primbondh/ July 10, 2022/ businesses

Thomas traded in a $100,000 life insurance policy he’d been making payments on for 30 years for $19,000, cut cable and other personal expenses and took advantage of forbearance on his mortgage and other personal debt so he could keep the business running. Kirby got some help from the Paycheck Protection Program, enacted in early 2020 to back forgivable loans so small https://www.treadmillsandellipticalmachines.com/ could keep employees on payroll. But the vast majority of assisted living facilities did not qualify for PPP loans, Elehwany said. He added that 99 percent of companies in Germany are small and medium-sized companies, while the remaining one percent is for large companies such as Siemens, Deutsche Bank, Mercedes and others. Not all small and medium companies are able to invest and enter the Qatari market, so the role of the Association is to know the companies eligible to enter this market and give them useful information in this field, Jerger said.

Ostensibly, the agency can reduce each grant proportionally to ensure all applicants get at least a sliver of what they asked for, but the money is expected https://www.wikipedia.org/ to run out quickly. Several small-business owners who spoke with CQ Roll Call would qualify for aid under the House bill but not the Senate version.

But to qualify, businesses must receive at least 70 percent of their revenue from SVOG program-eligible operators — a tough hurdle for many event support companies. Darden Kirby may have to sell his assisted living facility if business doesn’t improve soon. Dwayne Thomas is postponing his planned retirement by five years to pay off a sixfold increase in debt his events lighting company took on during the pandemic.

Whether you’re a local bike shop in search of branded sporting goods, a coffee shop in need of logo coffee mugs, or an accounting firm wanting to thank your clients with a high-end gift, look no further than FedEx Office promotional items. From trade show giveaways to real estate closing gifts, promo products serve to differentiate your business from others. Confirmed damage included destruction of homes, extensive damage to the Andover YMCA and Capital Federal Amphitheater in Andover Central Park, as well as at least minor damage to Andover City Hall and Andover Central High School. The United Way of the Plains reported 50 to 100 structures damaged in Friday night’s tornado, just in Sedgwick County. Before the pandemic, Jennifer Wilson-Buttigieg’s company, Valerie Wilson Travel, booked primarily international and high-end leisure travel, with sales topping $300 million. Adventureland is back to full staffing, but Gentile took on more than $1 million in debt during the pandemic to keep the business afloat that he said a federal grant would help him start to pay off.

Another small business that may not meet the Senate bill’s criteria is Cleveland-based Event Source, which rents party supplies like tables, chairs and linens for corporate and social events like the Rock & Roll Hall of Fame induction ceremony. Congress sought to help the live events industry when it created the $16 billion Shuttered Venue Operators Grant program in December 2020. But eligibility was limited to live venue operators and promoters, theatrical producers, talent representatives, live performing arts organization operators, museums and motion picture theaters.

Making matters worse, Peck said, is that most agencies still work on a commission basis and don’t get paid by cruise lines, airlines and other suppliers until the travel they book successfully concludes. “It was the hardest day in my Adventureland career to tell these guys … we have to take a pay cut,” Gentile said, noting he and his co-owner brother reduced their own pay while pouring personal savings into the business. Thomas’ industry trade group and most others interviewed for this story are part of the Economic Bridge Coalition, which helped craft the broader approach taken in the House bill. They worry Congress will either pass nothing or go with the Senate version, leaving their businesses shut out.

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