you for a very informative discussion!
Amen. Great job!
Thank you EVERYONE for your great information and help.
Thank you all
Awesome! Thank you...
The Barcliff Group, Inc.
awesome, thank you all!
Thanks so much!
Thank you all for your time and help!!!