This may be helpful Federal Stimulus Package Makes Loans Available to Small Businesses to Help Keep People Employed
Thanks. To put the deaths per million number in perspective relative to the 100,000 deaths number - 300 deaths per million get the US to 100,000. Spain and Italy are more than half way there. It’s a cumulative number. It doesn’t go down. I’m not making any claims with any of the above. I’m putting the chart in the context of the 100,000 number now in the public consciousness.
Yeah. I know about that. (thanks nonetheless.) I was referring to our plan to pay out of our reserves. The longer we can do that the further out we push the need for stimulus money which means the further out our staff gets paid. Fortunately because of our propensity for hurricanes we plan for long closings from time to time.
Eleven Liberty University students suspected have coronavirus after college president reopened | Daily Mail Online
Read the thread that just was moved over here from Swamp Gas. Posts as late as this last weekend along the same lines as: 1) no worse than H1N1 or the flu; 2) this is politically motivated by the MSM. We can see the real danger of policy motivated by clickbait falsehoods, lies, and non-science based decision making.
Dr. Dix is saying 200,000 would be a success now “if we do things almost perfectly,” which is horrifying.
so my wife and I were sick in Feb. A lot of the same symptoms and I went to Duke medical and had a strep and Flu test ran. Tested neg for both and was told it was some virus that they don't know what it was. That being said a lot of it lines up with Wuhan flu, I want to have my blood drawn to see if I have the antibodies, if I do I will donate my plasma as much as I can to try to squash this damn thing
Seems to me that's the administration prepping for claims of success (e.g. moving the goalposts), much like trump's 100K statement yesterday. They could create more room by claiming that anything under 2.2MM means they did everything perfectly. Success!
It's a helluva deal - the forgiveness can run 70+% of the original loan amount. I'm working with three companies to file applications ASAP. based upon telephone conversations today, the SBA will issue final guidelines within 7-10 days of legislation being passed so hopefully, lenders will begin taking applications this Friday. If you have a small business (or know someone who does) need to get on this. April will be crazy for SBA lenders!! Some key parts re business loans: SEC. 1102. PAYCHECK PROTECTION PROGRAM. ``(F) Participation in the paycheck protection program.--In an agreement to participate in a loan on a deferred basis under paragraph (36), the participation by the Administration shall be 100 percent.''; and ``(ii) the term `covered loan' means a loan made under this paragraph during the covered period; ``(iii) the term `covered period' means the period beginning on February 15, 2020 and ending on June 30, 2020; ``(viii) the term `payroll costs'-- ``(I) means-- ``(aa) the sum of payments of any compensation with respect to employees that is a-- ``(AA) salary, wage, commission, or similar compensation; ``(BB) payment of cash tip or equivalent; ``(CC) payment for vacation, parental, family, medical, or sick leave; ``(DD) allowance for dismissal or separation; ``(EE) payment required for the provisions of group health care benefits, including insurance premiums; ``(FF) payment of any retirement benefit; or ``(GG) payment of State or local tax assessed on the compensation of employees; and ``(bb) the sum of payments of any compensation to or income of a sole proprietor or independent contractor that is a wage, commission, income, net earnings from self-employment, or similar compensation and that is in an amount that is not more than $100,000 in 1 year, as prorated for the covered period; and ``(II) shall not include-- ``(aa) the compensation of an individual employee in excess of an annual salary of $100,000, as prorated for the covered period; ``(bb) taxes imposed or withheld under chapters 21, 22, or 24 of the Internal Revenue Code of 1986 during the covered period; ``(cc) any compensation of an employee whose principal place of residence is outside of the United States; ``(E) Maximum loan amount.--During the covered period, with respect to a covered loan, the maximum loan amount shall be the lesser of-- ``(i)(I) the sum of-- ``(aa) the product obtained by multiplying-- ``(AA) the average total monthly payments by the applicant for payroll costs incurred during the 1-year period before the date on which the loan is made, except that, in the case of an applicant that is seasonal employer, as determined by the Administrator, the average total monthly payments for payroll shall be for the 12-week period beginning February 15, 2019, or at the election of the eligible recipient, March 1, 2019, and ending June 30, 2019; by ``(BB) 2.5; and ``(bb) the outstanding amount of a loan under subsection (b)(2) that was made during the period beginning on January 31, 2020 and ending on the date on which covered loans are made available to be refinanced under the covered loan; or ``(ii) Delegated authority.-- ``(I) In general.--For purposes of making covered loans for the purposes described in clause (i), a lender approved to make loans under this subsection shall be deemed to have been delegated authority by the Administrator to make and approve covered loans, subject to the provisions of this paragraph. ``(II) Considerations.--In evaluating the eligibility of a borrower for a covered loan with the terms described in this paragraph, a lender shall consider whether the borrower-- ``(aa) was in operation on February 15, 2020; and ``(bb)(AA) had employees for whom the borrower paid salaries and payroll taxes; or ``(BB) paid independent contractors, as reported on a Form 1099-MISC. SEC. 1106. LOAN FORGIVENESS. (a) Definitions.--In this section-- (1) the term ``covered loan'' means a loan guaranteed under paragraph (36) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by section 1102; (2) the term ``covered mortgage obligation'' means any indebtedness or debt instrument incurred in the ordinary course of business that-- (A) is a liability of the borrower; (B) is a mortgage on real or personal property; and (C) was incurred before February 15, 2020; (3) the term ``covered period'' means the 8-week period beginning on the date of the origination of a covered loan; (4) the term ``covered rent obligation'' means rent obligated under a leasing agreement in force before February 15, 2020; (5) the term ``covered utility payment'' means payment for a service for the distribution of electricity, gas, water, transportation, telephone, or internet access for which service began before February 15, 2020; (6) the term ``eligible recipient'' means the recipient of a covered loan; (7) the term ``expected forgiveness amount'' means the amount of principal that a lender reasonably expects a borrower to expend during the covered period on the sum of any-- (A) payroll costs; (B) payments of interest on any covered mortgage obligation (which shall not include any prepayment of or payment of principal on a covered mortgage obligation); (C) payments on any covered rent obligation; and (D) covered utility payments; and (8) the term ``payroll costs'' has the meaning given that term in paragraph (36) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by section 1102 of this Act. (b) Forgiveness.--An eligible recipient shall be eligible for forgiveness of indebtedness on a covered loan in an amount equal to the sum of the following costs incurred and payments made during the covered period: (1) Payroll costs. (2) Any payment of interest on any covered mortgage obligation (which shall not include any prepayment of or payment of principal on a covered mortgage obligation). (3) Any payment on any covered rent obligation. (4) Any covered utility payment. (c) Treatment of Amounts Forgiven.-- (1) In general.--Amounts which have been forgiven under this section shall be considered canceled indebtedness by a lender authorized under section 7(a) of the Small Business Act (15 U.S.C. 636(a)). (d) Limits on Amount of Forgiveness.-- (1) Amount may not exceed principal.--The amount of loan forgiveness under this section shall not exceed the principal amount of the financing made available under the applicable covered loan. (2) Reduction based on reduction in number of employees.-- (A) In general.--The amount of loan forgiveness under this section shall be reduced, but not increased, by multiplying the amount described in subsection (b) by the quotient obtained by dividing-- (i) the average number of full-time equivalent employees per month employed by the eligible recipient during the covered period; by (ii)(I) at the election of the borrower-- (aa) the average number of full-time equivalent employees per month employed by the eligible recipient during the period beginning on February 15, 2019 and ending on June 30, 2019; or (bb) the average number of full-time equivalent employees per month employed by the eligible recipient during the period beginning on January 1, 2020 and ending on February 29, 2020; or (B) Calculation of average number of employees.--For purposes of subparagraph (A), the average number of full-time equivalent employees shall be determined by calculating the average number of full-time equivalent employees for each pay period falling within a month. (3) Reduction relating to salary and wages.-- (A) In general.--The amount of loan forgiveness under this section shall be reduced by the amount of any reduction in total salary or wages of any employee described in subparagraph (B) during the covered period that is in excess of 25 percent of the total salary or wages of the employee during the most recent full quarter during which the employee was employed before the covered period. (B) Employees described.--An employee described in this subparagraph is any employee who did not receive, during any single pay period during 2019, wages or salary at an annualized rate of pay in an amount more than $100,000. (4) Tipped workers.--An eligible recipient with tipped employees described in section 3(m)(2)(A) of the Fair Labor Standards Act of 1938 (29 U.S.C. 203(m)(2)(A)) may receive forgiveness for additional wages paid to those employees. (5) Exemption for re-hires.-- (A) In general.--In a circumstance described in subparagraph (B), the amount of loan forgiveness under this section shall be determined without regard to a reduction in the number of full-time equivalent employees of an eligible recipient or a reduction in the salary of 1 or more employees of the eligible recipient, as applicable, during the period beginning on February 15, 2020 and ending on the date that is 30 days after the date of enactment of this Act. (B) Circumstances.--A circumstance described in this subparagraph is a circumstance-- (i) in which-- (I) during the period beginning on February 15, 2020 and ending on the date that is 30 days after the date of enactment of this Act, there is a reduction, as compared to February 15, 2020, in the number of full- time equivalent employees of an eligible recipient; and (II) not later than June 30, 2020, the eligible employer has eliminated the reduction in the number of full-time equivalent employees; (ii) in which-- (I) during the period beginning on February 15, 2020 and ending on the date that is 30 days after the date of enactment of this Act, there is a reduction, as compared to February 15, 2020, in the salary or wages of 1 or more employees of the eligible recipient; and (II) not later than June 30, 2020, the eligible employer has eliminated the reduction in the salary or wages of such employees; or (iii) in which the events described in clause (i) and (ii) occur.
Global deaths have ticked up to 19% of Closed cases. Possible good news is that it took roughly 20 more hours that it did to go from 17 to 18% Hope that trend continues. CLOSED CASES 194,926 Cases which had an outcome: 158,700 (81%) Recovered / Discharged 36,226 (19%) Deaths
NY new numbers 66497 positive 9517 currently in hospital 2352 in ICU 4204 discharged from hospital (+632)
Agreed. We are putting our numbers together now. Still looking for affirmative guidance if participating in the PPP program excludes you from the EIDL program. Would like to be able to refi some debt under the EIDL program if possible