desperatehills
Very Active Member
- Messages
- 1,389
I own a auto repair and have 3 employees that work for me. We have been in business since 1983. We always have a full schedule, typically it takes a week to get in. Since the virus and stay at home orders have started my business has plummeted. We have pre scheduled only 3 jobs for this week and have one written for next. We still get calls for work and can bring those right in without appointment.
I have decided to keep all my employees on. They are all salary so the slow times don't hurt them like it would if they were paid flat rate. When they do not have a job in their bay we are getting caught up on shop maintenance.
The PPP (paycheck protection program) will help me greatly with my decision to stay open and keep everyone working. I have filed for the SBA advance as well as 2 1/2 months of payroll through the PPP program. The process has been challenging. I had to do the SBA application twice because they changed some of the language in it. I did not get notified about the change in form from SBA, the drive through teller told me to refile or I would have never known. I sent all my payroll reports and applications through a online application with my bank for the ppp loan. A week after a different teller for my bank at a different branch told me I had to give them paper applications, the attachments that were requested with the online application would not be used. When I refiled with my bank it turns out my original online application was sent to a branch that is 200 miles away and was in the system.
Now I wait.....with my application at a branch that doesn't know me....hoping to get approved. Have any other MM'ers applied? How has the process gone for you? At 54 years old this is the first time I have ever applied for any form of assistance. My wife and I have never been unemployed, on food assistance, hell I didn't even qualify for cash for clunkers. The money I applied for will barely cover my Quarterly tax estimate I intend to send off today.
I have decided to keep all my employees on. They are all salary so the slow times don't hurt them like it would if they were paid flat rate. When they do not have a job in their bay we are getting caught up on shop maintenance.
The PPP (paycheck protection program) will help me greatly with my decision to stay open and keep everyone working. I have filed for the SBA advance as well as 2 1/2 months of payroll through the PPP program. The process has been challenging. I had to do the SBA application twice because they changed some of the language in it. I did not get notified about the change in form from SBA, the drive through teller told me to refile or I would have never known. I sent all my payroll reports and applications through a online application with my bank for the ppp loan. A week after a different teller for my bank at a different branch told me I had to give them paper applications, the attachments that were requested with the online application would not be used. When I refiled with my bank it turns out my original online application was sent to a branch that is 200 miles away and was in the system.
Now I wait.....with my application at a branch that doesn't know me....hoping to get approved. Have any other MM'ers applied? How has the process gone for you? At 54 years old this is the first time I have ever applied for any form of assistance. My wife and I have never been unemployed, on food assistance, hell I didn't even qualify for cash for clunkers. The money I applied for will barely cover my Quarterly tax estimate I intend to send off today.