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VABuckeye

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Everything posted by VABuckeye

  1. Dopi’s on Hidalgo makes a hell of a lobster burrito.
  2. New Stimulus Package PPP language begins on page 25. From an email I received from our friend at that little bank in south Texas. Eligible Entities Have a Second Chance to Receive a PPP Loan Many borrowers have requested a second round of PPP loans, and many potential borrowers who were unable to receive a PPP loan during the first round would like to have access to a PPP loan. The proposed bill allows new and old borrowers to receive a PPP loan if they meet the requirements of an “eligible entity.” An “eligible entity” will need to satisfy the “Necessity Test” that is discussed in my blog post dated May 4, 2020 “Was Your PPP Loan ‘Necessary’? If Not, There Could Be Horrific Repercussions” as of the time of applying for this new second loan. This test, which is based upon whether the loan is “necessary to support the on-going operations of the applicant” will be hard to meet by businesses that have survived one or two hard quarters but are now making ends meet while waiting for the vaccines to clear our economy up. The test will clearly not be passed by a high percentage of PPP borrowers who will otherwise qualify, and will present a very important issue to be carefully addressed with the borrower’s CPA, financial and legal advisors. While the SBA has announced that it will not question the necessity issue for those who have aggregate borrowings not exceeding $2 million, other agencies, or even whistleblowers, may, and the fact that a second loan has been received will not be kept confidential. Assuming that the necessity test will be met, the next question is whether the PPP borrower is an “eligible entity” which the bill defines as a Schedule C taxpayer (but apparently not a Schedule E landlord or a Schedule F farmer), an LLC or other entity treated as an S corporation or partnership that meets the following requirements: The borrower must demonstrate that there was a 30% reduction from the gross receipts of the entity during the same quarter in 2019. For the purposes of this 30% rule, gross receipts will include all revenues from the normal operation of the business before subtraction of expenses but will not include amounts borrowed, including amounts received for PPP loans. The borrower must employ no more than 300 employees, or meet an alternative size standard. The proposed Rubio-Collins bill (“HEALS Act”) that did not pass, would have required a 50 percent reduction from gross receipts, so this change to 30 percent in the “Emergency Coronavirus Relief Act of 2020" will allow PPP loans to reach a greater number of potential borrowers. For purposes of the above 30% reduction in gross receipts test, borrowers who were not in business during the first, second, or third quarter of 2019 (January 1 - September 30), but were in business during the fourth quarter of 2019 (October 1 - December 31), can compare the first, second, or third quarter of 2020 (January 1 - September 30) to the fourth quarter of 2019. If the entity was not in business during 2019 but was in business by February 15, 2020, then such borrower can compare their gross receipts during the second or third quarter of 2020 (April 1 - June 30) to the first quarter of 2020 (January 1 - March 30) to see if they qualify. Please contact us with questions as they may arrive and we will do our best to get you an answer. Until then, standby for future updates.
  3. Based on the criteria I have seen we will qualify for another round. We were down over 30% in at least one quarter from the same quarter in 2019.
  4. The ATM is fine. Swimsuits should be fine but I'd have a coverup for the women and certainly shirts for the men. It's pretty easy to go to the hotel and get changed and then take a quick cab right to Bastos. Bastos is closed on Thursday but open every other day.
  5. I wasn't a fan of Olivia. At The Joint go for breakfast and get the breakfast mojitos. On the way back hit Soggy Peso. Careful with the matgaritas. Very strong. I believe THursday is cheeseburger day. El Varadero wasn't authentic Cuban food but it was good. At Fredy's I usually get a steak. Mango Cafe for breakfast. I know the people here love Ballyhoo but I've found it to be hit and miss. Still the setting is perfect and the drinks are strong.
  6. If Fredy's and Bastos aren't on your list you need a new list. Fredy is an awesome guy and Bastos is a must eat for the arrachera steak.
  7. Yet we lead P5 in rushing coming into the game and expanded that lead today.
  8. Welcome back you fat fuck!!
  9. All 21 for Ohio State signed this morning. Hopefully Tuimoloau will sign in Febrary to complete the class although Tristen Leigh is still a possibility as he delayed his decision today. Michigan had their top LB commit flip to Maryland today. You just hate to see it.
  10. I’d hold that one for a few years. It’s still very young for a Brunello.
  11. We're at nearly 18% growth for the year. If you'd told me in July that we would be where we are today I would have thought you were crazy. A lot of hard work and some adapting to get where we are. 2021 is looking to be off to a good start for projects (fingers crossed).
  12. You do know that there's a home and home scheduled, correct?
  13. All I know is that it was clear at the time that he'd wanted to play at Texas for a long time and it was a losing battle.
  14. Hicks was always going to Texas. He was a lifelong fan.
  15. Add Pale Rider and I'm right there with you.
  16. End of year bump. If you would have told me in July that we would exceed last yeras revenue by 17.66% I would have told you that you were crazy. Well, here I sit on December 11th and that is where our revenue for 2020 sits. It was a lot of hard work and we adapted and most of all my guys did fantastic work and hit every project deadline we had. I hope all of you have had a similar recovery and here's to a fantastic 2021 for all. Thanks to our friend at FNB who helped a lot of us in our time of need and what seemed like our darkest days. Robert, you are a fantastic human being.
  17. Tech’s coach is ass and is an ass.
  18. May I come over and do some rummaging?
  19. Ok. This post deserves some love and I’m a Buckeye.
  20. My mistake. He's a 2021
  21. I'd add more than Urban to Ohio State. Of all the big name programs Ohio State seems to have hit more home runs with head coaches and had less misses than many of the other big name programs. Their last six full-time head coaches are all in or will be in the College Football Hall of Fame. Of course, Day isn't in that category.
  22. Emeka Egbuka is committing on Friday afternoon and Ohio State is expected to be the choice over OUsucks.
  23. Incorrect. Ohio State will have a game on December 19th. As for Ohio State fans freaking out? I don't care what Urban Meyer chooses to do. Maybe the lunatic fringe is going nuts but they're fucking idiots to begin with. Poaching the staff? The only ones I see as possible or likely would be Pantoni and Marroti and both of those guys would be huge losses. If he gets Bill Davis good luck because linebacker play at Ohio State has never been as bad as it was when Davis was there. ETA: and Dennis who is family.
  24. That's some next level hopeful thinking there. Good for you.
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