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orange dream

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  1. This has probably been addressed but I don't think I've seen any kind of definitive answer: PPP Loan amount calculation : Payroll costs including rent / utilities, etc. (as defined) let's say Payroll is 100k /month and the rent / utilities, etc. bucket is 15k/month. Monthly eligible amount is 115k * 2.5 = 287,500 PPP loan proceeds. Forgiveness as defined in Treasury Fact Sheet: - The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; - and Employee and compensation levels are maintained. So in my scenario let's say the loan was funded on April 16th for 287,500 and the company is a semi-monthly (15th and end of month ) payroll company. The 8 week period ends on June 11 at which point the company will have paid payroll for 3 semi-monthly periods (End of April and Middle and End of May) (after loan was "made") That would total 150k in payroll and paid rent / utilities, etc. at the beginning of May and June for a total of 30k. With that, for the 8 week period after the loan was "made" the total amount used to cover the allowed categories in the 8 week period is 180k vs. the 287,500 that was "borrowed" under PPP. Any thoughts on how those will be reconciled to come up with what is forgiven? Even if you change the dates (or payroll frequency) so that you get a full 2 months worth of payroll and rent/other stuff in the 8 week period that would only come up with 230k of "forgivable" costs in the 8 week period. Is the working assumption of everyone who is getting these PPP loans that they will need to pay back approximately 20% of what was borrowed? I've had that thought in the back of my head but haven't ever really seen it addressed. I'd be curious to know your thoughts / assumptions.
  2. My best guess is if you had a fleet of vehicles / service trucks that the fuel costs for your fleet could be considered a utility. Just my guess, not advice.
  3. new guidance / clarification of small business definitions and PPP criteria. https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf
  4. I think the financial sector will take the hit in 6-9 months when a significant number of customers default on loans, mortgages,etc. Unless they do basically what they've been doing with O&G assets for the last 3 years or so and just push those non-performing assets down the road in hopes that things get better. That strategy is going to kill banks heavy on O&G in 3, 2, 1...
  5. @troph thanks for your thoughts. Yes, you are correct that I am NOT saying we overreacted I am genuinely surprised at how low these rates are and just trying to make sense of how we learn from what has happened both locally and in other places as we move to "re-open". I look for masks and gloves to be commonplace for the foreseeable future. We'll all look like group of Asian tourists transiting through Heathrow. Getting back to crowded concerts, games, events, festivals will look different. Not sure how that will translate to little league, etc. Curious to hear Gov. Abbott's plan today and how that is then interpreted by county, school and city officials. Moving this data table to this page for those who may have missed it and wonder what you were referencing.
  6. Ok, I have some questions about where we go from here. The table below is information pulled from the TX Dept of Health COVID-19 dashboard. I know we have all been staying at home, staying healthy, flattening the curve, etc. but I am astonished at how low these numbers are. What is your guess of what percent of the picture this really represents. 20% / 50% / 80% ? I'm sure these are artificially low because of the lack of testing, limits of testing to those in risk groups or with severe symptoms, etc. but I don't have a good feel for how low. Are 70% of the people currently infected going to still die which will drastically alter the fatality rates? The highest infection rate in a county is basically a tenth of a percent in Galveston County and fatality rates of total population are between 1 and 2 thousandths of a percent of total area population. Multiply those numbers by 10 or even 100 and certainly it represents a tragic loss of life but at some point you reconcile that versus a longstanding death rate of the US population of around 0.9% annually. Am I really terrible at math? Are we amazing at flattening the curve? What's the go forward plan. Are entire schools closed for 2 or 3 weeks each time a kid is sick or does a classroom monitor for symptoms if someone gets sick but keeps operating? Same question for offices, stores, restaurants (complete shutdown if someone is infected)? For those of you who own / manage businesses, if working from home has been successful and is viable for your business model do you encourage it beyond the government directive or is everyone "ordered" back to the office at the first opportunity? Troph's questions about commercial real estate I think hangs in the balance. https://txdshs.maps.arcgis.com/apps/opsdashboard/index.html#/ed483ecd702b4298ab01e8b9cafc8b83 County cases deaths population infection rate fatality rate of those infected fatality rate of population Travis 977 17 1,274,000 0.077% 1.74% 0.0013% Williamson 128 4 590,551 0.022% 3.13% 0.0007% Hays 109 1 230,191 0.047% 0.92% 0.0004% Austin Metro Area 1,214 22 2,094,742 0.058% 1.81% 0.0011% Dallas 1,986 43 2,636,000 0.075% 2.17% 0.0016% Tarrant 990 30 2,103,000 0.047% 3.03% 0.0014% Denton 547 14 887,207 0.062% 2.56% 0.0016% Collin 494 10 1,035,000 0.048% 2.02% 0.0010% DFW Metro Area 4,017 97 6,661,207 0.060% 2.41% 0.0015% Harris 4,097 58 4,713,000 0.087% 1.42% 0.0012% Ft. Bend 627 15 811,688 0.077% 2.39% 0.0018% Montgomery 331 6 607,391 0.054% 1.81% 0.0010% Brazoria 272 3 374,264 0.073% 1.10% 0.0008% Galveston 401 13 342,139 0.117% 3.24% 0.0038% Houston Metro Area 5,728 95 6,848,482 0.084% 1.66% 0.0014% COMBINED TOTAL 10,959 214 15,604,431 0.070% 1.95% 0.0014%
  7. I was going to "like" your post but you were sitting on 69 and I didn't want to ruin that for you. Awesome, congrats!!
  8. Also, protect your cornhole when showing up with 2k cash and meeting at the local liquor store to make the exchange.
  9. Almost anything will be better than continuing to send $1,450 / month the the CC companies. Any other option will probably still require ~1k / month to make real headway in paying the debt off. I'd probably choose 401k loan with a 4 or 5 year term first with some form of refi with cash out with a 10-15 year term as a 2nd option. Assuming it's not a problem that you expect to reoccur, but if overspending is an issue that obviously needs to be dealt with first or this will end up worse than it is now. Agreed, on the kudos for speaking up. Good luck!!
  10. I used givemethevin.com a couple of years ago. Sent them some pics, answered a few more questions and they even worked with the dealer I was buying from so that I got credit for the trade-in and saved on the taxes on the car I was purchasing. It was surprisingly easy and I feel like i got FMV for what I was getting rid of. It was 16-18k, not the range you are talking about though, so YMMV.
  11. What kind of business are you in? I thought you were a lawyer of some sort.
  12. My best recline preventer is to direct the air vent full blast on the head of the person reclining in front of me. 75% of the time, works every time. I tend to agree that if the seat has a recline function the person in the seat has a right to use it, but should be aware of those around them when choosing whether to exercise that right or not. I generally do not recline my seat as a courtesy, but don't get bent out of shape if the person in front of me chooses to do so. I really do use the air vent thing as mentioned above if it is drink / meal / snack time though as that is a time when a little more space really is necessary.
  13. so THAT was the big open we were supposed to be wowed by?
  14. But is one of those (103.3 or 105.3 ) beating them or are the numbers just lower and being spread across other multiple stations? Kind of how all TV ratings are lower now than they were 10 years ago which were lower than they were 20 years ago.
  15. I don't even know who is on 103.3 or 105.3. Who has been beating BaD radio?
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