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Arts: Loans and Funding Information - Shared screen with speaker view
Sally Eggleston
53:54
NYT article said EIDL loans are now being capped at $15,000? Last Friday?
Suzi
55:16
We've heard that EIDL advances are now tied to # of employees - $1,000/employee up to 10 employees?
Saskia Benjamin
56:47
Can you talk about the difference between the very quick EIDL application and the lengthier 2 hour application. All of the links that I saw directed you to the quick application. Are we then awaiting an invitation to apply for the longer application?
Suzi
58:35
Yes, we filled out the quick application and knew nothing about the lengthier application and all the form uploading!
Sementha Mathews
59:44
what date can we go back to calculate loss of revenue? March 16?
Saskia Benjamin
01:03:38
I was referring to the SBA site. The link on that site.
Chet Burgess
01:04:17
What is link to the Schedule of Liabilities Excel spreadsheet?
Margaret Windham Mountain Regional Arts & Crafts Hiawassee GA
01:04:30
We operate with volunteers - no employees. Only need help with operational monthly expenses (rent, utilities, insurance, phone).
Paul Conroy
01:06:27
We operate totally with 1099 contractors and are not sure if we should apply for this loan or the PPP - because it is not clear if 1099 contractors can be counted for PPP
Suzi
01:06:32
how do you find/update your sba application
Lara Smith
01:07:38
https://dol.georgia.gov/pua
Lara Smith
01:07:48
That’s the 1099 info from Georgia Department of Labor
Gail Deschamps
01:09:02
If you are operating with a small deficit and making payments to your creditors, can those payments be included in your Sba loan? paying
Lara Smith
01:13:30
Why wouldn’t you owe $137,500
Lara Smith
01:24:20
You did say that you’ve heard of folks getting this?
Raylene Carter
01:25:20
I know two people who have the checks in the bank
Raylene Carter
01:25:37
PPP through Synovus
Sementha Mathews
01:25:54
the turner center for the arts applied immediately and received approval in 4 days!
Sementha Mathews
01:26:23
through synovus
Saskia Benjamin
01:26:28
We applied the Friday before last with our bank CenterState and they processed our application this past Friday. Haven’t heard back yet though.
Laura Flusche
01:30:15
If your bank chooses not to participate (Truist), is it likely that another bank might work with you on PPP? Any precedent for that?
Lara Smith
01:32:17
Someone shared this list with me, though I’m not sure how up to date is, of banks that were accepting PPP applications from non-clients:
Lara Smith
01:32:18
- Velocity SBA (PPP applications available soon)- Harvest SBF LLC (PPP applications available soon)- Fountainhead (active application)- Centerstone SBA Lending (active application)- Newtek/RBFCU (active application)
Karen Paty
01:34:56
The Small Business Development Center (https://www.georgiasbdc.org/) has 17 offices throughout the state and each office is keeping an updated list of banks that are taking applications from entities that are not current clients.
Lara Smith
01:35:16
Thanks, Karen!
Laura Flusche
01:35:16
Thanks!
Sally Eggleston
01:35:46
Re changing rules: if we accept a loan offered, they can't change the rules on the loan after signature can they?
Susanne Warrenfeltz
01:51:24
how will we receive a recording of this webinar? posted somewhere or will it be emailed to us?
Margaret Windham Mountain Regional Arts & Crafts Hiawassee GA
01:55:17
If classes covered by existing postponed grants are pushed out past Dec 30, will there be another extension?
Sally Eggleston
01:55:50
I think the Apr 22 is only the day the portal opens. I think deadline is Apr 27-May 2?
Kathryn Banks
01:56:01
Part one is due by April 22
Karen Paty
01:56:55
I'm back - did I hear my name?
Kathryn Banks
01:57:18
Part 2 is due April 27-May 2
Sementha Mathews
01:57:25
part one due on April 22. part two is due April 27