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Mar 27, 2020
3:58
:01
pm
kotacoug
Intervention Needed
Have you already applied for the SBA?
You guys are on top of things. How confident are you that the payroll aspect will be forgivable? I’m a little concerned about that. Taking out the loan, paying employees and then finding out it isn’t forgivable.
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kotacoug
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kotacoug
Joined
Jul 20, 2002
Last login
Jun 7, 2024
Total posts
80,989 (4,701 FO)
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Messages
Author
Time
Does anyone know when the new unemployment benefits kick in?
BYUCLA
3/27/20 3:21pm
"furloughing our employees temporarily onto unemployment" - what does that mean? Not pay them until they quit?
Ragnar Danneskjold
3/27/20 3:23pm
It means lay them off so they can get unemployment, and then rehire them once
cougarfan84
3/27/20 3:24pm
Ah, got it.
Ragnar Danneskjold
3/27/20 3:24pm
April 1st i think... I've heard of a few places tying to 'clean house' before 🙁
TheLost
3/27/20 3:23pm
We are guaranteeing full salary going forward, whether from us or unemployment
BYUCLA
3/27/20 3:29pm
Have you already applied for the SBA?
kotacoug
3/27/20 3:58pm
Watch the ADA webinar from today. It gives all the details
BYUCLA
3/27/20 4:11pm
Good info thanks. I’ll look for the webinar.
kotacoug
3/27/20 4:34pm
Small business? If so why would you do that?
jollaksentie
3/27/20 3:28pm
Unemployment will cover April, and the SBA loan will cover May and June.
BYUCLA
3/27/20 3:32pm
Sounds like a great company to work for. You're building loyalty.
Ragnar Danneskjold
3/27/20 3:43pm
I hope the employees see it that way, although we will end up paying $0
BYUCLA
3/27/20 3:46pm
This is so crazy. Not saying it's right or wrong, it's just weird.
Harbinger
3/27/20 4:20pm
Still, it takes organizing / strategy on your part, and shows you value them.
Ragnar Danneskjold
3/27/20 4:32pm
I like this plan? Are you keeping any employee on payroll to answer calls or
AFCougK9
3/27/20 9:47pm
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