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Business Recovery from COVID-19 Webinar - Shared screen with speaker view
The Service Fort
16:27
john loud
Dan Vasquenza
16:30
Good morning!
Kay Eller
16:37
I don't see John Loud in the list as the only choice is All panelists or All panelists and attendees
Sally Macaulay
17:02
I don’t have John Loud in the list as a choice
John Loud
17:13
i will have many get this adjusted to show my name for questions
birrej
17:14
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
John Loud
18:30
we will have Mandy Add
Jim Hilber
19:18
#AloneTogether #StayStrong2020 Great Job Cobb Chamber!
Cobb Chamber
22:22
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!
heatherpennington
22:29
Where is the link located on the cobb chamber website to sign up for the KSU classes?
Dan Vasquenza
24:47
#InCobbTogether
Michele Howard
25:23
@heatherpennington: https://www.cobbchamber.org/events/Webinar-Wednesday-Leadership-Excellence-Part-1-Leader-as-Communicator-9427/details
Angelo Brown
25:27
#CobbStrong
Dan Vasquenza
26:58
Great job John
John Loud
28:58
Please forward Questions to ALL PANELISTS
Brett McClung
33:49
The correct url is loudermilk.house.gov
cbartlett
34:03
Loudermilk.House.Gov Click on Business Updates to receive future emails with information for businesses.
Johnny Walker
41:11
https://www.georgiasbdc.org/
April Wright
50:12
I don’t understand the differences between these loans. Where can we find this?
Sebastian
51:03
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.
David Berdugo
51:25
sba.gov
heatherpennington
51:27
Where is the best place to start the application process, which website?
Lisa Carlquist
52:05
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?
April Wright
52:25
Loudermilk said we can go directly to the banks, right?
cbartlett
55:05
Simplified economic injury disaster loan app: https://covid19relief.sba.gov/#/
David Berdugo
55:07
EIDL is directly through the SBA and the PPP through the banks
Marion Savic
57:20
I went to https://covid19relief.sba.gov
Barry Loudermilk
59:17
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
Sharon Mason
59:53
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 tsmith@cobbchamber.org
heatherpennington
01:06:16
Where do you apply for the $10k grant?
Lisa Carlquist
01:06:23
Can rehire them or MUST rehire them?
Lisa Carlquist
01:06:48
Business has slowed so we do not need those employees at this time (those we laid off in the last 2 weeks)
David Berdugo
01:08:31
The amount of loan forgiveness is reduced if thereis a reduction in the number of employees greaterthan 25% in wages paid to employees.
William Gentry
01:11:46
What's the cost of goods sold for a service business for this form?
Craig Allen
01:12:31
Should I include labor costs in the COGS calculation if we are a service business?
William Gentry
01:15:22
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?
Sebastian
01:18:54
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?
Lisa Carlquist
01:21:03
Thank you for this information. That was helpful.
heatherpennington
01:22:20
Great info, thank you everyone!!
Cobb Chamber
01:22:36
HI Everyone. If your hand is raised, please type your question to all panelists here and we will work to answer it. Thank you!
April Wright
01:22:48
Drew, are you saying go ahead and apply for these loans. that you can turn one of the loans down later with no penalty?
Jan Britt
01:23:05
I am in interior designer and self employed what do I do?
Drew Tonsmeire
01:23:59
Yes apply for both loans and you will have choice in which loan to accept.
Drew Tonsmeire
01:24:30
You do not have to take the total amount authorized under the Economic Injury Disaster Loans
Drew Tonsmeire
01:25:50
The cap of forgiveness for PPP loans is 2.5 times your payroll costs
Drew Tonsmeire
01:27:16
Owner salary is included in the total payroll costs for 8 weeks
Drew Tonsmeire
01:30:18
https://disasterloan.sba.gov/ela
Sharon Mason
01:30:42
To answer a few questions, this is being recorded and we'll get the recording and answers to any questions within the next day.
Drew Tonsmeire
01:31:48
PPP loans will be offered by your local SBA lender (bank) This may take a week or two to get these processes in place.
April Wright
01:31:49
I don’t understand the 8 weeks. Can you pls explain?
Mike DeWitt
01:38:36
Very helpful! Thank you to John and other panelists!
Drew Tonsmeire
01:38:39
Economic Injury Disaster Loan (EIDL)
Valerie
01:38:43
Does the 8 week period only apply to the PPP Loan or does it apply to both loans individually?
Drew Tonsmeire
01:38:44
https://disasterloan.sba.gov/ela
Drew Tonsmeire
01:40:04
If you applied for EIDL before Monday, March 30 a business owner should reapply
dkeller
01:42:24
Thank you for a very informative discussion!
michael
01:42:40
Thank you!
William Gentry
01:42:43
Amen. Great job!
Kim Ellet
01:42:53
Thank you!
Jan Britt
01:42:58
Thank you EVERYONE for your great information and help.
Craig Allen
01:43:00
Thank you all
Katina Cunningham
01:43:03
Awesome! Thank you...
The Barcliff Group, Inc.
01:43:12
awesome, thank you all!
April Wright
01:43:15
Thanks so much!
Kim Dickson
01:43:22
Thank you all for your time and help!!!