Small business anon wanted to post some updates. A few weeks ago, there were anons on here who believed there was no more money for SBA funding and businesses would be left out because of a YouTube video purportedly revealing a phone call where they inquired about the status of their loan and was told there was no money left, schumer or schiff or someone had taken it all. I thought the phone call was BS, said so, but many believed it. I had applied for both PPP and EIDL. Got PPP pretty quickly and totally forgot about EIDL and then was reconciling my checking account 6 weeks later and saw oh shit, they did deposit $1k per employee just like the application said it would. Then I got an email saying I was approved and now my EIDL loan is processing. The time frame for the 8 weeks PPP is supposed to cover and then the terms they are offering with EIDL (if all goes well with the loan processing) should work perfectly and no full time employee at our business has suffered or will suffer paycheck interruption, despite reduced hours we've implemented.
I know there is a lot of bad news out there about businesses in need not getting this desperately needed funding, so I thought I would share some good news that it's worked out really well for us and hopefully the same is true for many other businesses that you simply don't hear about in the news. We are in a shutdown state and our shop has been staying open with tons of restrictions. We had been up 10% year over year since Trump got in and now sales are down 20% so yeah, business has taken a HUGE hit, but we'll make it, thank God.
In speaking with other similar businesses in our industry across the country what I have found is revealing. It appears that only the liberal business owners have opted to close and stay closed pending all restrictions being lifted by the local government. I find this interesting and very sad at the same time. Although our politics may have differed, I never wish another business owner harm and I know most of these businesses will struggle to re-open, if they ever re-open. And they have thrown away, in many cases, a lifetime of hard work, sweat, blood and tears all voluntarily, because of their severe liberal brainwashing. The more libertarian and conservative business owners in our industry have found "safe ways" to remain open, serve the public, keep them comfortable and still keep cash flowing. Although business has taken a hard hit, we are a lot busier than we expected to be and we suspect that is because we are scooping up business from the more liberal minded shops that have closed and remain closed. Just thought anons might find interesting. Peace to all fighting the good fight.