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Apr 4, 2020
9:27
:16
pm
kotacoug
Intervention Needed
If you have NO money coming in how do you propose paying your employees?
The actual funding on these loans is probably 6 wks out
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kotacoug
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kotacoug
Joined
Jul 20, 2002
Last login
May 2, 2024
Total posts
80,595 (4,686 FO)
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Messages
Author
Time
When to apply for the PPP loan
jes2332
4/4/20 8:53pm
I have the same situation and same question.
orangepitbull
4/4/20 8:56pm
Yeah I spoke with the bank today as well
jes2332
4/4/20 9:00pm
What you are proposing is contrary to the intent of the $$$
Plato
4/4/20 9:02pm
That does most businesses no good. They could just be
BLT-Coug
4/4/20 9:05pm
If you have NO money coming in how do you propose paying your employees?
kotacoug
4/4/20 9:27pm
It is my understanding that you can apply now for the loan but
TheSpiker
4/4/20 9:03pm
Link
BLT-Coug
4/4/20 9:04pm
Excellent link. Thank you.
TheSpiker
4/4/20 9:08pm
Very helpful. Thank you.
ORCoug
4/4/20 9:10pm
Awesome, that is what makes sense
jes2332
4/4/20 9:16pm
If you were to start now, wouldn’t the wages paid from the PPP be tax deductible
cugathrt
4/4/20 9:17pm
if you don’t get the forgiveness it is still cheap money.
jkccoug
4/4/20 9:24pm
We applied last night/today, but we’ve kept our people employed.
jkccoug
4/4/20 9:25pm
Apply for it and slow play the documentation. There is some info out there
kotacoug
4/4/20 9:25pm
I have heard that you can get approval
Acorn
4/4/20 9:48pm
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