Karyn Brown's Personal Meeting Room - Shared screen with speaker view
Karyn Brown, ExecuHive (EOSOFLO Executive Director)
Please type your questions in the chat and they will be asked after the presentation
Are owner compensation/distributions covered for payroll costs?
will the entire loan be forgiven?
can contractors (1099) or commissions via 1099 be included in average monthly payroll costs?
are all payroll taxes included in the loan?
does utility payments include offsite storage, phone , internet, garbage?
What about signing on bonus to rehire staff?
can you use the funds for mortgage AND rent or is it for Mortgage OR rent
If we moved salaried W2 employees to 1099 hourly would it still be forgiven or cancelled.
i have already applied for the loan through your bank. if you are only getting the money for payroll, how can you show that you are maintaining the payroll at 100% and still paying your rent and utilities- their isn’t any left.
are funds disbursed for the rental portion, even though rental payments are deferred 60 - 90 days?
On the application i believe it says you cannot apply for any other loan. is there anything else that you can apply for?
How are leased employees treated
I know this doesn't apply to you but what's the latest and greatest you are hearing about the eidl and why has none of it seemingly rolled out?
Can my project manager and assistant who are both (1099) independent contractors be included in the average monthly payroll costs?
If you have multiple businesses, can one apply for the PPP and one for EIDL if this is not shared control or affiliation
Can we apply through City National even if we are not a City National client?
i used city national bank I have been approved for the PPP and waiting on loan docs this Friday for funding. It went quickly
Will we cover the 1099 ppp in this call, if not have any other resources to suggest?
If you furloughed all your employees, what is the date you need to rehire them to qualify to have the loan forgiven? sorry I missed that date
Can the money be used to back pay people who were not able to be paid until the loan was given?
Clarifying - you said payroll taxes are included.. This includes federal payroll matching of SS and Medicare?
I was understanding only state and local employer taxes on payroll but NOT federal employer taxes such as Social Security. Please confirm.
Jack that is my understanding as well, meaning in Florida payroll taxes would NOT be included.
want to clarify with presenter
A employee received short term disability and Z-Media needs to pick up the income to take out the taxes … How do we treat that situation
if you offer office allowance to employees who are remote in their paycheck is that covered ?
I submitted an application with Stearns Bank 2 days, however I have not heard back from them. They said the next step is that I would be contacted for supporting documents and then they would submit the information to the SBA. Since they haven’t submitted to SBA can I apply with City National?
Can you do the CARES and EIDL
I also want to know that cares and eider can we do both?
We keep hearing you cannot get PPP and EIDL at the same time regardless of how you use it. Is that not true?
Did they say EIDL advance is limited to $1000 per employee?
Have you heard of anyone receiving the 10k emergency grant yet? Seems no one I know has received though applied , supposed to be emergency funds
do we apply for the EIDL through a bank or directly with the SBA, if businesses are distressed how do they calculate the max amount of the loan you can get?
Danny, EIDL is directly with SBA
But no one has gotten the 10k or heard any follow up from eidl - what is city hearing about this program actually rolling out?
what if we get funding for employees and there is not enough work for the team. We have the money to pay them but no work for them
i got approved for that Florida loan and it is cap at 100k
i got approved for 100k
i have the contact of the community agency that is doing that if anyone is interested
^^ pilar yes link would be nice
Brian Van HookRegional DirectorFlorida SBDC at Florida International UniversityCollege of Business1101 Brickell Avenue, Suite 300, South TowerMiami, Florida 33131P firstname.lastname@example.org
email him and you can send application to him
use my name