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Rust Cohle
Baton rouge
Member since Mar 2014
1348 posts

re: Small Business Resource Thread COVID-19
Got $1000 from SBAD trea MISC 310.


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Palomar
Member since Aug 2019
7 posts

re: Small Business Resource Thread COVID-19
If you have hourly employees that have had time cut in half and now you have the funds to pay them full week’s wages, can/should you require they come back to the office?


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
quote:

can/should you require they come back to the office?

Depends on what their specific job is and if they can do without it OR you can do without them for a period of time. Personally, I would pay them to work/stay at home if its not an essential role that can't be done remotely.
I hope there is a finally a HUGE push for working remotely on a large scale.
Traffic in BR metro is bearable right now.


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
Firgured I'd relay this here as well.
Just got a $2000 deposit in my account from the SBA. It's got to be the "advance" part of the EIDL as we have 2 employees right now.
Still waiting on PPP loan closing date and SBA account #, but my bank did go ahead and open a separate checking account with my PPP loan amount as the opening balance, just sent all that paperwork back to them this morning.


gcgris
Member since Apr 2020
11 posts

re: Small Business Resource Thread COVID-19
I am hoping someone can help me. I bank with capital one(business and personal), and have not been able to apply for Payroll protection yet, as they continue to say they are not ready to accept applications yet. I have tried other banks and all have said you had to have an account with them, in March, in order to submit your PPP application. So, I can't even change banks to apply. I keep hearing people are getting assistance and funds are going to run out. Any help would be greatly appreciated. Thanks in advance.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27753 posts
 Online 

re: Small Business Resource Thread COVID-19
I've been asked to hold off on referrals for now. Once it opens bank up I'll be happy to share my contact with you.


gcgris
Member since Apr 2020
11 posts

re: Small Business Resource Thread COVID-19
Thanks and my email is on my profile


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shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
Wish I could help you as I'm not sure why Capital One isn't participating.
I'd would call some smaller banks in your area, post haste, to see if they are still taking applications. To be quite honest, I think you are too late, IMO, unless they add to the funds at some point. If they do, you need to get in that line ASAP.


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
I JUST recieved an email from Hancock/Whitney, who I bank with both personally and for my business. It states that it is a "pre-closing" notification through their express bank loan branch. It seems that I got funded at the last possible moment.
Will get more info from my local bank tomorrow.
I've said it but I'll say it again, the Prairieville branch of Hancock worked their asses off on my small PPP loan, and I'm sure they did for others as well.


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
Update:
Several automated emails come in overnight, a couple from docusign. My local branch is trying to find out what it is exactly.
ETA: Hancock decided LAST NIGHT was a good night to update their PPP system to incorporate DocuSign and it spit a bunch of meaningless automated emails out.

They are toying with my emotions
This post was edited on 4/16 at 11:53 am


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
Man, what a roller coaster ride this morning has been.
I finally got a message that the docusign link was legit and to go ahead and sign it.
My local branch hasn't even seen the paperwork yet and asked me to download it and send if possible.
If wouldn't let me scroll through the whole document for some reason, but I figured out how to print it to PDF and go through it.
Sure as shit, page 5 was on SBA letterhead with a loan # on it.
I'm going need an extra drink this afternoon.


lazcreek
LSU Fan
Galvez
Member since Feb 2004
1065 posts

re: Small Business Resource Thread COVID-19
When did you apply? I also bank with Whitney about the same size company as you. I applied last week and haven’t heard anything.


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
I waited for them to open the doors on the morning of the 1st.
Mine was app number 640 in hancock's PPP system.


24nights
LSU Fan
Louisiana
Member since Apr 2012
2845 posts
 Online 

re: Small Business Resource Thread COVID-19
Does the loan number tell you where you were in line to get the money?


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
I have no idea how many PPP applications H/W processed. I only know that I was #640, which I'm sure is a low number.


gcgris
Member since Apr 2020
11 posts

re: Small Business Resource Thread COVID-19
To bad I picked capital one to bank with for my business, looks like I am SOL with PPP. This really is a shame. Have talked to them many times and always told, "we are just working out the kinks," just check online for the latest update. Well, guess what they updated today and said PPP is out of money? Then, they put on there that they have been funding loans through the SBA since April 5th, WTF!! I guess for their big companies, just does not seem right.


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donRANDOMnumbers
New Orleans Pelicans Fan
Hub City
Member since Nov 2006
15725 posts

re: Small Business Resource Thread COVID-19
quote:

Hancock worked their asses off on my small PPP loan, and I'm sure they did for others as well.


We will be moving all our personal and business accounts from them. Sat on our completed apps for 10 days and we missed. Done with them.


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
Sorry to hear that. Which branch?


shawnlsu
LSU Fan
Member since Nov 2011
18496 posts

re: Small Business Resource Thread COVID-19
My PPP loan just got funded through Hancock Whitney about 10 minutes ago, for anyone interested.
This post was edited on 4/21 at 6:39 pm


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Rust Cohle
Baton rouge
Member since Mar 2014
1348 posts

re: Small Business Resource Thread COVID-19
quote:


Economic Injury Disaster Loans (EIDL) will be rationed to $15,000 per applicant, according to the US Chamber of Commerce.


Not true, my funds were deposited this morning.

I docusigned three or four days ago fwiw


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