Author Topic: SBA PPP and EIDL Small Business Loans (some money is forgivable)  (Read 330279 times)

Offline Shua

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #160 on: April 20, 2020, 10:45:43 PM »
I see people advocating not paying tuition across the board, whether they lost their parnassa or not. That is not a reasonable position.

I agree. However, I think it should still be a conversation with parents. I have not heard one school send out a letter or email acknowledging the hard times we are in and maybe showing how the yeshiva is applying for PPP or Grants to relive the strain on the parents. In fact some yeshivas have the chutzpah of asking parents to pay for kosher tablets!


Online S209

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #161 on: April 20, 2020, 10:47:18 PM »
seriously? No school I know has given a break for tuition so why wouldn't they be able to pay their employees?

Non profits? You know how much Harvard is worth? Check how much they got.

One thing I'm disappointed from Trump. He didn't manage to clean the swamp. Which benefits the rich and well connected. While businesses are going under because ppp is out of funds, they have 8mm to give to Harvard.

Certainly many people have stopped paying or are paying less, as many people have a lot less money now and have reached out to the schools about it. Schools donít need to be giving an across the board break to be down a lot of their regular revenue. Keep in mind the vast majority of schools face a deficit each year anyway, even with all tuition paid.

We are not discussing Harvard. Do you really think the schools in our community are getting rich and fat off our backs? If so, go open a school. Youíll soon face the grim reality.

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #162 on: April 20, 2020, 10:52:48 PM »
We are not discussing Harvard. Do you really think the schools in our community are getting rich and fat off our backs? If so, go open a school. Youíll soon face the grim reality.
Plenty of those schools on the grant list have more than enough to go around...

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #163 on: April 20, 2020, 10:55:04 PM »


Certainly many people have stopped paying or are paying less
Many is a gross understatement
Feelings don't care about your facts

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #164 on: April 20, 2020, 11:02:42 PM »
Plenty of those schools on the grant list have more than enough to go around...
Name one

Offline yzj

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #165 on: April 20, 2020, 11:10:56 PM »
Plenty of those schools on the grant list have more than enough to go around...
????

Offline cgr

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #166 on: April 20, 2020, 11:11:02 PM »
Name one
Bobov, Satmar, Vizhnitz, etc. Not one of these stand a chance of defaulting.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #167 on: April 20, 2020, 11:26:51 PM »
Bobov, Satmar, Vizhnitz, etc. Not one of these stand a chance of defaulting.
Only because the richer chassidim will bail them out.
Feelings don't care about your facts

Offline shapsam

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #168 on: April 20, 2020, 11:27:39 PM »
Only because the richer chassidim will bail them out.
If they're still rich.

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #169 on: April 20, 2020, 11:28:07 PM »
Bobov, Satmar, Vizhnitz, etc. Not one of these stand a chance of defaulting.
The schools themselves have money, or the communities that support them?

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #170 on: April 20, 2020, 11:30:47 PM »
If they're still rich.
I am sure some still are.
Feelings don't care about your facts

Offline DarcheiParent

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #171 on: April 20, 2020, 11:39:03 PM »
I agree. However, I think it should still be a conversation with parents. I have not heard one school send out a letter or email acknowledging the hard times we are in and maybe showing how the yeshiva is applying for PPP or Grants to relive the strain on the parents. In fact some yeshivas have the chutzpah of asking parents to pay for kosher tablets!
Unfortunately I agree. Schools are hoping to get PPP, grants, pell advances, whatever else is out there and then collect regular tuition payments like it's a regular day.

Honest communication from schools is very important. Be open with people and we'll be happy to pay whatever we can. Be sketchy with people and expect people to think about not paying any tuition for these months.

This is an opportunity for many schools to collect a tremendous amount of more money these months, more than ever before, but they need to communicate their plans!

Offline Joe4007

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #172 on: April 21, 2020, 06:15:00 AM »
Amazing how the Zalis got $4.48M when you compare it in size to BMG
Approx how many students at BMG?

Offline Joe4007

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #173 on: April 21, 2020, 06:17:35 AM »
How does it make sense for the big banks to have limits equal to the small banks?
It doesn't.

Any way to cancel a submitted application through Chase?

Offline Buruch

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #174 on: April 21, 2020, 06:41:41 AM »
I haven't seen a clear summary of how ppp or eidl works for a sole proprietor. Anyone have details?

Offline shapsam

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #175 on: April 21, 2020, 09:16:21 AM »
I haven't seen a clear summary of how ppp or eidl works for a sole proprietor. Anyone have details?
I got $1000 EIDL as a sole proprietor.

Offline YesThatsMe

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #176 on: April 21, 2020, 09:19:50 AM »
I got $1000 EIDL as a sole proprietor.

Mind sharing details? What date did you apply? What date did you get funded? And why not the $10K?

Offline AsherO

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #177 on: April 21, 2020, 09:32:43 AM »
Mind sharing details? What date did you apply? What date did you get funded? And why not the $10K?

Also. What was the process like?

He got $1k because the new guidelines state up to $10k grant, $1k per employee on a certain date.

Offline shapsam

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #178 on: April 21, 2020, 09:36:22 AM »
Mind sharing details? What date did you apply? What date did you get funded? And why not the $10K?
I don't know the exact date that I applied, was about 2-3 weeks ago. Got funded today. It's $1000 per employee.

Offline AsherO

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Re: SBA PPP and EIDL Small Business Loans (some money is forgivable)
« Reply #179 on: April 21, 2020, 09:37:27 AM »
I don't know the exact date that I applied, was about 2-3 weeks ago. Got funded today. It's $1000 per employee.

In your original application you gave them banking info? I donít remember including that.