More Money?

The PPP plan may get more money today (4/21).

So far we have preliminary information on the first tranche.

1. big corps exploited loopholes to suck up the money

2. big banks may be corrupt

Any surprised?

Banking Blues

The federal payroll protection loan program (PPP) has gotten off to a rocky start.

Confusion and tech problems plagued the program. Different banks gave differing information about the program.

The Small Business Association was not geared up for such a massive quick program.

And the feds think they have run out of money, based on what data they have gleaned so far.

Before You Run to the Bank

Before you run to the bank for an SBA loan:

Nobody actually knows how the program works quite yet.

The software apparently is not ready.

The banks are confused.

So before you run to the bank have a conference call with your CPAs and figure out just where you are at and what are your chances for survival.

(Almost) Everything is Negotiable - Part 1

Rent is due, and you are short on funds.

First, do not dodge the landlord. Call the landlord and tell them your status. The landlord should have guessed already.

Some landlords have called their attorneys and are going to immediately send eviction notices. Besides being dumb many courts are closed or only during urgent matters so this is probably going nowhere fast. Forward the letter to your attorney.

Why doesn't your landlord really want to evict you?

1. finding a replacement tenant will be difficult
2. a replacement tenant will make lots of demands, given the crazy market
3.  every empty month guarantees funds lost forever

Should you make contingency plans to be evicted? Of course. Posts on "Preparing for the worst" will becoming soon.


Usual disclaimer: this is not professional advice, see your own attorney and CPA for professional advice