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Old 04-21-2020, 11:08 AM   #1
dlphg9 dlphg9 is offline
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Originally Posted by Mecca View Post
Shake shack returned the money.
Alot of good that returned money is doing. It doesnt get to be used now.
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Old 04-21-2020, 10:04 AM   #2
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Originally Posted by dlphg9 View Post
Mother****ing Shake Shack got $10 mil from the PPP and many actual small businesses couldn't get a dime, myself included. $10 mil is a significant amount of money and could have helped a ton of small businesses/ICs/self employed.

How in the hell did they even get approved for this? And another question is what in the **** is going on with Congress and additional funding? Yesterday morning they were talking about being very close to a deal and there hasn't been an update since.
Thats where we are too, man, what a kick in the balls. They gave 20 million to Ruth's Criss (sp) and some other big fish. In our area, I know 20 small independent auto repair shops, all applied including us, none got it.
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Old 04-21-2020, 10:21 AM   #3
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Originally Posted by dlphg9 View Post
Mother****ing Shake Shack got $10 mil from the PPP and many actual small businesses couldn't get a dime, myself included. $10 mil is a significant amount of money and could have helped a ton of small businesses/ICs/self employed.

How in the hell did they even get approved for this? And another question is what in the **** is going on with Congress and additional funding? Yesterday morning they were talking about being very close to a deal and there hasn't been an update since.
Quote:
Originally Posted by El Jefe View Post
Thats where we are too, man, what a kick in the balls. They gave 20 million to Ruth's Criss (sp) and some other big fish. In our area, I know 20 small independent auto repair shops, all applied including us, none got it.
Man, I'm sorry guys. It really sucks that these large businesses are getting millions of dollars and it's leaving small businesses out in the cold. I'm hoping they get a second round of money going and this time they limit it to actual small businesses so it can help those people that REALLY need it.

Companies like Shake Shack & Ruth's Chris are stealing this money from people that need it.
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Old 04-21-2020, 03:32 PM   #4
Papachief Papachief is offline
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Originally Posted by dlphg9 View Post
Mother****ing Shake Shack got $10 mil from the PPP and many actual small businesses couldn't get a dime, myself included. $10 mil is a significant amount of money and could have helped a ton of small businesses/ICs/self employed.

How in the hell did they even get approved for this? And another question is what in the **** is going on with Congress and additional funding? Yesterday morning they were talking about being very close to a deal and there hasn't been an update since.
I with you my friend! It’s infuriating to another level. I heard that the big companies are getting away with this because like in Shake Shacks case each of their stores have around 49 employees. Doesn’t matter that the have 189 stores. I heard this from a small business expert. Not sure how true but it would make since. Total BS if true !!!
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Old 04-21-2020, 08:04 PM   #5
IA_Chiefs_fan IA_Chiefs_fan is offline
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I got my EIDL 10k today.
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Old 04-21-2020, 08:11 PM   #6
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Got ****ed.

I'll be okay.

This kind of shit fueled me to get where I am today.
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Old 04-21-2020, 09:22 PM   #7
Buehler445 Buehler445 is offline
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Originally Posted by Mr. Plow View Post
I heard there were a bunch of cases out your way. Believe they did come from the packing plant, but not 100% on that. Think there is some rain coming today/tonight - not sure it's gonna hit you or not, but sounds like it's going to be pretty heavy for us. Hope it comes through for you.
I think those are in ford county (dodge city). If they shut that down it won’t be good.
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Old 04-22-2020, 07:36 AM   #8
Mr. Plow Mr. Plow is offline
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I think those are in ford county (dodge city). If they shut that down it won’t be good.
Did you get any rain? We got drenched overnight.
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Old 04-21-2020, 08:32 PM   #9
dlphg9 dlphg9 is offline
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Additional funds are going to be approved soon. I already reached out to a local bank and will have my application in tomorrow, so that it can be immediately submitted this time. Im not missing out this time around.
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Old 04-22-2020, 09:04 AM   #10
mililo4cpa mililo4cpa is offline
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Originally Posted by dlphg9 View Post
Additional funds are going to be approved soon. I already reached out to a local bank and will have my application in tomorrow, so that it can be immediately submitted this time. Im not missing out this time around.
Prob end of the week before signed into law....$310B for PPP, $60B for EIDLs....didn't close the "Shake Shak" loopholes....uncertain if you need to reapply if you missed PPP the first time around (I suspect no)....

Not going to be enough overall for small business....first tranche of PPP was $349B, and they wrote 1.6M loans, average of about $240K per.....

At that rate they'll write another 1.2M loans.....so about 3m loans total out of 30M small businesses (not to mention some of those loans weren't really to small business)

Crazy times we live in!
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Old 04-22-2020, 09:32 AM   #11
dlphg9 dlphg9 is offline
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Originally Posted by mililo4cpa View Post
Prob end of the week before signed into law....$310B for PPP, $60B for EIDLs....didn't close the "Shake Shak" loopholes....uncertain if you need to reapply if you missed PPP the first time around (I suspect no)....

Not going to be enough overall for small business....first tranche of PPP was $349B, and they wrote 1.6M loans, average of about $240K per.....

At that rate they'll write another 1.2M loans.....so about 3m loans total out of 30M small businesses (not to mention some of those loans weren't really to small business)

Crazy times we live in!
Couple quick questions

Since im an IC, do I just put my name under the Business Legal Name portion?

Under the Applicant Ownership portion where it wants you to list all people that own at least 20% of the equity of applicant, do I need to put my information in those boxes since its just me and I've already put my info in?

Im putting in another app with a small local bank because I was an idiot and applied with paypal and I know they will take their sweet ass time and I'll miss out.
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Old 04-22-2020, 11:10 AM   #12
Buehler445 Buehler445 is offline
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Originally Posted by Mr. Plow View Post
Did you get any rain? We got drenched overnight.
Jesus **** no. We got a sprinkle in the afternoon and ****all else. I was really bummed this morning. Started a pivot. At least that wheat won’t die.

Quote:
Originally Posted by dlphg9 View Post
Couple quick questions

Since im an IC, do I just put my name under the Business Legal Name portion?

Under the Applicant Ownership portion where it wants you to list all people that own at least 20% of the equity of applicant, do I need to put my information in those boxes since its just me and I've already put my info in?

Im putting in another app with a small local bank because I was an idiot and applied with paypal and I know they will take their sweet ass time and I'll miss out.
I think it depends on how your business is structured. Definitely get in there and talk to a bank. Like today.
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Old 04-22-2020, 12:02 PM   #13
dlphg9 dlphg9 is offline
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Jesus **** no. We got a sprinkle in the afternoon and ****all else. I was really bummed this morning. Started a pivot. At least that wheat won’t die.



I think it depends on how your business is structured. Definitely get in there and talk to a bank. Like today.
Will do. I have a feeling this money will be gone in just a couple of days.
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Old 04-22-2020, 12:28 PM   #14
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Originally Posted by dlphg9 View Post
Couple quick questions

Since im an IC, do I just put my name under the Business Legal Name portion?

Under the Applicant Ownership portion where it wants you to list all people that own at least 20% of the equity of applicant, do I need to put my information in those boxes since its just me and I've already put my info in?

Im putting in another app with a small local bank because I was an idiot and applied with paypal and I know they will take their sweet ass time and I'll miss out.
Yes.
No.
You should make sure the other application hasn’t been submitted. If so and you submit another application you could be signing off on false info where they asked if you could be getting money from ppp already...
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Old 04-22-2020, 02:45 PM   #15
mililo4cpa mililo4cpa is offline
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Quote:
Originally Posted by dlphg9 View Post
Couple quick questions

Since im an IC, do I just put my name under the Business Legal Name portion?

Under the Applicant Ownership portion where it wants you to list all people that own at least 20% of the equity of applicant, do I need to put my information in those boxes since its just me and I've already put my info in?

Im putting in another app with a small local bank because I was an idiot and applied with paypal and I know they will take their sweet ass time and I'll miss out.
all of my clients have been businesses, so not certain on the protocol for ICs...Bank should be able to help you with that....Sorry I couldn't be more help with that...

Yes...don't go through PayPal....go through small banks....they process applications one by one, not in tranches like the big banks
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