Messages

1

COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: March 03, 2021, 10:55:22 AM »

Anyone here an accountant or know rules of PPP?

I took payroll at the end of 2020 for the entire year, I am under the understanding that I should be able to divide it by 12 and times it by 2.5 and apply for PPP based on that. Is that true or false?

I have been denied by 2 places already for insufficient documents and one of them being BOA telling me I need to prove I was open on Feb 15, 2020 and I must submit payroll documents for that month even though none exist. Based on that they told me in short go fly a kite.

Anything to be done here?

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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: February 04, 2021, 09:15:21 AM »

<<referral link redacted>>

But they paused applications for now

Why?

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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: February 04, 2021, 08:37:10 AM »

I think their biggest issue, is what Phil Goldfeder said on webinar that they held with aguda a few weeks ago.
They were all proud that unlike other banks that had thousands of employees working on ppp, Cross river did round 1 with just 100 employees.
100 employees are way way too little. (And if some of those 100 employees are the clueless people in India that are answering the phones, we are even worse off.)

Sounds very jewish to me.

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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: February 04, 2021, 08:36:36 AM »

Any suggestions for another place to apply for PPP as Cross River seems to be a waste of time and no one there to help?

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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: February 01, 2021, 02:45:50 PM »

Is there anyone home at Cross River Bank?

I've never had such bad customer service when calling a bank in my life and there is literally no one to talk to about a PPP application. The only way is by email it seems and 2 weeks in and no one responds.


Is this how the service is supposed to be with them?

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COVID-19 Discussion Board / Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)

« on: January 27, 2021, 08:00:15 PM »

I applied with Cross River on the 18th.  I just received this. should I also apply elsewhere?

Dear Applicant:

Thank you for choosing Cross River for your Small Business Administration (SBA) Paycheck Protection Program (PPP) loan. As you may be aware, we use a highly automated system to review your loan application and uploaded documents. We have determined that your application will require a manual review by our team. We are working around the clock to properly validate your application and will try to resolve in the coming days. In the meantime, please feel free to check your loan status here and please continue to check your email as we may send requests for additional documents or clarification.
 
Once a determination is made, your loan will either be processed or you may be prompted to re-apply. Before you re-apply, please review the required documents relevant to your particular application as well as helpful hints to ensure you can successfully re-apply.

Sincerely,
Cross River Bank

I got this as well, let me know if you hear back from them or get approved.
I sent them an email asking them what the issue might be.

7

Deals/Deal Requests / Re: Desktop Deals Master Thread

« on: October 17, 2020, 09:10:32 PM »

Is this a good desktop for the price?

https://www.amazon.com/Dell-Inspiron-Desktop-3880-Site/dp/B08BS5LW7X/ref=sr_1_28?dchild=1&fst=as%3Aoff&keywords=desktops&qid=1602982240&refinements=p_89%3ADell%7CLenovo%2Cp_n_feature_five_browse-bin%3A13580791011%2Cp_n_feature_four_browse-bin%3A2289792011%7C2289793011%2Cp_n_condition-type%3A2224371011&rnid=2224369011&s=electronics&sr=1-28#

As well are these good monitors or any suggestions for something in this price range:

https://www.amazon.com/HP-23-8-inch-Adjustment-Speakers-VH240a/dp/B072M34RQC/ref=sr_1_10?dchild=1&keywords=computer+monitors&qid=1602982975&s=electronics&sr=1-10

https://www.amazon.com/HP-24mh-FHD-Monitor-Built/dp/B08BF4CZSV/ref=sr_1_3?dchild=1&keywords=computer+monitors&qid=1602982975&s=electronics&sr=1-3

8

Credit Cards And Finance / Re: Chase 5/24 rule

« on: August 23, 2020, 10:21:54 PM »

Dp, I just had success in getting approved for the Chase Ink Preferred even though I am 5/24. My Chase Private Client banker was able to send an application to my email and have me fill it out. You may need to provide a valid reason for wanting another card though. For instance I did not have any business cards with Chase.. Anyone else have success in bypassing Chase 5/24?

I thought Chase PC doesn't help.

9

Destination Guides And Trip Planning / Re: Los Angeles Master Thread

« on: August 16, 2020, 12:52:55 AM »

I wouldn't want to stay downtown.

What about the Kimpton in W. Hollywood or Beverly hills, is that nice?

10

Destination Guides And Trip Planning / Re: Los Angeles Master Thread

« on: August 16, 2020, 12:47:51 AM »

Is the IHG downtown LA nice?

11

COVID-19 Discussion Board / Re: What are MEN in the USA that usually go to the Mikvah daily doing?

« on: May 03, 2020, 09:03:38 PM »

פרק מקוואות במקום תוספת טהרה

The Rebbe advised someone to do this iirc.

12

Credit Cards And Finance / Re: any accountants out there that i can ask a question?

« on: April 24, 2020, 09:20:49 AM »

I got stuck by the first part. $8k x 2.5 =$20,000 not $24k

I made a mistake, my bad.

13

Credit Cards And Finance / Re: any accountants out there that i can ask a question?

« on: April 20, 2020, 04:55:48 PM »

Has anyone here applies for PPP successfully through BOA?

As well if someone took no salary in 2019 but then began a salary in 2020 for $8k a month so now they want to apply for PPP and get 2.5 times salary which should be $24k will they get that?

Or since it's based on the past 12 months of salary you would divide that number by 12, so in this case they took $24k worth of salary in Q1 of 2020 and that's as well what they took in the last 12 months so really it's as if they took $2k per month based on a 12 month cycle so they would only get $5k?

14

General Discussion / Re: Selling on Amazon Master Thread

« on: April 05, 2020, 10:15:44 AM »

Thanks. Can you give me an idea of what the auto-reply message looks like?

Do you say you are on vacation or just say “we will try to respond as soon as possible”?

Out of the office from x - x and we will respond to all your questions when we get back.

15

General Discussion / Re: Selling on Amazon Master Thread

« on: April 05, 2020, 10:14:49 AM »

Holiday season all over again!?

https://www.doctorofcredit.com/amazon-temporarily-extends-return-window-items-purchased-in-march-april-can-be-returned-through-may-31/

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General Discussion / Re: Selling on Amazon Master Thread

« on: April 05, 2020, 10:12:17 AM »

Probably been asked many times before. What do most people do over a three day Yom Tov for FBA items? Set up an auto responder? Put the whole store in vacation mode?

I put my gmail account on auto respond which responds to emails from buyers.

As for sales I let it run, ask your LOR what he holds and you can't put FBA items on vacation mode.

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Credit Cards And Finance / Re: Stocks

« on: March 25, 2020, 10:58:05 PM »

just listen to the scientists, bottom has not Come yet, we will have a good rest of the week but next week will be a bloodbath

What scientists say has nothing to do with a bottom.

18

Credit Cards And Finance / Re: Stocks

« on: February 27, 2020, 10:17:09 PM »

I don't know anything. But unlike previous dips we had during this long bull run, which were based on fears or emotions of what might happen (such as the effects of tariffs, Brexit, etc.), this pull back is based on real actual significant disruptions with an unknown end, and serious risk of growing into a much bigger issue. On top of that we were dealing with a richly valued market which is mostly fueled by low interest rates.

If it keeps going down interest rates will be cut slowly again.
There have been other such risks and markets went down and the issues got sorted and then we were back on track.

19

Credit Cards And Finance / Re: Stocks

« on: February 27, 2020, 09:00:56 PM »

Well, as I pointed out before, this isn't just "a dip".

I would recommend you educate yourself a little bit about P/E ratios and future returns. Hussman has been writing about this for longer than I can remember, but for a simpler shorter read you can try https://fsinvestments.com/learn/articles/PE-ratios I also highly recommend reading Richard Russel's timeless article https://www.mauldineconomics.com/images/uploads/pdf/mwo041406.pdf

Please explain how you know it's not just a dip?
I assume then you're shorting the market, as you'll be guaranteed to make money.

20

General Discussion / Re: Selling on Amazon Master Thread

« on: February 26, 2020, 12:34:39 PM »

BGs...

Come again?