4-8-20 Newz: SBA Assistance – Inspection Survey Data – T.P.

SBA – $10,000 Disaster Loan Emergency loan/grant and Paycheck Protection Program (PPP)

Check to see if the SBA has issued a disaster declaration in your area. COVID-19 has been declared a disaster.

The two programs are very different. 

1. The Economic Injury Disaster Loan Emergency Advance – up to $10,000 loan – does not have to be repaid. For all appraisers. Sign up now! Appraisers reporting that it is very easy to do. They got their money quickly. Per SBA “within three days of a completed application by a qualifying business.”

2. Paycheck Protection Program – have to get from a bank that is doing them. Can be difficult to get now. See below.

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

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The Economic Injury Disaster Loan Emergency Advance – up to $10,000

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.

Apply for this now! 

For more info https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance

To sign up. Covid19relief.sba.gov

Should you sign up for this? I did not think I was having any economic issues. I don’t do any lender apraisaals and am not exempt from stay at home. Then, I realized I am paying $725 per month for an office that I can only use for file storage and picking up mail. I can only do desktop appraisals. I don’t know if the IRS will accept them. I may be able to postpone them, but I have no idea for how long. I am applying today, after I go to my office and find the information I need.

For most appraisers, the future is very uncertain for lender work. Some are getting much less work because they will not do interior inspections. No one knows how long lenders will straighten this out. Or, maybe you’re thinking about not doing interior inspections, but will lose appraisal work until lenders shift to desktop and drivebys.

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Paycheck Protection Program (PPP)

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. It must be done through a bank that participates in the program. Lots of information is required. 

This program is designed to help keep people employed by giving loans to businesses. It is being swamped with business that have closed. Drive down the street in your city or a shopping center and see how many businesses are closed. Large companies are shutting down. In California, many construction projects have been halted.

This program started April 3. Lots of problems as lenders are not sure about how to set it up.

A few tips for applying:

1. Most Important. Contact the bank where you have a loan or an account.

2. Check local social media. I got posts from alignable with some banks to check out.

3. Call banks. May take quite a few phone calls. Check the local newspapers for who is offering the loans.

I emailed the manager at my local bank. I have known him for over 30 years. I have had all my business and personal accounts there for over 30 years. They replied that were totally swamped with inquiries, but were only considering their own customers. It is now a branch of another Bay Area bank, which is relatively small.

For some appraisal companies, this allows you to keep paying employees. For example, you are doing non-lender work. This is not exempt in most states. Your business will be much lower. I am not sure about residential appraisal companies doing lender work that are very busy now.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

Read more!!

Meet Widget O'Rourke – our new Appraisal Today cat team member!!

I am not sending our my Regular Thursday email newsletter this week. Just some fun photos of Widget O’Rourke!! More info after the photos. 
 
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Trying to supervise the humans. They can never understand what I am trying to say!!

Exercise time – getting bored!

Waiting for my human chaffeur. I’m ready to go!!

I’m not sure about this neighborhood!!

Is that a mouse??
   
Checking out the overgrown landscaping for any rodents…

2 stories or 3 stories?

Checking for any foundation mouse holes

Measuring the house. The human makes me take the “dumb end” of the tape. I should be on the smart end!!

Finally back home. Nap time!!
More info:
Age: 5 months
Birthday: July 29, 2015
Weight: 4 pounds
Breed: Burmese
Language: Cattish with Siamese accent
Personality: very friendly, likes to travel and play, talks a lot, not afraid of anything except skateboards
About cats, cars and leashes
Cats are very easy to train. A popular method for all pets is clicker training. Just google it. Leash/harness training is best if started when a kitten. I brought Widget home October 31 (3 months old) and started leash and harness training the next week. She learned it within a day and I started taking her on “walks” in the back yard and on the sidewalk on my street.
She did not like being in the car inside the cat carrier. Cats like to look out. Finally figured out how to get her to ride in the car – purchased a raised seat with an attached leash.
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In my 20’s I took several long trips with my cat in a van I converted (traveled 3-6 months at a time). The cat was not on a leash and harness. Went in and out of the van. When I was backpacking she followed along running in the bushes. I am finally traveling with my cat again!!!
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I am not taking her out on inspections for now… she is very easily distracted ;> She loves traveling to take comp photos.