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.

Good morning

good morning

Good morning and thank you for hosting this webinar!

Good morning

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.

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/

Greetings All!!!!

Good Morning

We're here for you!

Sharon Mason: smason@cobbchamber.org,, 404-308-8181

John Loud: (678) 300-9785

Good Morning all

john@loudsecurity.com

What bank is Clark Hungerford from?

Thank you for hosting this. Are publicly owned venues eligible for this round of relief?

Tell me more about nonprofits and independent contractors being covered. Thanks

What documentation will be required to show this 25% or more drop in revenue in 2020 vs 2019?

What specific documents are needed to apply from a nonprofit?

are you eligible if all your payroll is to sub contractors?

Is this a grant ?

I have a nonprofit, how can it qualify for the PPP?

Gm, Will this round include payments for businesses with Independent Contractors in opposed to W2 Employees?

Will businesses be required to apply for forgiveness for the second round of PPP?

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?

If I did not apply for first round what will need to apply for 2nd draw

Will the $15b stimulus for entertainment venues and museums be handled by local banks, similar to PPP?

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?

Is it required that PPP forgiveness application is processed before we apply for second round?

Seems that the 1st round need certification was deemed met for loans under $150k(?)

How about the loans over $150K?

all my payroll is 1099. am I availablr

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.

Will the SBA portal be accepting new applications ? or is it just the PPP through your local banks ?

If a business didn't receive the max available in the 1st round, can they apply for the remainder under the 1st round rules?

Excellent panel...thank you Chamber!

Are we comparing our 2020 revenue to our 2021 revenue for the 50% reduction in revenue?

Would like a copy of the slides

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/

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!

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?

Is that average payroll per quarter or for the whole year??

For the Qtr to Qtr 25% reduction does the exclusion cover the PPP loan and EIDL loan that were granted in 2020?

My NAICS begins with 51. Please review any additional benefits if there are any.

What if we already applied for the forgiveness?

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.

Was the Debt Relief payments for SBA loans automatically done? Also, does this cover SBA backed Lines of Credit?

For Shutter Venues, do Sporting events qualify?

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?

i am not sure if I understood right. SBA loans in 2020 were updated from 6 to 9 months? then 3 months 2021?

HOW MUCH FUNDS ARE AVAILABLE THROUGH COBB COUNTY FOR SMALL BUSINESS GRANTS, AND WHEN CAN WE BEGIN APPLYING?

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.

If a business received the EIDL last round, can the business apply for the EIDL a second time?

Affinity Bank did over 1200 loans.

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?

UGA SBDC at Kennesaw State University Kennesaw@georgiasbdc.org or 470/578-6450

Asiyah, we had to open an account at Vining Bank in order to apply for PPP the first round

Thank you for the response Rebecca!

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

When do you think we will be able to start applying for PPP2?

can you guys please repeat from the begining till now how many months of interest and principal for existing 7a loans have been approved?

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?

Please clarify if 1099’s are included in the PPP2

Contact the UGA Small Business Development Center www.georgiasbdc.org kennesaw@georgiasbdc.org 470/578-6450

no napkins or shoeboxes!

Services of the Georgia SBDC are free of charge

Clark is with Vinings Bank

Thank you to all of our panelists! I appreciate all of your help!

Thank you, KImberly Haase www.iLoveKare.com

Thank you panelists, it wad very Informative.

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/

Thank you panelists, I got relevant information as expected.

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

?

Thank you for the info!!! Great job.

Thank you'al!!!

God Bless you all for looking our for us. I am definitely a proud member of this community

Thank you all so much!

Great panel! Thank you for this important information, God bless and stay safe! :)

Thank you all very much! VERY helpful and informative.

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/

Thank you Sharon