Paycheck Protection Program Update: Late yesterday the House of Representatives approved the second round of funding for the PPP and sent it to the President for his signature. Just moments ago the President signed the bill into law, releasing an additional $484,000,000,000.00 in emergency relief funds, $310,000,000,000.00 of which will be used for the PPP. [...]
Paycheck Protection Program Update: With yesterday's vote in the Senate resulting in the passing of a second round of funding for the PPP we are one step closer to potentially receiving the funding we are requesting. Tomorrow the bill heads to the House of Representatives where it is expected to pass. With that the President [...]
Paycheck Protection Program Update: In my last update on the PPP I outlined what we needed to have happen for us to receive funding. Specifically it was one of these two things: 1. We get approved and financed BEFORE the available funds have been exhausted or, 2. The House of Representatives and the Senate approve more [...]
Economic Impact Payments As part of the C.A.R.E.S. Act the Federal Government Economic is issuing funds to each and every American up to $1200.00 per person and an additional $500.00 per child provided you meet the criteria outlined for the program: U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head [...]
Paycheck Protection Program Update: Twelve days ago we submitted our pre-application for the Payroll Protection Program (PPP) through Wells Fargo. Late yesterday afternoon we received access to the next step in the process - the ability to submit our actual PPP application. As of 5:15 pm yesterday we officially submitted our application for the PPP. [...]
Governor Newsom's Latest Announcement At 12:00 p.m. today Governor Newsom laid out a complex guideline for the beginning of a return to some sort of new normal in California and an eventual return to work. In this live broadcast he presented some "likely changes" that may be required as we venture back out into the [...]
L.A. County "Stay at Home" Extended At 1:30 pm today the Los Angeles County Board of Supervisors announced that the "Stay at Home" order for all of Los Angeles County has been extended through May 15th, 2020. This means that, per this new order, we will not be able to reopen any of the L.A. [...]
How Are You Doing? We have all crossed over the 3 week hurdle and not a day goes by that I don't think of all of you and how you are holding up amid this rather insane period in human history. It is my hope that you and your family are all well and that [...]
Paycheck Protection Program Update: I have done a lot of research on the reasoning behind the Wells Fargo failure to provide businesses with Payroll Protection loans. Their limitations in the program stem from a little spoken of restriction placed on them by the Federal Reserve (not affiliated in any way with the Federal Government). The [...]
Paycheck Protection Program Update: So, over the weekend our bank of more than 30 years, Wells Fargo, finally provided a link to "pre-apply" for the Payroll Protection Program (PPP) at around 8:15 am on Saturday to be specific. I immediately submitted for our pre-applicaiton and received a notice that they would reach out to us [...]
