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Old 03-26-2020, 11:03 AM   #32
Mr. Plow Mr. Plow is offline
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Join Date: Dec 2005
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Quote:
Originally Posted by SAUTO View Post
kansas and missouri are both in it.


but during the presser yesterday they specifically said to go to your local bank and they should be able to service and pay out most loans in the same day by the end of next week or the beginning of the week after
That's the one I'm watching for. Not sure on the specifics, but I believe they said you could take out 200% - 250% of your total monthly payroll as a loan. Then if you used it for employee salaries, benefits, or to keep your business open that it would turn into a grant rather than loan.

That may be way off on what it actually is, but it's what I remembered hearing.
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