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  1. #601
    Join Date
    May 2015
    Posts
    31
    Quote Originally Posted by Mustonen View Post
    Oh fuck off.

    If you are so fucking bad at reading an environment as this any consulting you have to offer is guaranteed to be 100% absolutely worthless.

    Thanks for the brief interlude of hilarity, though.
    Your ignorance should just be left to hang there as a testament to..um...your ignorance.

    There are lots of brave folks out there trying to start and build businesses (or find new revenue streams for existing ones), despite COVID. Maybe you don't meet them where you spend your time in "my own little world."

    My tip: pick up a dictionary and look up mentorship. It's not for-pay consulting.

    There are things in this world to be angry about, for sure. Someone offering volunteer support for entrepreneurs, in my mind, is not one of them.

    If I misunderstood the meaning of "THREAD: SMALL BIZ SUPPORT 2020" and a forum admin tells me to delete my post for lack of relevance I'll do it. But not because some twat can't read, gets angry at something he doesn't understand, and lashes out.

  2. #602
    Join Date
    Oct 2002
    Location
    my own little world
    Posts
    2,696
    Quote Originally Posted by chopchop View Post
    Your ignorance should just be left to hang there as a testament to..um...your ignorance.

    There are lots of brave folks out there trying to start and build businesses (or find new revenue streams for existing ones), despite COVID. Maybe you don't meet them where you spend your time in "my own little world."

    My tip: pick up a dictionary and look up mentorship. It's not for-pay consulting.

    There are things in this world to be angry about, for sure. Someone offering volunteer support for entrepreneurs, in my mind, is not one of them.

    If I misunderstood the meaning of "THREAD: SMALL BIZ SUPPORT 2020" and a forum admin tells me to delete my post for lack of relevance I'll do it. But not because some twat can't read, gets angry at something he doesn't understand, and lashes out.
    I mean, like thatís cool. But yes, you misunderstood the meaning. And if youíre still unaware of that after being called out on it, Iím genuinely at a loss re: your extension of support thatís apparently not disingenuous?
    focus.

  3. #603
    Join Date
    Dec 2004
    Posts
    13,953
    Show us her Tits.
    Ooof!

  4. #604
    Join Date
    Apr 2006
    Location
    Spokane/Schweitzer
    Posts
    5,444
    Quote Originally Posted by Mustonen View Post
    I mean, like that’s cool. But yes, you misunderstood the meaning. And if you’re still unaware of that after being called out on it, I’m genuinely at a loss re: your extension of support that’s apparently not disingenuous?
    This is an area I have interest in. Not as an early-stage entrepreneur but as a (former) director of a non-profit director of a tech accelerator program. It's real and meaningful for many as they are on their path of scaling a technology. Good stuff and good on you for providing them support. Invaluable for those who've not traveled that path before.

  5. #605
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    10,907
    Quote Originally Posted by GoldMember View Post
    As I noted before up-thread, according to my CPA with direction from their national HQ, fuel for vehicles counts. Thinking about it, if Uber and the other items you mentioned were forgivable, why wouldn't fuel?
    Thanks AuDick.

    Iím going for it. The fact that a big CPA firm thinks itís legit helps.

    The banks have no liability for approving my forgiveness, but I want a leg to stand on, so I can push back if they question me.
    ďLife has become immeasurably better since I have been forced to stop taking it seriously.Ē
    Hunter S. Thompson

  6. #606
    Join Date
    Dec 2003
    Location
    Tech Bro Central
    Posts
    2,923
    Quote Originally Posted by chopchop View Post
    Your ignorance should just be left to hang there as a testament to..um...your ignorance.

    There are lots of brave folks out there trying to start and build businesses (or find new revenue streams for existing ones), despite COVID. Maybe you don't meet them where you spend your time in "my own little world."

    My tip: pick up a dictionary and look up mentorship. It's not for-pay consulting.

    There are things in this world to be angry about, for sure. Someone offering volunteer support for entrepreneurs, in my mind, is not one of them.

    If I misunderstood the meaning of "THREAD: SMALL BIZ SUPPORT 2020" and a forum admin tells me to delete my post for lack of relevance I'll do it. But not because some twat can't read, gets angry at something he doesn't understand, and lashes out.
    Have you won a Grammy?

  7. #607
    Join Date
    Aug 2007
    Posts
    6,254
    chochop is offering help, some of you here clearly need it, maybe me too, what the hell are we arguing about again?

  8. #608
    Join Date
    Feb 2005
    Posts
    13,158
    I'm here to offer free tit mentoring.

  9. #609
    Join Date
    Feb 2009
    Location
    Retardbumville
    Posts
    664
    Chop Chop is racist.

  10. #610
    Join Date
    Dec 2004
    Posts
    13,953
    Bank just sent me the P3 Loan forgiveness application.

    https://www.sba.gov/about-sba/sba-ne...ss-application
    Ooof!

  11. #611
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    10,907
    Quote Originally Posted by Bunion 2020 View Post
    Bank just sent me the P3 Loan forgiveness application.

    https://www.sba.gov/about-sba/sba-ne...ss-application
    Thx. Very helpful, even though I’m only in week three.

    Looks like door #2 is made legit. Just get to FTE and payroll by June 30 and you’re golden.
    ďLife has become immeasurably better since I have been forced to stop taking it seriously.Ē
    Hunter S. Thompson

  12. #612
    Join Date
    Dec 2005
    Location
    STL
    Posts
    9,522
    Thatís amazing. Basically not even asking if you took a hit.

    For the history books.


    Sent from my iPhone using TGR Forums

  13. #613
    Join Date
    Feb 2005
    Posts
    13,158
    My EIDL was approved out of nowhere.

  14. #614
    Join Date
    Dec 2004
    Posts
    13,953
    ^^^ Weird isn't it? I put in just as shit when sideways. Never heard a word and suddenly, deposit in my account.
    Ooof!

  15. #615
    Join Date
    Apr 2004
    Location
    Three-O-Three
    Posts
    14,229

  16. #616
    Join Date
    Dec 2004
    Posts
    13,953
    1K per employee, and I am that employee. What with P3 I will be sending that 1K back.
    Ooof!

  17. #617
    Join Date
    Feb 2005
    Posts
    13,158
    They approved me for $20k. I took half.

    This isn't PPP.

  18. #618
    Join Date
    Dec 2004
    Posts
    13,953
    Nope, but one affects the other. EIDL isn't forgivable if you accept P3 funds.
    Ooof!

  19. #619
    Join Date
    Feb 2005
    Posts
    13,158
    Quote Originally Posted by Bunion 2020 View Post
    Nope, but one affects the other. EIDL isn't forgivable if you accept P3 funds.
    Yep.

  20. #620
    Join Date
    Dec 2004
    Posts
    13,953
    P3 period to be extended from 8 weeks to 24 weeks.
    Ooof!

  21. #621
    Join Date
    Apr 2004
    Location
    Three-O-Three
    Posts
    14,229
    Quote Originally Posted by Bunion 2020 View Post
    P3 period to be extended from 8 weeks to 24 weeks.
    Meaning the business now has 24 weeks to spend the funds on payroll, expenses, etc, I'm assuming?

  22. #622
    Join Date
    Apr 2006
    Location
    Spokane/Schweitzer
    Posts
    5,444
    Quote Originally Posted by smmokan View Post
    Meaning the business now has 24 weeks to spend the funds on payroll, expenses, etc, I'm assuming?
    Yes. Additionally, the threshold for payroll expenses reduces to 60% from 75% meaning you have additional room for utility expenses to be used. This is a good thing.

  23. #623
    Join Date
    May 2009
    Location
    inpdx
    Posts
    13,156
    Quote Originally Posted by Bunion 2020 View Post
    P3 period to be extended from 8 weeks to 24 weeks.
    but the loan amount is not extendable also, right? just the period to use whatever you got...

  24. #624
    Join Date
    Aug 2018
    Posts
    26
    Quote Originally Posted by GoldMember View Post
    Yes. Additionally, the threshold for payroll expenses reduces to 60% from 75% meaning you have additional room for utility expenses to be used. This is a good thing.
    But now that 60% is a cliff. Its either 60% or higher full forgiveness, or 59% no forgiveness. With the same restrictions for FTE, and no less than 25% wage reduction. Shouldn't be an issue for most but it changes things a bit.

    I didn't see it in the law but I also assume (but need to see confirmation from the new PPP forgiveness guidelines that will be forthcoming) that the forgiveness limit on owners comp went up from 15.385% (8/52) of 2019 compensation to 46.15% (24/52) of 2019 compensation)

  25. #625
    Join Date
    Dec 2005
    Location
    Central OR
    Posts
    5,307
    Quote Originally Posted by NewYorkDirtBag View Post
    But now that 60% is a cliff. Its either 60% or higher full forgiveness, or 59% no forgiveness.
    But can't you just exclude some utilities from your calculation until you get to 60%? Shouldn't be an issue at all.

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