Started By
Message

re: Just had to do the hardest thing I ever had to do

Posted on 3/24/20 at 2:22 pm to
Posted by LSUtigerMD
Member since Nov 2005
1169 posts
Posted on 3/24/20 at 2:22 pm to
New SBA rules allow you to get a loan to cover payroll, rent, utilities, and a few other things. The payroll portion of the loan is forgivable. Look into it.
Posted by Possumslayer
Pascagoula
Member since Jan 2018
6474 posts
Posted on 3/24/20 at 2:22 pm to
Run out of peanut butter?
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 3/24/20 at 2:22 pm to
quote:

On this board, there was a 90% chance that hard thing was putting down a lab.

I ain't gonna lie. I 100% clicked on this thread thinking that's what it was.
Posted by 2Yutes
BR
Member since Oct 2018
2479 posts
Posted on 3/24/20 at 2:23 pm to
quote:

If Nancy wasn't playing politics with peoples lives,


So true. It’s infuriating to see. Hang in there people. We will overcome.

But never forget Pelosi & Schumer’s attitude toward those in DESPERATE need.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 3/24/20 at 2:24 pm to
quote:

We have all kept people on longer than we should in spite of falling revenue, with the anticipation that things will get better.


Yep. Gotta believe in yourself but you also have to able to look reality right in the face.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/24/20 at 2:25 pm to
quote:

The entire world is facing the same thing yet all I see these days is Trump vs "Lib tards" talk.


That's all these people care about. Owning the libs as payback for Obama.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 3/24/20 at 2:25 pm to
quote:

New SBA rules allow you to get a loan to cover payroll, rent, utilities, and a few other things. The payroll portion of the loan is forgivable. Look into it.


Let's see how strict the guidelines are for the loan.
Posted by jscrims
Lost
Member since May 2008
3836 posts
Posted on 3/24/20 at 2:26 pm to
I’m stuck in a crappy situation as well. I am starting my insurance agency on 4/1 and my bosses basically said bring in everyone I hired. I have 3 employees I’ve hired and are ready to start on 4/1 but I’m not sure what to do. None of the people are licensed and we can work where we are all 6 feet away from each other but I don’t know what to do.

My plan is to bring them on and pay them $10/ hr instead of what I was planning and get them as well trained in whatever they can do and ride it as long as I can. Our business will still be bringing in money as I have an existing book but if this goes out any longer, I don’t know if I will be able to keep anyone/everyone.

My people don’t even rely on me yet but I am nervous about how I will be letting them down.
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 3/24/20 at 2:27 pm to
quote:

You fools are focused on bullshite infighting of political scum on both sides to distract you from how terrible a job they are all doing regarding this virus.


Suck a big fat one.

People are starting to lose everything and that bitch Pelosi is trying to get 300 million for damn immigrants plus a ton of other shite.


OP

I hope you guys are able to bounce back soon.
Posted by Ed Osteen
Member since Oct 2007
59351 posts
Posted on 3/24/20 at 2:27 pm to
quote:

liberals dont care

they insist on union bargaining rights and funding for abortions or your not getting and relief



don't be such a pussy
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 3/24/20 at 2:28 pm to
yeah shite's wild
Posted by GhostofLesticleMiles
High Plains Drifter
Member since Sep 2019
1165 posts
Posted on 3/24/20 at 2:29 pm to
Had to call a guy in last week to give him his 2 week notice; which was planned and he was informed a couple months in advance it was coming. (all pre-coronavirus) Timing was horrible and didnt want to do it and in turn I got a call later that afternoon with my 2 week notice. Courtesy of yours truly, Coronavirus.
Posted by NYNolaguy1
Member since May 2011
21849 posts
Posted on 3/24/20 at 2:29 pm to
Did the same thing on Friday. $45MM of projects is on hold indefinitely.

Our installation is not letting anyone on that doesnt wear a uniform or have a certain ID.

This sucks for everyone and the pain will get worse as time goes on.
Posted by N2cars
Member since Feb 2008
40389 posts
Posted on 3/24/20 at 2:29 pm to
You have to live to fight (and hire) another day.

You can't use your line to finance payroll indefinitely, especially with no revenue coming in.

Not to mention that revenue already booked will be slow.
Posted by OceanMan
Member since Mar 2010
23419 posts
Posted on 3/24/20 at 2:30 pm to
quote:


New SBA rules allow you to get a loan to cover payroll, rent, utilities, and a few other things. The payroll portion of the loan is forgivable. Look into it.



And this is where the politics (much less bureaucracy) comes in. That info is not yet available, because it isn’t funded.

And we have no idea how long the waiting game will be
Posted by jampat
Denham Springs, LA
Member since Jan 2007
11193 posts
Posted on 3/24/20 at 2:31 pm to
I just told 8 people to stay home and without pay.
Posted by Deep Purple Haze
LA
Member since Jun 2007
71768 posts
Posted on 3/24/20 at 2:31 pm to
quote:

The payroll portion of the loan is forgivable


link?
Posted by tigerinthebueche
Member since Oct 2010
38239 posts
Posted on 3/24/20 at 2:31 pm to
quote:

Laid off 70 myself



how do you have 70 employees?


(thought I knew what you do)
Posted by McCaigBro69
TigerDroppings Premium Member
Member since Oct 2014
45352 posts
Posted on 3/24/20 at 2:32 pm to
I don’t think the payroll portion is ‘forgiveable’, but instead can be written off come tax time.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 3/24/20 at 2:33 pm to
This post was edited on 3/24/20 at 2:34 pm
first pageprev pagePage 3 of 6Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram