DVC members who are small business owners

[a742246]

DVC members who are small business owners, I would suggest you go to treasury.gov and read and understand all the information for the special SBA loans that are coming out soon. It can help your company tremendously if you qualify.

 

[Marionnette]

DVC members who are small business owners, I would suggest you go to treasury.gov and read and understand all the information for the special SBA loans that are coming out soon. It can help your company tremendously if you qualify.

Already applied for an EIDL grant and dropped the paperwork off at the bank for the PPP loan today. We’ve kept our doors open for emergencies only, with all routine work being postponed until this ends. Only a very small percentage of our revenue comes from emergencies.

All employees are getting their full paychecks during this but matching contributions to their 401k plans are suspended. We probably will be unable to provide summer bonuses as we have in past years. It sucks but on the other hand, our personal income has dropped to zero, we are only paying the minimum on our business credit card and we’ve negotiated deferrals on all of our lease-to-purchase equipment. Meanwhile, the internet and phone bills aren’t going to go down just because usage is down, the lights still have to stay on and the real estate taxes on the building are still due in June.

Thirty plus years in business and it has never been this bad. Not after 9/11. Not after the crash of 2008 and subsequent recession. We were always fine. Having the state shut down all “non life sustaining business” since March 23 has been brutal.