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Business Recovery Webinar: Navigating the Next Round of PPP (Payroll Protection Program) - Shared screen with speaker view
Cobb Chamber
27:08
Thank you for joining us today! Please direct all questions to BOTH Panelists and ALL Attendees. We will be collecting questions throughout the presentations and answer as many as possible after the presentations have been completed.
Deborah Welcher
27:49
Good morning
Tepie
28:23
good morning
Sheronica Barcliff
28:24
Good morning and thank you for hosting this webinar!
Hayes Fountain
28:29
Good morning
Cobb Chamber
28:37
Thank you for joining us today! Please direct all questions to BOTH Panelists and ALL Attendees. We will be collecting questions throughout the presentations and answer as many as possible after the presentations have been completed.
Cobb Chamber
30:55
As John mentioned, we will have a recording of this webinar as well as many other resources for your business, available on our COVID-19 Resources Page here - https://covidsupport.cobbchamber.org/
Shannon Neal
30:59
Greetings All!!!!
Christina Grice
31:03
Good Morning
Sharon Mason
31:04
We're here for you!
Sharon Mason
31:22
Sharon Mason: smason@cobbchamber.org,, 404-308-8181
Sharon Mason
31:47
John Loud: (678) 300-9785
Vijay Patel
32:07
Good Morning all
Sharon Mason
32:23
john@loudsecurity.com
Barbara Jones
34:15
What bank is Clark Hungerford from?
rob
34:40
Thank you for hosting this. Are publicly owned venues eligible for this round of relief?
eric pfeifer - GA
35:45
Tell me more about nonprofits and independent contractors being covered. Thanks
Shannon Neal
35:49
What documentation will be required to show this 25% or more drop in revenue in 2020 vs 2019?
eric pfeifer - GA
37:05
What specific documents are needed to apply from a nonprofit?
Jim
37:12
are you eligible if all your payroll is to sub contractors?
juana
37:40
Is this a grant ?
Shannon Neal
37:48
I have a nonprofit, how can it qualify for the PPP?
Owner
38:29
Gm, Will this round include payments for businesses with Independent Contractors in opposed to W2 Employees?
Asiyah Mathews
38:44
Will businesses be required to apply for forgiveness for the second round of PPP?
PAOLA ALVAREZ
38:46
Hello, everyone. Good morning! We have an understanding, after reading many forums, that the only quarters that are to be compared are 1st through 3rd meaning the 4th quarter is left out. Is this not the case?
Vijay Patel
38:52
If I did not apply for first round what will need to apply for 2nd draw
rob
38:58
Will the $15b stimulus for entertainment venues and museums be handled by local banks, similar to PPP?
Matt McCaslin
45:18
Understanding that these funds are “forgivable”…would like clarity on the tax implications of the 1st Draw and what the 2nd Draw would be…are these monies taxable as income?
Sweta Patel
46:48
Is it required that PPP forgiveness application is processed before we apply for second round?
Jim Stevens, On-Call Accounting
47:40
Seems that the 1st round need certification was deemed met for loans under $150k(?)
Sweta Patel
49:07
How about the loans over $150K?
Jim
50:41
all my payroll is 1099. am I availablr
Tepie
51:55
I did not applied for the first draw but would like to apply for the 2nd one. When do the applications open, and can I apply through the SBA portal with the assistance of someone.
Chiquita
54:05
Will the SBA portal be accepting new applications ? or is it just the PPP through your local banks ?
Jim Stevens, On-Call Accounting
54:37
If a business didn't receive the max available in the 1st round, can they apply for the remainder under the 1st round rules?
Ronald Stebenne
55:04
Excellent panel...thank you Chamber!
Barbara Jones
01:00:22
Are we comparing our 2020 revenue to our 2021 revenue for the 50% reduction in revenue?
Jim Stevens, On-Call Accounting
01:01:45
Would like a copy of the slides
Cobb Chamber
01:02:20
We will distribute the slides and the Small Business Development Center’s presentation that Drew will share, later today. We will also share a recording of today’s presentation on our COVID-19 Resources page here - https://covidsupport.cobbchamber.org/
Cynthia -Listen and Learn LLC
01:07:16
Thank you all for this valuable information and your constant support of our small businesses. I truly appreciate it! I have to exit to attend another meeting but I will finishing watching this presentation once it is posted to the Cobb Chamber page. Have a wonderful day all!
Asiyah Mathews
01:07:47
As states continue to extend emergency orders that implement capacity restrictions, some industries will continue to be severely impacted by those orders. Can future revenue forecasts be included in calculating revenue decline?
Barbara Jones
01:11:37
Is that average payroll per quarter or for the whole year??
Garrett Lash
01:13:44
For the Qtr to Qtr 25% reduction does the exclusion cover the PPP loan and EIDL loan that were granted in 2020?
Asiyah Mathews
01:16:44
My NAICS begins with 51. Please review any additional benefits if there are any.
Barbara Jones
01:18:51
What if we already applied for the forgiveness?
eric pfeifer - GA
01:20:33
I need a BANK to ask. My current bank (Bank of America) does not deal with nonprofits and shut me out. Any specific advice? Thanks.
Garrett Lash
01:21:18
Was the Debt Relief payments for SBA loans automatically done? Also, does this cover SBA backed Lines of Credit?
eric pfeifer - GA
01:28:14
For Shutter Venues, do Sporting events qualify?
Asiyah Mathews
01:32:11
When applying for PPP2, will the lender go through a comprehensive list to see if applicant is better suited for ppp2, eidl, or sba grant? Or should applicants apply for each separately?
Alejandro Munoz
01:34:58
i am not sure if I understood right. SBA loans in 2020 were updated from 6 to 9 months? then 3 months 2021?
Jayda Abernathy
01:36:47
HOW MUCH FUNDS ARE AVAILABLE THROUGH COBB COUNTY FOR SMALL BUSINESS GRANTS, AND WHEN CAN WE BEGIN APPLYING?
Cobb Chamber
01:37:10
The funds allocated for the SelectCobb Small Business Relief Grant came directly from Cobb County. Unfortunately with this stimulus bill, no funding was included for local and state governments. As a result, we are not anticipating another round of grants.
Shannon Neal
01:37:33
If a business received the EIDL last round, can the business apply for the EIDL a second time?
munkd
01:42:12
Affinity Bank did over 1200 loans.
Asiyah Mathews
01:42:34
Some banks required the applicant already have an established relationship with them in order to apply for the first round of PPP. Will Vinings Bank have this requirement for PPP2?
Drew Tonsmeire
01:44:16
UGA SBDC at Kennesaw State University Kennesaw@georgiasbdc.org or 470/578-6450
Rebecca Waldron
01:45:13
Asiyah, we had to open an account at Vining Bank in order to apply for PPP the first round
Asiyah Mathews
01:45:56
Thank you for the response Rebecca!
John Loud
01:53:33
as we get close to end, please fee free to reach out to me if I can connect you with others or help in any way john@loudsecurity.com cell 678-300-9785
Barbara Jones
01:54:02
When do you think we will be able to start applying for PPP2?
Alejandro Munoz
01:55:11
can you guys please repeat from the begining till now how many months of interest and principal for existing 7a loans have been approved?
Barbara Jones
01:55:37
If we got the first loan and we use the same bank, will it be streamlined? I know its bank specific but is that the way most banks are thinking about this for their portals?
Bob Adams
01:57:17
Please clarify if 1099’s are included in the PPP2
Drew Tonsmeire
01:57:34
Contact the UGA Small Business Development Center www.georgiasbdc.org kennesaw@georgiasbdc.org 470/578-6450
Asiyah Mathews
01:58:11
no napkins or shoeboxes!
Drew Tonsmeire
01:58:11
Services of the Georgia SBDC are free of charge
Cobb Chamber
01:58:31
Clark is with Vinings Bank
April Wright
01:59:02
Thank you to all of our panelists! I appreciate all of your help!
iKare
01:59:37
Thank you, KImberly Haase www.iLoveKare.com
Sweta Patel
01:59:51
Thank you panelists, it wad very Informative.
Cobb Chamber
02:00:56
We will distribute the slides and the Small Business Development Center’s presentation that Drew shared, later today. We will also share a recording of today’s presentation on our COVID-19 Resources page here - https://covidsupport.cobbchamber.org/
Tepie
02:01:15
Thank you panelists, I got relevant information as expected.
Quinton Youmans
02:03:18
We are Youmans Health Advocacy and want to expand our filming ability to bring Health & Wellness shows to networks. Can we potentially qualify for SBA grant as a part of filming grants
Quinton Youmans
02:03:24
?
KyleMcNeir
02:04:04
Thank you for the info!!! Great job.
munkd
02:04:31
Thank you'al!!!
laura
02:04:42
God Bless you all for looking our for us. I am definitely a proud member of this community
eric pfeifer - GA
02:04:54
Thank you all so much!
Owner
02:05:14
Great panel! Thank you for this important information, God bless and stay safe! :)
Sheronica Barcliff
02:05:14
Thank you all very much! VERY helpful and informative.
Cobb Chamber
02:05:38
Thank you for joining us today! The slides presented and the recording of the webinar will be available on our COVID-19 Resources page here - https://covidsupport.cobbchamber.org/
Tepie
02:05:44
Thank you Sharon