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Mar 25, 2020
12:13:43am
travelcoug Intervention Needed
Here it is
First go on the sba website and file for the loan. It is 3% with no interest or payments due for 11 months.



We had a problem for a while because our governor didn’t sign the declaration of emergency until like the middle of last week. What an idiot. If you run into a problem like that you may have to call your governors office and get them on it but by now I believe all states have done that. Utah was probably the last one.

The next thing that’s going to happen is that the bill that has been passed today will allow you to get money from banks to pay your payroll. Whatever bank you bank at working with the SBA will get you payroll money. That money will then be paid to the bank by the government and it is a grant not a loan. You will not have to pay it back and I’ve heard varying things on 3 months through the end of the year of the government paying your payroll.

This should be ready to go by Monday. Just go to your bank and talk to your loan people about that. They should know what’s going on. Every bank and Utah had a 4 PM conference call today discussing the details. We are going to bring back all of our staff and pay them to sit around and do nothing till the economy bounces back on the government

Never have we had a president that did anything for the small businesses. In the travel industry we’ve always watched the airlines in the hotels be taken care of but we always got the shaft. This makes us happy
travelcoug
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travelcoug
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Mar 29, 2024
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3/25/20 12:02am

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