Have you already applied for the SBA?

Mar 27, 2020
3:58:01pm

kotacoug Intervention Needed

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

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: May 2, 2024
Total posts: 80,595 (4,686 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

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