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Payroll Protection Program

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
Aw shucks I guess I'm too late, I was looking for some of that money { Other wise known as Rainbow Stew- Merle Haggard} to finish my Mack.

What is your average monthly payroll for 2019? Then multiply that by 2.5 - that's the first step..;)
 

crane operator

Senior Member
Joined
Mar 27, 2009
Messages
8,275
Location
sw missouri
Magic 8 ball says: -- "Truck Shops Mad Mad Mack Restorations incorporated, LLC" is looking at some tough times. I think its going to need some payroll protection, lets see: wax, polish and aluminum labor, time spent taking gloves and masks on and off. Throw in some utilities and some mortgage expenses. Are you paying a shop animal and feeding it? Every little bit helps.

Hmmm..... throwing it all in the calculator- you should be either getting a check for $1.3 million, or you owe uncle sam $36,000? I don't know- just make up some numbers and get you some of that helping hand.:)
 

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
Oh I forgot I can't apply for that I'm just a 47%er. Darn

Last time I checked it doesn't matter the ownership percentage of the company;) - just your actual payroll expense's, you know, what you've paid your employees. It's easy - just get your accountant that you already paid last year to generate the IRS docs and send them in. Easy- peasy.
 

Truck Shop

Senior Member
Joined
Dec 7, 2015
Messages
16,548
Location
WWW.
Well lets see, I have two guard cats { Orange Cat and Black Kitty} and a Myna Bird to answer the phone will that work.
 

Vetech63

Senior Member
Joined
Aug 10, 2016
Messages
6,362
Location
Oklahoma
Well, I've never trusted the government for anything. I feel like everyone taking this or anything else will have spy satellites focused on their doings 24/7. You guys need a plan for when the jack-booted government thugs start showing up at your doors.:D
 

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
I think im a few days ahead of you and suppose to receive funds tomorrow... they'll probably run out of funds on the guy ahead of me.:D

Friend of mine received funds yesterday, he was approved last Wed. I am not counting on anything this go around..
 

RTSmith

Senior Member
Joined
Oct 23, 2008
Messages
420
Location
Middle Tenn.
Occupation
Amateur demolition & dirt pusher
I emailed my banker last night after the news said it would run out today. He replied that I had been approved and he would let me know when to come sign papers. I applied by lunch on the 3rd, first day they were taking apps. We're a decent size customer of a smaller community bank. So unsure what took so long for an answer.
 

crane operator

Senior Member
Joined
Mar 27, 2009
Messages
8,275
Location
sw missouri
My funds have come through, but two contractors I was working with today, both got calls from their banker saying they were too late, funds are gone. They had just filled in their paperwork and turned it in this morning.

Their banker told them he was planning on more $ being appropriated through congress, so he thought they may get $$ later on.
 

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
We have been approved on the second round, signing papers next week.
 

CM1995

Administrator
Joined
Jan 21, 2007
Messages
13,248
Location
Alabama
Occupation
Running what I brung and taking what I win
Well we got 2 1/2 months of payroll payed about a week ago.... hoping you get yours as well.

If it does fund it will be the first time I've ever received any money from the government other than a refund on taxes they held interest free throughout the year.:cool:
 
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