Started By
Message

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

Posted on 3/24/20 at 2:34 pm to
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 3/24/20 at 2:34 pm to
My model is pretty lean to begin with which is good. I rely on boots on the ground so it's difficult knowing I could be putting people in harms way by sending them out on projects. My son runs all the projects in the field so it's doubly hard.

But, to survive we have to work. Bottom line. Like you said, revenue has to come in.
Posted by OceanMan
Member since Mar 2010
23419 posts
Posted on 3/24/20 at 2:35 pm to
quote:


That's all these people care about. Owning the libs as payback for Obama.


No I think people are actually mad that the economy is running on standby while these idiots in DC can’t decide on how to get people funding when it is needed.

Is this thread not an example that people are actually facing problems and the politicians deserve to be under heat? You can’t always sit on the fence and call out the people fighting. Something needs to be done

Posted by WhyMan
Baton Rouge
Member since Apr 2016
1585 posts
Posted on 3/24/20 at 2:38 pm to
Then why were they trying to give themselves a raise in Nancy's version of the bill? I really want you to answer this. This is what the real question is.
___________________
25,000,000 for additional salary and expenses for the house of reps---pg 134
___________________
This post was edited on 3/24/20 at 2:46 pm
Posted by Redbone
between St. Amant and Port Vincent
Member since Sep 2012
20738 posts
Posted on 3/24/20 at 2:39 pm to
quote:

You idiots that see everything through partisan political spectrum
Libtard moto - never let a catastrophe go to waste.

See Nancy's bill.

Yep, the libtards see to it that this "idiot" sees everything through a political prism.

They have taught me well. You can thank them.
Posted by tigerfoot
Alexandria
Member since Sep 2006
61731 posts
Posted on 3/24/20 at 2:40 pm to
quote:


Let's see how strict the guidelines are for the loan.

Great, get a loan....then spend all profits paying back the loan for the next year and a half...

Posted by chinhoyang
Member since Jun 2011
26236 posts
Posted on 3/24/20 at 2:42 pm to
I've had a bunch of calls from employers relating to layoff issues. Without exception, there has been a lot of angst and worry.

Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 3/24/20 at 2:42 pm to
I'm sorry to hear this.

quote:

Hopefully by Easter I can call them with a ressurection of business. That is 32 families that I was responsible for . If people don't think bosses don't care or make light of these things ,they have no idea what this does.



You do care and you will get them back.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 3/24/20 at 2:49 pm to
quote:

Great, get a loan....then spend all profits paying back the loan for the next year and a half...


Like I said, let's see the guidelines.

There has already been mention of

1) deferred payments for up to a year
2) the possibility of the loans being forgiven

But keep on with that line of thinking despite not having any information.

Or perhaps you'd rather we just go out of business if this keeps up too long?

ETA: SBA loans are not predatory loans. They aren't extremely short term and they aren't at a high rate. A rate of 3.75% is published. At least know some facts first.

quote:

The interest rates for the loans are 3.75% for small businesses and 2.75% for not-for-profits. The SBA determines terms on a case-by-case basis, based on each borrower’s capacity for making monthly loan repayments. The maximum loan term is 30 years.

The loans also offer a one-year deferment on payments. This means that the first payment isn’t due until a year after the official date of the loan. However, interest starts accruing on the loan the moment the funds are disbursed.
This post was edited on 3/24/20 at 2:52 pm
Posted by Sneaky__Sally
Member since Jul 2015
12364 posts
Posted on 3/24/20 at 2:54 pm to
quote:


About 5 minutes ago I had to lay off the majority of me and my brother's workforce. We had 38 full time employees , I just laid off 32 of them and just kept a skeleton crew for orders that are outstanding. I was able to pay for the next paycheck and any outstanding commissions/bonus. Hopefully by Easter I can call them with a ressurection of business. That is 32 families that I was responsible for . If people don't think bosses don't care or make light of these things ,they have no idea what this does.


Better to let them get on unemployment assistance. Brother had to do basically the same, kept one employee but was able to pay the others another week or two of pay before he couldn't float it anymore.

Posted by bee Rye
New orleans
Member since Jan 2006
34629 posts
Posted on 3/24/20 at 2:56 pm to
Kiwi and Tim, what kind of businesses are you guys in?
Posted by Box Geauxrilla
Member since Jun 2013
19221 posts
Posted on 3/24/20 at 2:57 pm to

SBA.gov

They are still updating as info becomes available.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 3/24/20 at 2:59 pm to
Thanks. I've been all over that site. I'm not there yet but I want to plan ahead in case it gets to that.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/24/20 at 3:03 pm to
quote:

Is this thread not an example that people are actually facing problems and the politicians deserve to be under heat? You can’t always sit on the fence and call out the people fighting. Something needs to be done



I am calling out politicians. They all deserve the heat, not just the lib filth like this board thinks.
Posted by N2cars
Member since Feb 2008
40389 posts
Posted on 3/24/20 at 3:04 pm to
Those people turn everything into a political debate.

They have never held any position of responsibility and they never will.

Posted by subMOA
Komatipoort
Member since Jan 2010
2068 posts
Posted on 3/24/20 at 3:07 pm to
They know it’s not you!

Everyday I go to my company, I know that I am
singularly responsible for my people. Their successes, failures, happiness, satisfaction.

If you acted how you feel, and I am sure you did- they don’t blame you one bit and will come back with the winds change.
Posted by N2cars
Member since Feb 2008
40389 posts
Posted on 3/24/20 at 3:09 pm to
quote:

My people don’t even rely on me yet but I am nervous about how I will be letting them down.



This attitude will make you successful.

Don't let fear paralyze you, but use it for fuel.

They will quickly understand we are all in it together.
Posted by mtntiger
Asheville, NC
Member since Oct 2003
29915 posts
Posted on 3/24/20 at 3:09 pm to
I doubt any of your guys blame you, but I understand that doesn't make you feel any better.

I sat in a room of 500+ almost two weeks ago when we were told we were all going home for a long, unplanned vacation. Very difficult not to think this has been one gigantic overreaction.
Posted by CAD703X
Liberty Island
Member since Jul 2008
94730 posts
Posted on 3/24/20 at 3:10 pm to
quote:

KiwiHead


your heart's in the right place. hopefully your workers know there wasn't much you could do; any hope they have of getting their job back in a month hinges on you NOT declaring bankruptcy before then.

wishing you luck.
Posted by PUB
New Orleans
Member since Sep 2017
21247 posts
Posted on 3/24/20 at 3:20 pm to
Katrina Part II but we eventually came back stronger than before. Keep moving forward.
Posted by LSUtigerMD
Member since Nov 2005
1169 posts
Posted on 3/24/20 at 3:35 pm to
Borrower must have been in business March1, 2020 and must have paid payroll and payroll taxes.
first pageprev pagePage 4 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