PAYCHECK PROTECTION PROGRAM

[sako]

Has anybody applied for the program? how was the process of applying to the bank? did you get the loan?

[btaylor]

We applied with Chase on the 7th (day after it was available through their program). Process was confusing for us but we think we did it correctly, and got a confirmation #. Money ran out quickly before it was "in review".

[sako]

I just applied via BOFA, I didn't want to ask for an amount which will not be accepted and I have to pay it back with interest. There is nobody to take advise from. My accounter doesn't return my calls and email. I know that right now there is no money to give, so wait and see.

[David Kendall]

Mine came through. I applied on Friday 4/3 through Umpqua Bank. Signed the loan acceptance documents today 5/1.

No money yet but it is looking good

[DWoolley]

Awhile back the Orange County chapter, a practice based chapter, issued a guide for their members that included a lot of information about the federal programs, state programs, job safety guidelines etc. The guide was thorough and well done.

If I had the guide available at the moment I would post it here. It is my understanding Central Office is going to republish it.

I will see if I can get a copy put up in the next few days.

Sincerely,

DWoolley

[DWoolley]

The attached guide was written and provided by and for the Orange County Chapter, a practice based chapter, to provide information to members as to the various federal programs, benefits, legislation and job safety worksheets. It was current at the time of publication.

The chapter is currently working on their membership drive. The published videos and the attached guide are only the recent membership benefits for Orange County members. Please renew you membership dues - especially the state membership.

Sincerely,

DWoolley

[subman]

I applied. It took about 20 minutes at my bank (Union Bank of California). They handle all my banking. About two weeks later, I got an email asking for some more payroll records. I pulled them off of PayChex and uploaded them. A week later I was notified my loan was approved for $10,800 at 1% interest. If 75% is used for payroll and benefits over an 8 week period, the loan can be forgiven. The check arrived in the mail about a week later. Pretty seamless from my perspective.

[sako]

My application got approved but i got only a portion of approved amount in my bank account, and there is no way to contact BOFA to ask questions.