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03-26-2020, 09:25 AM | |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
Casino cash: $1022400
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Hey Small Business Owners...What are you doing to ride the storm out?
How are you handling HR issues?
Are you applying for SBA loans? There are several types of loans. And new info is appearing daily. Capital up to $10MM. Up to 30 years to repay. Some actually are forgivable. 3.75 to 4% https://disasterloan.sba.gov/ela/ https://www.inc.com/kevin-j-ryan/sma...incthismorning My world: Everyone at the software companies are working remotely. The chocolate factory shut down yesterday due to not be considered an essential business. The chocolate elve had already left due to health concerns. I handle all the commercial rentals myself so no impact: I don't intend to lay-off anybody...if this stretches into June or July...then we may look at cutting salaries by 25 to 50%. With the $1,200 everyone is getting already from the gov, and the 4 month unemployment (+$600/week additional), if we have to do layoffs, then the Team will not be totally without funds. What are you doing to ride the storm out? Last edited by Trivers; 04-02-2020 at 06:02 AM.. |
Posts: 2,961
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04-01-2020, 07:40 AM | #211 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Posts: 57,702
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04-01-2020, 07:45 AM | #212 |
Veteran
Join Date: Apr 2002
Location: Jupiter, FL.
Casino cash: $835273
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Posts: 3,838
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04-01-2020, 07:46 AM | #213 |
best in the biz
Join Date: Aug 2000
Location: Under Pressure
Casino cash: $1075273
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I've lost four jobs.
My business is dying a slow death. That said, I still have hope. |
Posts: 72,530
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04-01-2020, 07:51 AM | #214 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Posts: 57,702
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04-01-2020, 07:53 AM | #215 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Posts: 57,702
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04-01-2020, 07:55 AM | #216 |
best in the biz
Join Date: Aug 2000
Location: Under Pressure
Casino cash: $1075273
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Posts: 72,530
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04-01-2020, 07:58 AM | #217 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Posts: 57,702
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04-01-2020, 08:01 AM | #218 | |
In Search of a Life
Join Date: Dec 2005
Casino cash: $577391
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Quote:
I'll put this here for you, and anyone else, that I could help during all of this. The short version - I own an inbound call center and we answer calls for companies all across the country. Nearly 900 customers in all 50 states (and Canada). If anyone needs help taking orders, answering customer questions, setting appts.... whatever you need to keep your business running - shoot me a PM and I'll have my manager (wife) reach out to you. Won't charge you much if anything at all. We're here to help in anyway we can. |
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Posts: 31,180
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04-01-2020, 08:17 AM | #219 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1880400
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Quote:
In short, two things: 1. Freaking government! 2. Keep in touch with your bank! |
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Posts: 3,231
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04-01-2020, 08:27 AM | #220 |
No Keys, No Problem
Join Date: Sep 2000
Location: Denver
Casino cash: $3883136
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My renter called the other day and said he couldn't make the rent. Big ideas but the cash is all spent. Good thing I plan for these types of things, but it can only go on so long before other things have to happen. Either way, I took the pressure off him. I said that's okay...just feed me when you can.
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Posts: 31,569
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04-01-2020, 08:34 AM | #221 | |
Veteran
Join Date: Apr 2002
Location: Jupiter, FL.
Casino cash: $835273
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Quote:
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Posts: 3,838
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04-01-2020, 09:20 AM | #222 | |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1534064
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Quote:
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Posts: 82,333
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04-01-2020, 09:30 AM | #223 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1880400
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I would think that would depend on how your business is structured? Not certain on this one....
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Posts: 3,231
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04-01-2020, 09:33 AM | #224 |
In Search of a Life
Join Date: Dec 2005
Casino cash: $577391
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I would still check on it with your banker regardless. The worst they can say is "No, this one doesn't qualify."
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Posts: 31,180
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04-01-2020, 09:33 AM | #225 | |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1534064
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Quote:
It's an existing dental practice that has been in operation for 30 plus years, i just took over March 6th. Kept everything the same, just name change. |
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Posts: 82,333
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