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B
B
D
E
A
All
right
we're
down
to
just
a
couple
people
in
the
waiting
room.
They
will
find
their
way
in
so
my
name
is
Brian
Payne
I'm,
the
executive
director
of
CDFI
friendly
Bloomington.
This
is
the
Koba
19,
navigating
business
support
for
local
nonprofits
first
thing
I'll
say
is
zoom
etiquette.
Please
do
mute
your
mics
unless
you're
actively
speaking
so,
if
everyone
can
take
a
moment
and
do
that
now,
but
thank
you
all
for
joining
us.
A
I'm
gonna
go
over
housekeeping
and
our
roadmap
for
two
to
three
minutes
and
then
we're
going
to
get
straight
to
the
information.
So
thank
you
again
for
taking
the
time
to
be
here.
Thank
you
for
the
businesses
and
nonprofits
working
hard
to
survive
and
keep
serving
our
community
and
thank
you
to
the
volunteer
experts
and
lenders
who
have
agreed
to
join
us
for
this
event,
so
housekeeping
issues.
If
there
are
technical
issues,
please
put
your
problems
in
the
chat
right.
A
A
So
if
you
have
a
question
for
the
panelists
put
it
in
the
chat
and
then
as
moderator
I
will
facilitate
and
and
bring
up
the
questions
to
the
panelists
one
by
one
and
then
at
the
end
of
the
general
agenda,
there
will
be
a
breakout
opportunity
where
the
lenders
will
each
the
lenders
who
are
doing
PPP
will
each
have
a
an
individual
breakout
room
where
you
can
engage
directly
with
them.
Ask
them
questions
about
a
variety
of
financial
areas
and
certainly
how
to
apply
for
PPP
and
how
to
apply
for
other
programs.
A
If
what
you'd
like
to
do
is
ask
questions
of
the
ESR
working
group
from
the
city
or
the
county,
or
the
Small
Business
Development
Center
stay
in
the
main
zoom
chat,
and
you
can
ask
your
questions
of
us
there
during
the
breakout,
but
Aaron
Craig.
Mar
will
explain
more
about
that
a
second.
So
the
basic
goals
are
simple.
We
want
this
to
be
a
source
info
session
for
small
businesses,
nonprofits
needing
coab
in
nineteen
relief.
A
We
wanted
to
be
one-stop
shopping
for
guidance
on
PPP
IDL,
the
local
Bloomington
and
Monroe
County
grant
loan
programs
a
forum
for
questions
about
any
of
those
and
a
platform
for
you
to
actually
engage
with
the
lenders
who
can
help
you
pursue
these
programs.
So
we
hope
that
we
will
give
you
timely
information
on
those
on
the
cares.
A
Act
updates
that
were
passed
yesterday
provide
that
forum
and
raise
awareness
about
our
local
Rapid
Response
Fund,
because
we
have
more
than
a
million
dollars
that
has
been
convened
by
the
city
of
Bloomington
and
the
ESR
team
that
has
not
been
applied
for
yet
so
we
have
money
and
we
know
folks
need
it,
and
we
want
to
make
sure
that
the
applicants
who
need
it
most
are
aware
so
briefly
to
go
over
the
agenda.
We
will
talk
about
the
Rapid
Response
loan
program
at
the
city.
A
The
Cova
19
relief
grant
program
at
the
county,
that'll
take
15
to
20
minutes.
Then
we
will
talk
about
the
Paycheck
protection
program.
We'll
have
Cindy
Qunari
from
First
Financial
Bank.
To
answer
your
questions
about
that,
and
then
at
the
end
of
both
of
those
presentations,
we'll
have
a
short
ten-minute
Q&A
period
where
anybody
on
the
on
the
Xoom
call
can
ask
questions
in
the
chat
and
the
whole
group
will
be
able
to
hear
the
answers.
A
After
that,
the
lenders
who
are
here
will
identify
themselves
really
briefly
just
two
to
three
minutes:
each
say
who
they
are,
who
the
institution
is
and
what
eligible
clients
that
can
serve,
and
then
we
will
give
you
instructions
for
how
to
join
the
breakout
rooms.
So
without
further
ado,
I
will
pick
it
over
to
Alex
Crowley
from
the
city
of
Bloomington
to
talk
about
the
Rapid
Response
Fund
program.
F
Experiment
I
understand
that
occasionally
my
Mike
on
my
computer
fades
in
and
out
so
Brian.
If
you
hear
that
happening,
if
you
just
try
min
so
that
I'm
aware
of
it,
because
I'm
not
gonna
be
watching
chat,
my
name
is
Alex
Crowley
I'm,
the
director
of
economic,
sustainable
development
for
the
city
of
Bloomington.
F
Welcome
everybody
thanks
for
spending
the
time
today,
I'm
gonna
share
my
screen
and
and
then
take
you
through
high-level
of
the
background
of
the
economic
stabilization
and
recovery
working
group
that
was
put
together
by
the
mayor
and
then
talked
specifically
about
the
Rapid
Response
Fund
loan
program.
So
if
you
give
me
one
second
here.
F
Everybody
can
see
my
screen,
okay,
so
the
economic,
stabilization
and
recovery
working
group
is
a
group
of
leaders
from
around
the
community
who
got
together
about
a
month
ago.
They
are
listed
and
pictured
here
and
we've
been
working
hard
over
the
last
month
on
basically
three
phases
of
an
effort
that
will
hopefully
be
taking
us
out
of
this
pandemic.
F
The
first
phase
and
and
the
one
that
we'll
focus
on
today
is
what
we're
calling
Rapid
Response
and
we
established
a
loan
fund
with
the
help
of
City
Council,
who
allocated
two
million
dollars
from
the
food
and
beverage
tax,
and
then
the
Bloomington
urban
Enterprise
Association
another
$500,000
and
support
for
combined
two
and
a
half
million
it's
a
little.
It's
has
different
purposes,
but
basically
that
that
money
is
available
about
two
point.
F
We
are
also
as
a
group
looking
at
recovery,
which
is
sort
of
the
three-month
to
twelve
month
period
and
and
looking
at
what
that
kind
of
period
of
time
will
require
and
in
terms
of
revenue
generation
for
businesses
kind
of
reopening
issues.
All
of
that
and
then
finally,
the
the
revitalization
phase,
which
is
the
third
phase
and
revitalization,
covers
the
period
from
12
months
out
where
we
need
to
rebuild
and
hopefully
rebuild
better
than
we
were
before
so
those
three
phases
has
have
been
the
area
of
focus
for
this
group.
F
F
So
let
me
focus
today
on
the
Rapid
Response
Fund
and
start
by
giving
you
the
link,
so
the
Bloomington
Rapid
Response,
Fund,
Loan,
Program
information
and
I'll
pivot.
Over
to
this
website,
it
can
be
found
at
Bloomington,
dot,
I,
n
dot,
gov
board,
slash
business,
so
I
will
toggle
over
to
that
and
we
can
go
through
what's
captured
there,
but
I
want
to
make
sure
that
everybody
who
needs
that
link
or
knows
of
anybody
who
needs
that
link.
F
Please
help
us
to
distribute
that
information,
and
let
me
now
move
over
to
that
see
when
you
click
on
that
link,
so
you
the
landing
page.
Is
this
page?
If
you
see
it,
it
has
business
as
a
city
website
as
a
it's.
The
business
page
starts
with
some
information
about
the
department,
but
it
quickly
goes
to
the
rapid
response
fund
and
it
describes
the
information
I'll
scroll
down
quickly
through
it
describes
it
and
I'll
go
through
some
of
this.
What
what
it
takes
to
qualify?
F
F
That
must
either
be
a
Bloomington
based
business,
in
other
words,
the
physical
address
within
the
city
limits
and
we've
gotten
a
lot
of
questions
as
to
whether
or
not
someone
is
actually
inside
the
city
limits.
So
if
you're,
if
you're
unclear
about
whether
you
are
you,
can
either
go
to
the
city
of
Bloomington
website,
there's
a
and
and
and
they're
city
maps
in
there
or
you
can
send
an
email
to
economic
vitality
at
Bloomington,
I,
n
gov
and
we're
trying
to
be
very
timely
nor
responses
from
those
that
email
box.
F
So
you
can
just
ask
and
we
can
check
for
you
any
way
you
need
to
have
a
physical
address
in
the
city
limits
or
be
a
nonprofit
that
resides
in
or
Cir
to
Bloomington.
So
for
the
cases
of
nonprofit,
so
you
can
actually
be
outside
of
the
city
limits,
but
but
we
will,
we
will
ask
you
how
it
is
that
you're
serving
within
the
city
limits.
F
You
also
have
to
have
at
least
one
full-time
equivalent
employee,
and
that
also
includes
sole
proprietors
but
and
and
not
have
more
than
250,
full-time
employees
or
equivalents.
The
third
qualifying
qualifying
point
here
is:
you
need
to
demonstrate
a
material
negative
impact
due
to
kovat
19
in
revenue
or
in
your
ability
to
maintain
employees
and
payroll.
So
what
we're?
F
What
we
want
is
to
make
sure
that
this
is
focused
on
people
who
need
help,
not
just
anybody,
regardless
of
whether
they
need
help
and
then,
as
an
organization,
you
must
have
been
opened
prior
to
February
29
20
20.
So
we
want
to
make
sure
that
you
know
people
were
around
before
this
all
started
to
hit.
The
terms
are
pretty
simple:
any
loan
is
can
be
up
to
$50,000
per
loan.
There
is
a
2%
interest
rate.
F
The
loan
term
is
36
months.
So
it's
a
three-year
term.
You
can
defer
payment
on
that
on
that
loan,
the
first
payment
up
to
six
months.
So
you
you
know
the
clock
starts
on
the
36
months,
but
you
can
defer
up
to
six
months
for
your
first
payment
and
then,
if
you
pay
that
loan
back
within
twelve
months,
it
is
interest
free.
So
any
infor
interest
that
would
have
been
paid
during
that
first
period
would
be
returned
to
you.
So
it's
effectively
an
interest-free
loan.
F
So
those
are
the
terms
we
tried
to
set
them
up.
That
way
to
to
highlight
the
fact
and
really
to
reflect
the
fact
that
the
design
of
this
program
is
not
meant
to
carry
a
an
organization
on
its
own.
It's
really
meant
to
be
a
bridge
to
either
PPP
or
other
federal
programs
or
other
programs
that
might
exist
in
the
future,
potentially
from
the
state
that
that
that
can
help
organizations.
We
do
not
have
locally
the
amount
of
money
that
it
would
take
to
carry
the
economy.
That's
that's
better
done
by
federal
and
state
programs.
F
So
again,
just
any
questions
that
you
might
have
about
this.
You
can
email
to
economic
vitality
at
Bloomington,
iein
gov,
that's
an
email
address
that
drops
to
a
couple
of
people
and
we'll
get
back
to
you
as
quickly
as
possible,
be
sure
to
click
to
preview,
the
application
by
clicking
here
and
so
that
you
know
what
to
collect.
As
you
go
through
it,
you
can
start
an
application
and
then
save
it
and
stop
and
come
back,
and
so
you,
once
you
get
into
the
platform,
it's
pretty
flexible
and
and
again
to
wrap
up.
F
The
the
button
that
you
want
to
click
is
the
first
of
the
three
green
buttons
down
here
that
will
allow
you
to
access
the
the
platform.
Let
me
before
I
wrap
up
just
address
a
couple
of
things
that
that
have
that
have
come
across
and
I
just
want
to
clarify
number
one.
The
loan
program
is
not
closed.
In
other
words,
it's
open.
It's
rolling,
that's
going
in
real
time.
People
continue
to
apply,
people
are
continuing
to
to
get
approved.
F
So
there
is
a
misconception
that,
because
that
first
group
had
been
published,
that
that
was
the
end
of
that.
It's
not
so.
There's
there's
money
left.
We
encourage
people
to
take
advantage
of
it
if
they
need
it.
We've
had
about
175
or
so
applications
that
were
started,
of
which
50
have
been
completed
and
all
of
them
are
in
review
so
or
have
been
funded
already.
So
we're
trying
to
move
really
really
quickly
to
get
the
money
out.
We
realized
that
time
too
much
speed
to
market
is
critical.
So
again,
this
thing
is
still
open.
F
G
G
This
is
due
to
the
the
governor's
emergency
order
and
their
relaxation
of
a
lot
of
the
requirements
we
have,
and
so
we've
got
that
program.
It's
up
and
running.
We
on
Wednesday
we
issued
approximately
six
to
eight
thousand
dollars
worth
of
support
to
ten
local
businesses,
and
our
process
is
a
little
bit
different
and
but
it
has
the
same
goals.
Our
process
is
a
grant
program
where
we're
not
doing
loans,
we're
doing
grants
direct
grants
to
businesses.
G
If
you
want
to
apply,
you
can
go
to
the
county
website,
WWC
EROI
on
us,
and
it's
for
tourism
related
businesses
outside
the
city
of
Bloomington
Limits,
because
that's
where
the
food
and
beverage
funds
that
we
have
are
derive
from,
we
really
have
four
criteria.
We
look
for.
One
is
that
it
is
sufficiently
tourism
related
to
to
qualify
for
this.
We
have
to
substantiate
the
actual
lawsuit
of
the
Kovan
19
emergency.
G
We
want
to
make
sure
that
everyone's
aware
of
federal
state
and
local
programs
that
could
also
help
support
this,
and
if
any
of
them
are
more
appropriate,
we
would
direct
them
that
way
and
we
we
determine
the
necessary
funding
requirements
to
prepare
the
business
for
full
operations
after
the
emergency
subsides.
So
those
are
the
kind
of
the
four
criteria
our
process
is
you
go
to
our
website?
There's
an
application.
It's
it's
fairly,
simple
and
straightforward.
It
asks
for
things
such
as
what
kind
of
loss
that
you've
received.
How
are
you,
tourism
related?
G
It's
a
it's
a
fairly
easy
and
quick
up
application
process.
Our
county
commissioners
get
those
for
review
and
then
one
of
them
will
read
an
interview
the
applicant,
and
then
they
make
a
recommendation
to
the
Board
of
Commissioners
and
they
they
would
then
review
those
recommendations
at
their
meetings.
The
kind
of
timeframe
we're
looking
at
is
that
you
know
if
we
get
an
application
this
week,
it'll
get
reviewed
for
determination
for
next
Wednesday's
meeting,
so
we're
kind
of
doing
it
on
a
week-by-week
basis.
G
And
again,
we
still
have
one
hundred
and
thirty
thousand
dollars
in
support
money
available
at
this
time.
So
it's
fairly
straightforward
and
if
you
I
know,
there's
going
to
be
a
question
and
answer
after
this
I'm
more
than
happy
to
answer
those
questions
at
that
time,
I
think,
along
with
the
city,
we
would
look
at
applications
and,
if
you're
not
in
the,
if
you're,
not
in
the
county,
we
would
alert
you
and
if
it's
in
the
city
limits
we
go
ahead
and
it
will
forward
that
information
to
you
and
into
the
city
themselves.
A
Right,
no
thank
you
Jeff,
so
I
will
quickly
note
that
for
audience,
participants
and
hosts
and
panelists,
this
meeting
is
being
recorded
and
will
be
available
on
the
web.
So
if
you
have
contacts
or
anyone
else
who
might
be
interested,
there
will
be
reporting
available
and
also,
if
you
are
speaking,
it's
being
recorded.
So
thanks
for
your
work,
so
that's
the
Rapid
Response
Fund
loan
program.
There
will
be
an
opportunity
to
ask
questions
about
that
after
the
Paycheck
protection
program
portion,
so
I
will
kick
it
over
to
Cindy
can
Arnie?
A
Who
is
the
market
president
at
First,
Financial
Bank,
and
that
is
an
institution
like
many
local
ones,
that
is
doing
paycheck
protection
program,
loans
and
she's,
going
to
give
you
a
summary
of
PPP
and
update
and
guidance
on
how
to
apply
and
she'll,
be
available
to
answer
questions
and
do
breakout
later
so
Cindy.
Are
you
on
the
line.
H
As
everyone's
probably
guessed,
PPP
has
been
a
very
busy
time
for
our
industry,
as
we've
worked
to
help
as
many
clients
as
possible.
Through
that
process,
I
am
happy
to
report.
We
have
been
able
to
close
and
fund
numerous
PPP
applications
in
the
community
and
throughout
our
footprint
PPP.
The
original
truant
of
that
has
been
exhausted,
as
you
know,
but
Congress
did
pass
another
piece
of
that
which
is
currently
being
rolled
out
once
all
the
approvals
etc
are
in
place.
We
anticipate
being
able
to
start
the
application
process
again,
most
likely
on
Monday.
H
E
H
For
so
I've
certainly
encouraged
everyone
as
they've
assembled
their
payroll
information
and
also
do
a
quick
and
simple
Excel
spreadsheet
that
very
simply
lays
out
how
you
have
arrived
at
your
loan
amount
that
you're
applying
for
and
making
sure
that
that
also
puts
the
information
that
you
will
provide
and
the
other.
The
other
thing
that
I
think
is
a
big
time.
Saver
on
the
application
process
is
please
make
sure
that
all
the
blanks
are
filled
out.
H
All
the
questions
are
answered,
as
you
can
imagine,
there's
a
large
volume
of
these
things
moving
through
and
certainly
any
time
that
we
have
to
stop
and
go
back
and
ask
questions
that
just
really
slowed
down
the
process
and
slowed
down
our
ability
to
be
able
to
turn
these
around.
So
just
a
couple,
you
know
off
the
top
helpful
hints
for
you
to
consider
so
on
the
screen.
You'll
see
some
PPP
information
that
that's
been
put
up.
As
you
can
see,
this
is
primarily
to
help
facilitate
a
client's
payroll
cost.
H
H
It
is
an
SBA
product,
so
the
even
though
it
is
an
SBA
product.
These
things
have
been
facilitated
through
banks,
not
all
banks
are
participating
in
the
PPP
process,
but
there
are
several
local
banks
that
are
the
term
of
the
loan
is
a
two-year
term.
After
roughly
60
days,
we
will
have
to
go
back
to
the
SBA
to
certify
how
the
funds
were
utilized
for
each
borrower
that
received
PPP
proceeds
to
see
if
any
or
all
of
those
proceeds
can
be
forgiven.
H
That's
certainly
a
nice
feature
of
this,
so
if,
if
all
the
proceeds
have
been
utilized
as
required-
and
we
can
certify
to
that,
the
SBA
is
looking
to
forgive
these
loans,
but
if
a
portion
of
the
proceeds
have
not
been
utilized
as
prescribed,
it
will
turn
into
a
loan,
and
you
can
see
here,
the
interest
rate
is
currently
at
1%
on
those
loans.
It
is
an
unsecured
credit
facility,
the
payment
deferral
term
is
6
months
and
again
you're
kind
of
looking
at
what
would
take
to
kind
of
utilize
and
certified
back
to
the
SBA.
H
H
H
But
one
thing
to
note:
if
you've
applied
for
eid,
l
or
disaster
relief
through
the
SBA
and
you
want
to
apply
for
PPP,
there's
really
no
overlap
there,
so
it's
kind
of
one
or
the
other
from
a
loan
perspective.
So
how
to
apply
the
best
way
to
apply
is
if
you
have
an
existing
relationship
with
a
bank,
I
encourage
you
to
go
to
their
website
contact
them
directly
and
understand
the
application
process.
H
Also,
please
be
keep
in
mind
what
I
mentioned
earlier:
the
organized
information,
the
completeness
of
the
application-
please
be
mindful
of
that,
because
that
will
definitely
help
speed
the
application
and
closing
process
along-
and
I
think
that
I
have
covered
this
section
so
with
that.
Certainly
I'll
be
interested
in
any
questions
later
and
happy
to
advise.
A
Thank
You
Cindy,
so
we
are
a
little
bit
ahead
of
schedule,
which
is
wonderful,
so
I
think
what
I'll
do
now
is
open
it
up
to
questions
and
answers
on
either
the
Rapid
Response
Fund,
the
Monroe
County
Cova
19
grants
or
the
Paycheck
protection
program
for
any
of
the
folks
who
have
spoken
so
far.
So
let
me
see
what
we
have
in
the
chat.
Ryan.
F
I
can
jump
with
there.
There
are
basically
four
questions
I've
been
asked
or
before
that
I
wanted
to
be
able
to
answer
for
people
yeah
go
ahead,
okay,
so
the
first
question
which
was
in
the
chat
was
about
so
we've:
we've
indicated
that
there's
a
possibility
that
some
nonprofits
applying
for
loans
could
potentially
have
that
loan
forgiven.
Let
me
explain
why
that's
just
a
possibility
and
why
we
can't
actually
be
black-and-white
clear
about
it
when
the
person
is
applying
or
or
is
be
given
the
loan
we
are.
F
But
it's
not
something
that
we
can
do
upfront
which
I
know
can
be
challenging
and
and
and
frustrating
for
people
applying.
If
they
don't
know
exactly
what's
going
to
happen,
but
that's
the
limitation
that
we
have
and
that's
the
one
we
have
to
work
within
so
I
hope,
hopefully
that
that
answers
questions
about
how
the
loan
forgiveness
portion
of
the
bloomington
version
of
not
the
county,
but
the
blooming
of
the
city
of
Bloomington
Rapid
Response
Fund
works.
Another
question
I've
gotten
is
early
on.
F
As
we
were
developing
the
program
we
we
were
thinking
about
the
implications
for
living
wage
and,
while
philosophically
I
think
many
of
us
are,
are
very
strongly
supportive
of
the
living
wage
and
and
really
encourage
people
to
understand
that
and
work
towards
that.
We,
we
also
understood
early
on
that,
given
the
nature
of
some
of
the
businesses
that
we
were
trying
to
help.
F
That
was
going
to
be
a
non-starter
that,
unfortunately,
the
wages
were
going
to
be
having
a
living
wage
requirement
was
going
to
be
insurmountable
for
some
of
the
businesses,
so
there
is
no
living
wage
requirement.
As
part
of
this
particular
program,
there
are
living
wage
requirements
for
other
programs,
the
city,
but
not
this
particular
one.
So
I
wanted
to
clarify
that
third
question
I've
gotten
is
about
you
know:
is
it
only
tourism
and
focused
or
tourism
businesses?
And
let
me
speak
to
that
a
little
bit.
F
The
county
has
that
very
strong
focus,
because
that
is
the
the
the
exclusive
source
of
their
funds.
One
of
the
benefits
of
the
city
program
is
that
it
actually
also
has
funding
from
the
Bloomington
Urban
Enterprise
Association,
which
actually
opens
a
cast
the
net
wider.
So
so
it's
not
just
tourism
related.
It
can
also
be
businesses
that
support
the
Bloomington
enterprise,
the
Enterprise,
Zone
and
Bloomington,
which,
which
is
a
geographical
area,
and
the
application
calls
for
self
self
certification
on
that
front.
F
So
it's
a
little
bit
broader
than
it
would
have
been
otherwise
had
we
only
been
limited
to
food
and
beverage
monies,
and
but
it
does,
it
allows
us
to
scoop
in
more
businesses
than
we
went
and
nonprofits
that
we
would
have
been
able
to
do
otherwise
and
then.
Finally,
the
fourth
question
is,
you
know
we.
When
we
went
to
market
with
the
program,
we
actually
went
with
a
very
conscious
understanding
of
having
sort
of
two
tranches,
so
we
had
a
kind
of
initial.
F
This
is
not
a
structural
limitation,
but
but
we
thought
the
first
effort
would
be
about
a
million
dollars,
and
so
the
first
round
of
applications
probably
come
in
around
that
number,
but
there
would
also
be
potentially
some
other
monies
that
we
wanted
to
not
burn
through
immediately
and
the
reason
we
did.
That
was
because
we
wanted
to
be
sure
that
if
this
thing
goes
on
longer
than
federal
programs
were
able
to
help
us
that
we
also
have
some
funding.
F
A
Know
and
that's
great
there's
a
couple
of
follow-up
questions
on
the
chat
I
want
to
address.
One
is,
if
you
have
applied
for
pppoe
IDL
from
the
SBA.
Will
that
count
against
you
in
your
application
to
city
funding?
The
answer
is
it
absolutely
will
not?
We
just
want
to
track
what
people
are
doing,
but
we
encourage
people
to
apply
to
everything
and
it
does
not
affect
your
ability
to
either
obtain
SBA
funds
or
obtain
city
or
county
funds.
A
The
next
one
is
if
we
have
part-time
staff,
that
amounts
to
an
FTE
is
that
an
FTE
or
PDE
on
the
city
application?
The
answer
is
we
have
a
spot
for
both
FTEs
and
PGE.
So
if
they're
part-time
equivalents,
just
put
part-time
employees
and
I
can
clarify
that
that
won't
change
your
score.
Anyone
under
five
employees
will
be
scored
the
same
amount
and
then
the
next
question
I
got
Jenna.
We
have
a
lot
of
questions
about
PPP
and
Eydie.
A
I
A
For
you
are
so
we
have
several
questions
about
Eid
Island
PvP
one
is:
how
should
a
business
determine
whether
to
apply
it
for
P,
P,
P,
P
or
the
IDL?
Is
the
ideal
funding
so
available
and
I
guess
I
would
answer
the
first?
Is
you
can't
apply
for
both,
but
not
for
the
same
set
of
expenses,
but
if
you're
deciding
between
one
set
of
expenses?
How
do
you
decide
which
loan
program
to
apply
for
okay.
I
Yeah,
that's
a
good
question.
I'm
kind
of
we
tell
clients
is
obviously
if,
if
you're
using
it
predominantly
for
payroll,
related
expenses,
P
P
P
is
the
better
route
to
go
for
a
couple
reasons:
one
it's
much
quicker,
because
the
idle
prop
the
idle
process
can
take
longer.
But
if
you
need
a
higher
dollar
amount
and
you
need
working
capital,
then
idle
is
really
your
only
option
on
there
I'm
keeping
in
mind
that
idle
does
have
to
be
repaid.
The
process,
though,
is
much
longer,
and
so
you
need
to
keep
that
in
mind.
I
So
those
are
really
the
big.
The
big
determining
factor
is,
if
you
really
need
payroll,
related
costs
go
to
PPP
route,
but
if
you
need
working
capital
or
you
want
to
refinance
well,
you
can't
refinance
existing
debt,
but
you
can
include
the
debt
payments
on
that.
Then
idle
is
really
the
route
to
go.
So
those
are
kind
of
the
two
determining
factors
on
that
when
we
direct
people
when
we
direct
clients
which
one
to
apply
for
did
that
answer
your
question.
Okay,.
A
Yeah
we
can
follow
up
in
the
chat
if
we
need
to
another
question
that
we're
getting
a
couple
of
is
how
do
sole
proprietors
fit
into
the
PPP
program.
So
one
question
is:
can
you
get
both
pandemic
unemployment
and
PPP
if
you're,
a
sole
proprietor,
I'm
assuming
not
but
Rory,
would
know,
and
the
second
question
is:
if
you
have
independent
contractors
that
are
part
of
your
regular
workforce,
how
do
you
qualify
for
PPP?
I
Okay,
good
question
on
by
this
one
came
up:
okay,
the
rule
and
independent
contractors
is,
and
this
got
confusing
there
for
a
while
on
the
PPP
program.
Independent
contractors
cannot
be
included
as
part
of
your
payroll
costs.
They
would.
They
would
be
eligible
to
apply
for
their
own
PPP
program
because
they're
considered
self-employed,
so
no,
they
cannot
be
included
on
payroll
related
cost.
So
there
was
confusion
on
that
at
first
because
they
said
sole
proprietors.
I
A
So
another
question
I
got
is
if
for
property
owners,
if
they're
a
property
management
company
without
employees,
is
there
any
relief
available
for
rent
or
should
they
just
apply
to
programs
as
a
business
as
a
property
management,
business
I?
Guess
one
would
be
for
the
SBA
and
then
secondly,
for
the
City
and
County
programs.
I
Ok,
yeah
jeredy,
if
there's
no
employees
involved,
that
would
be
eligible
for
the
idle
program
but
of
course
PPP.
Theoretically,
you
can
include
rent
or
property
related
expenses
on
the
PPP,
but
you
need
to
have
employees
behind
it
because
75%
of
it
must
be
used
for
the
employment
cost.
So
in
that,
in
that
example,
it
would
need
to
flip
to
an
idle
loan.
But
yes,
idle
could
be
used
in
that.
For
that
purpose,
and.
F
I'll
speak
to
the
Rapid
Response
Fund,
for
for
the
city
of
Bloomington
side
anyway,
you
know
I
would
encourage
people
to
to
submit
an
application.
In
that
case,
you
know
we
are
interested
in
in
focus,
you
know
in
helping
retain
employment,
but
but
on
the
other
hand,
we
also
understand
that
businesses
are
taking
it
on
the
chin
relative
to
fix
costs
when
there's
a
when
their
revenue
is
dried
up.
A
I
Yeah
actually
I
do
and
as
of
this
morning,
I
mean
literally
right
before
we
we
got
on
the
call
we
got.
We
received
a
list
from
the
SBA
of
all
PPP
lenders,
and
so
we
ought.
We
do
now
have
a
list
of
some
of
the
banks
that
do
not
require
an
existing
relationship
in
order
to
do
the
loan
so
reach
out
to
us.
I
J
A
Okay
and
then
we've
gotten
to
questions
on
the
SBA
economic
injury
disaster
loan
program,
which
we're
referring
to
as
a
IDL
one
is:
will
the
advance
loan
portion
be
part
of
the
next
round
of
upcoming
funding
tests?
Yesterday
and
a
second
is
any
idea
on
the
timing
of
the
IDL
folks
have
applied
in
the
last
couple
weeks
and
more
information
on
the
timing
would
be
a
person.
I
The
answer-
the
first
question
is,
as
we
asked
we've
been
told
now,
there
are
no
changes
being
made
to
that
program.
So,
in
regards
to
will
the
advance
stay
the
same?
The
answer
as
we
understand
it,
we've
been
told
right
now.
The
answer.
The
question
is:
yes,
we
haven't
been
told
of
any
changes
that,
but
we're
still
getting
some
information
on
that.
I
The
way
it'll
work
is
if
you've
already
applied
and
you've
got
an
application
pending
as
soon
as
those
funds
are
available,
they'll
go
ahead
and
get
an
approval
for
you
and
move
forward,
so
the
actual
window.
There.
You
know
if
it
took
you
six
weeks
to
get
your
approval
initially,
which
we
were
seeing.
That
was
about
the
average
that
six
weeks
will
still
apply,
but
if
you've
already
applied
it'll
as
soon
as
the
funds
are
available,
it'll
release
for
processing.
A
I'm
gonna
cut
the
first
Q&A
session
there
remember
during
the
breakouts.
If
you
want
to
ask
more
questions
of
the
SBA
or
of
the
ESR
working
group
or
the
county
stay
in
this
meeting,
and
you
can
ask
it
during
the
breakout
session,
but
we're
about
to
meet
the
lenders
who
are
assembled,
who
will
have
their
own
breakout
sessions
where
you
can
directly
engage
with
them
on
the
program?
So
let's
do
the
local
banks
first.
A
So
just
please
keep
it
brief,
one
to
two
minutes
about
who
you
are,
who
you're
serving
and
how
folks
can
get
in
touch
with
you
and
then,
if
folks
are
interested,
there
will
be
an
opportunity
in
the
zoom
breakouts
at
approximately
11:00
a.m.
to
go
to
each
zoom
room
with
each
lender.
So
first
financial
bank
Cindy
can
already
gave
the
presentation
Cindy.
What
else
can
you
tell
us.
H
Information
out
on
our
website,
Brian
and
and
that
that
can
be
found
at
WWE
Bank
at
first
all
spelled
out
com.
So
if
anybody
wants
any
information
on
the
program
details
how
to
apply
information
needed
etcetera,
it
can
definitely
be
found
on
our
out
on
our
website.
You
can
also
email
me
directly
at
Cindy
can
Arnie
at
Bank
at
first
again
that
CIMB
one-eyed
ki
in
AR
n
ey
at
bank.
It
first
calm.
J
B
K
You
hear
me
yes,
yes,
so
I
think
Cindy
did
a
nice
job
of
describing
the
program
we
are
knee-deep
in.
We
got
we're
getting
through
our
first
round:
we've
funded
over
1.3
billion
dollars
in
PPP
loans,
which
is
a
lot
of
loans
for
a
bank
over
there
sighs
we
are
teeing
up
and
getting
ready
for
round.
Two
and
I
would
tell
you
that
organization
is
essential.
K
K
So,
if
you
need,
if
you,
but
that
doesn't
mean
we're,
not
the
individuals
are
not
working
on.
It's
just
that
through
the
website,
its
we're,
not
accepting
new
ones.
When
it
go,
we
go
live.
We
will
be
accepting
new
ones.
If
you
need
to
work
with
somebody
work,
if
you
have
a
relationship
with
a
bank,
please
work
with
your
relationship
manager
at
the
bank.
K
If
you,
if
you
need
help,
you
always
reach
out
to
me
personally,
I've
been
helping
a
lot
of
people
as
needed,
and
my
email
address
is
I,
got
a
tough
last
name
but
Scott
Fishman,
shì
shì
man
at
all
national
com,
I
appreciate
what
the
Brian
and
the
rest
of
the
do-gooders
here
at
the
city
of
Bloomington
are
doing
for
everybody.
Let's
hang
in
together
and
let's
we
can
fight
our
way
through
this.
Please
be
kind
to
your
fellow
businesses,
be
kind
to
the
bankers,
the
bankers,
our
believe.
K
K
A
A
Okay,
we
will
still
offer
those
banks
an
opportunity
to
host
a
breakout
session.
Let's
go
to
the
CDFI,
so
CDFI
stands
for
community
development,
financial
institution.
We
have
several
sea
deifies
that
serve
our
markets,
some
of
whom
are
doing
PPP,
so
I'll
give
them
a
chance
to
introduce
themselves
what
activity
they're
doing
in
response
to
Cova
19
briefly,
we'll
go
in
alphabetical
order,
so
is
Kyle,
faucet
or
another
representative
from
bankable
here
and.
L
L
Typically,
we
work
with
businesses
that
are
not
ready
for
traditional
financing
at
a
bank,
so
before
a
bank
to
give
small
business
loans
and
technical
assistance
in
coaching,
we
are
doing
PPP.
During
this
time
we
have
some
new
funding,
so
we
are
starting
applications
now
to
get
those
ready
to
go,
obviously
being
a
small
nonprofit
lender.
We
don't
have
the
lending
capacity
that
your
bank
would
would
so.
I
would
still
urge
you
to
be
talking
with
your
lender
to
see
what
opportunities
you
have
there,
as
well
as
the
list
that
Troy
had
mentioned.
L
In
addition
to
PPP,
we
are
offering
some
small
what
we
would
call
micro
loan
products
that
are
based
upon
relief,
specifically
in
the
Bloomington
area
as
well.
I'll
talk
more
about
those
in
the
breakout
room,
but
we're
calling
those
first
one
is
called
a
reboot
loan,
so
that
will
be
focused
on
the
businesses
that
have
unfortunately
had
to
close
or
basically
closed,
very,
very
limited
operations,
and
they
may
need
some
money
to
basically
restart
the
business
whenever
that
time
comes,
maybe
for
initial
payroll
inventory
that
kind
of
stuff.
L
So
we
are
taking
applications
today
for
those
loans,
as
well
as
what
we're
calling
a
quick
bridge
loan,
which
is
very
similar
to
a
lot
of
the
loans
being
talked
about
so
just
another
option.
There.
That's
meant
for
businesses
that
are
operating
still,
but
kind
of
you
know
trudging
their
way
along
basically
trying
to
bridge
them
towards
federal
funds
or
towards
Clearwater.
So
I
can
talk
more
about
those
in
the
breakout
room,
yeah.
A
N
M
Great
good
morning,
everyone
I
am
Phil
block
the
executive
director
of
the
community
investment
fund
of
Indiana,
and
we
are
one
of
the
CDFI,
so
McCall
community
development,
financial
institution
we're
statewide
lender.
Like
Kyle
mentioned,
we
focus
on
customers
that
may
not
be
eligible
for
bank
financing.
M
So
we're
looking
at
loans
up
to
$50,000
that
can
be
used
to
help
grow
your
businesses
or
to
meet
the
expense
of
some
of
the
new
protocols
that
you
may
be
required
to
take
care
of
some
of
those
new
protocols.
We
don't
know
about
them
all
yet,
but
we
know
that
there
are.
They
are
costs
associated
with
some
of
the
protocols
you
might
put
in
place
after
you
open
the
doors.
M
Our
interest
rate
is
starts
at
six
percent
and
we,
depending
on
the
loan
application
we
can,
there
could
be
a
deferment
period
initially
for
the
loan.
So
we're
here
to
sort
of
fill
in
the
gaps
between
our
partners
were
statewide,
so
we
can
work
with
CDFI,
friendly
Bloomington
or
any
other
organization
that
may
be
in
the
game
of
Health
investing
or
investing
in
businesses
and
keep
them
open
or
keep
them
restarted.
I'll
be
happy
to
talk
about
that
in
more
detail
at
the
break
and
answer
any
questions
during
that
time.
O
O
Our
mission
is
to
strengthen
nonprofits
and
the
communities
in
which
they
serve,
and
we
do
that
by
a
couple
of
different
ways:
two
of
our
primary
ways,
one
through
our
lending.
We
offer
facilities,
loans,
facility,
improvement,
loans,
equipment,
loans.
We
also
work
in
the
affordable
housing
market
and
we
work
with
new
market
tax
credits.
We
also
have
a
real
estate
consulting
arm,
which
we
call
real
estate
solutions
and
they
help
nonprofits
with
feasibility,
financial
feasibility
studies,
facilities,
assessments
on
you
know
whether
or
not
they
may
need
to
relocate,
potentially
expand
their
facilities.
O
So
in
that
partnership,
what
we've
done
is
to
be
able
to
create
a
streamlined
mechanism
to
be
able
to
get
these
folks
in
the
queue
so
that,
if
they
are
unable
to
do
so
with
their
traditional
banking
lenders,
they
are
able
to
come
to
us
and
we're
able
to
help
facilitate
those
loans.
We
the
partnership
with
CRF,
since
they
are
a
SBA
certified
lender.
We
are
really
working
as
a
referral
source,
as
well
as
a
technical
assistance
provider
to
be
able
to
help
these
nonprofits
get
access
to
PPP.
O
If
they
were
to
go
online,
they
can
go
on
and
look
at
a
simple
application
or
a
loading
dock
at
iff,
dot
or
WWI
ffs
org,
and
it
will
take
them
and
walk
them
right
through
the
application
process
and
just
as
Scott
was
saying,
we
also
have
a
PPP
payroll
calculator
on
that
site
as
well.
So
if
there's,
you
know
if
they
need
assistance,
helping
to
get
that
filled
out,
we're
able
to
provide
ta
there
as
well.
My
email
address
is
a
Gibson
GI
BSO
in
a
Gibson
at
iff,
org
thanks
laughing
yeah.
A
A
Okay,
I'll
get
someone
from
german-american
bank
on
the
phone.
Okay
and
again
there
will
be
a
chance
to
speak
with
each
of
these
lenders
in
a
break
room.
We
have
one
more
category
of
lender
online,
so
it
was
mentioned
in
the
chat
that
some
FinTech
representatives
can
handle
PPP,
which
is
true.
This
is
a
FinTech
provider
called
blue
acorn.
A
P
Mrs.
Andrew,
thank
you
again,
Brian
for
having
us
just
a
little
background
on
myself.
I
have
been
a
huge
fan
of
various
programs
like
this
I
was
a
huge
proponent
of
Enterprise.
Zones
back
in
the
day
was
a
big
advocate
of
helping
lenders
understand
how
to
leverage
Enterprise
Zones
and
help
out
small
businesses
in
those
zones.
P
More
recently,
we've
been
involved
with
the
opportunity
zones
and
then,
as
this
big
challenge
that
we're
all
facing
to
came
upon
us,
we
shifted
gears
and
we
worked
on
a
platform
that
you
can
find
us
at
blue
acorn
CEO,
and
it's
primarily
about
helping
to
streamline
that
application
process.
I'm
so
excited
to
hear
all
these
folks
chewing
on
this
challenge.
This
has
been
very
inspiring
for
myself
and
so
I
really
really.
Thank
you
all
for
for
this.
P
But
yes,
our
our
platform
is
primarily
just
to
help
streamline
the
process,
we're
working
with
multiple
lenders
on
the
backend,
so
we're
trying
to
work
with
as
many
organizations
that
are
taking
on
this
challenge
and
you
can
go
to
the
website
for
the
application
process
and
then,
as
we
are
working
with
more
and
more
sea
deifies
lenders,
banks
will
add
that
to
the
list
we're
about
a
few
thousand
folks
who
have
already
applied.
So
yes,
we
encourage
folks
to
go
ahead
and
take
a
look
at
the
site.
P
If
you
have
any
questions
reach
out
to
myself,
my
email
address
is
Andrew
at
Blue
acorn
that
CEO
and
Jamie
unfortunate
he's
juggling
a
few
things,
as
you
can
imagine,
were
multiple
we're
on
multiple
projects
here,
but
his
email
address
is
also
Jimmy
at
Blue,
acorn
Co,
so
here
to
answer
any
questions
or
help
out
in
any
way.
We
can
thank
you.
Okay,.
A
Q
Yes,
Brian,
that
is
correct,
but
we
do
have
a
direct
link
on
our
website.
We
have
partnered
with
one
of
the
nation's
leading
small
business
loan
online
marketplaces.
A
company
called
when
do
in
order
to
have
our
members
have
a
way
to
apply
for
the
PPP
loans,
and
so
you
can
go
directly
to
our
website
to
apply
for
those
loans.
A
Okay,
fantastic
all
right,
so
we've
met
all
the
lenders
who
are
assembled
here
now.
Let's
turn
you
loose
to
have
a
chance
to
engage
with
them
individually.
So
the
way
this
works
is,
if
you
want
to
talk
to
a
government
source
or
the
SBA
or
one
of
the
yes
art
working
group
members
stay
in
the
zoom
jet.
If
you
want
to
talk
to
one
of
the
lenders
you've
heard
from
today,
you
will
go
to
a
zoom
link
provided
by
Eric,
read
more
from
the
Chamber
of
Commerce
in
the
chat.
She's
already
done
it.
A
R
Right,
Thank,
You,
Bryan,
hello,
everybody,
it's
good
to
see
all
of
your
faces
and
some
new
people
as
well
I've,
just
reassured
the
link
again,
because
actually
usurer
did
it
too
soon.
If
you
press
ENTER
along
this
way,
it
doesn't
give
you
a
space.
It
just
throws
it
up
there
in
the
chat.
So
it's
there
for
you
again.
So
just
like
Brian
said,
if
you
want
to
talk
to
bankable,
there's
a
link
there
for
their
zoom.
R
All
other
lenders,
you're
gonna,
go
to
that
second
link
available
and
then,
if
you
want,
if
you
have
general
questions
or
just
need
to
kind
of
talk
through
some
other
things,
that
would
be
stay
here
in
the
zoom
call.
Once
you
get
to
your
zoom
link,
if
you're
going
to
the
all
other
lenders,
once
I'm
going
to
get
chance
for
everybody,
I'll
meet
you
there
I'll
get
everybody
a
chance
to
make
it
over
to
the
zoom
link.
R
Give
you
about
five
or
ten
minutes,
and
then
I
will
disperse
everybody
into
breakout
rooms
with
the
lenders
once
I
get
a
sense
of
how
many
people
are
there
and
how
many
breakout
rooms
were
going
to
need.
So,
if
you
have
any
questions,
I
will
put
my
email
in
the
chat
as
well
and
you're.
Welcome
to
email
me
if
you're
having
any
difficulty
during
the
all
other
lenders,
zoom
breakout
session.
A
A
I'm,
sorry
web
address,
email
address,
provided
I've
put
a
lot
of
resources
on
the
chat
about
individual
lenders.
The
is
BBC
org
site
has
a
lot
of
great
resources,
and
if
you
send
us,
your
email
address
either
to
academic
vitality
at
Flemington
that
I
end
at
govt
or
my
email
address,
CDFI
friendly
at
CFB
MC
or
go
to
put
in.
We
will
send
you
the
resources
we
have
as
a
PDF,
as
well
as
a
link
to
this
video.
F
F
S
F
And
Jane
Cooper
Smith
is
here
as
well,
so
Jamie
can
we
can
bring
you
into
this
conversation.
There's
there's
a
a
portion
of
the
Bloomington
Urban
Enterprise
Association
funding
that
was
set
aside
for
longer
term
arts
grants
and
that's
in
addition
to
grants
that
already
exist
as
part
of
the
Bloomington
or
urban
enterprise
and
Bloomington
arts.
F
T
Yes,
so
you
would
be
eligible
for
the
the
rapid
response
loan,
even
though
you're
located
in
the
county,
because
you're
a
non-profit,
you
would
be
eligible
to
take
the
city's
rrf
loan.
You
would
also
be
eligible
to
apply
for
the
BVA
and
the
BAC
rapid
relief
arts
grant
funding.
Those
details
are
still
being
ironed
out
and
there
will
be
announcements
about
when
that
application
process
is,
is
going
live.
So
the
short
answer
is
that
you
could
apply
for
city
funding.
T
T
F
U
F
It
please
please
do
apply,
we
do
capture
either
a
full-time
or
part-time
numbers.
We'd
like
to
you
know,
so
we
want
to
accommodate
people
who
or
in
your
situation-
and
you
know
we-
we
will
again
we're
trying
to
do
everything
we
can
to
have
to
get
to
yes
for
people,
so
I
would
encourage
you
to
pursue
the
Bloomington
Rapid
Response,
fine.
U
F
U
E
E
Alex
I
have
a
question
for
you
regarding
the
application
process
for
the
Bloomington
rapid
response
working
as
a
non-profit.
The
the
website
is
requiring
a
credit
report
or
an
individual
and
I'm
wondering
if
you
could
address
do
we
need
to
pull
a
credit
report
from
our
executive
director
or
board
president
or
is
there
something
we
can
put
in
place
of
a
credit
report,
since
we
don't
really
have
an
owner.
T
E
T
R
T
N
Just
curious,
I
think
this
is
Troy
still
on.
This
is
a
question
for
him.
We
applied
for
the
Eid
L
in
anticipation
of
the
rapid
advance
on
April
1st
and
have
not
received
any
funds
and
did
receive
an
email
on
the
14th.
That
was
the
adjustment
to
explain
adjustment
down
to
$1,000
per
employee
as
opposed
to
what
we
originally
thought
was
$10,000
I,
don't
know
if
that's
abnormal
or
at
what
point
I
should
be
attempting
to
follow
up
on
that
or
if
you
know
it's
supposed
to
be
sort
of
a
three-day
thing.
I
Yeah,
this
is
Troy.
Tell
me
again
what
date
you
to
apply
for
this
and
make
sure
I
think
it
was
April
first
okay,
so
the
good
news
is
I.
Think
everything's
right
on
track.
The
fact
you've
gotten
an
email
back
from
them
about
the
adjustment
means
it's
in
two
and
it's
working
as
a
rule
of
thumb
here.
The
people
that
applied
when
this
first
came
out
have
just
been
getting
their
funds
awarded
within
the
last
week,
so
you're
putting
Europe
it's
working.
It
sounds
like
it's
working
through
the
process,
everything's
going.
I
N
This
I
actually
don't
think
we're
going
to
end
up
doing
the
IDL,
because
we're
doing
PPP
I
didn't
totally
understand
that
at
the
time
right
and
so
I
applied
and
and
probably
I'm
only
going
to
use
the
whatever.
The
the
first
part
of
the
advance
is
right
now
and
yeah,
probably
not
go
through
the
rest
of
the
process
and
unfortunately,
just
to
make
sure
everyone
knows
about
that
when
they
apply
that
it's
a
thousand
per
employee
I
wish
we
had
done
it
differently,
had
I
have
known
that
it's
complicated.
N
But
you
know
it's
where
its
brow
box,
when
we
have
sprout
box,
actually
employees
all
the
employees
for
several
other
companies,
and
so
we
applied
as
one
of
the
smaller
companies.
That's
most
troubled
when
we
probably
should
have
applied
as
sprout
box
as
a
whole.
In
order
to
hit
that
that
team
couple
tendon,
because
we
have
18
employees
at
spread
box
as
a
whole.
N
I
The
other
thing
you
want
to
keep
in
mind
on
that,
too,
is
that
if
you
take,
if
you
take
the
employee
portion
through
idle
any
money
you
get
awarded
out
of
P
P
P
will
be
reduced
by
that
amount.
So
you
can
just
you
know
you
can't
there's
a
strict
rule
on
you
can't
double
dip.
You
can't
get
money
for
employees
on
the
idle
side
and
the
PPP
bow
so
it'll
narrow
k,
but
it's
just
kind
of
a
clarification
on
that
that
make.
I
Yeah
pretty
much
but
they'll
do
it,
for
you,
I
mean
they'll
kind
of
know
that
you've
gotten
there
they
don't
come
through.
But
yes
you,
if
you
want
to
make
sure
you
disclose
that
to
the
bank
when
you
get
your
P
P
P,
that
you've
gotten
the
advance
for
the
employee
side
on
the
idle
side,
because
what
you
don't
want
to
happen
here
is
that
it
not
get
disclosed.
And
then
you
have
to
pay
that
back
at.
N
I
A
Let
me
interject
and
then
Samuel
go
ahead
so
folks,
if
anybody
is
trying
to
get
into
the
lender,
breakouts
Aaron
pred
more
has
set
up
a
separate
link
and
you
need
to
leave
this
meeting
to
do
that.
So
Cindy
can
Arnie.
Another
couple.
Lenders
are
ready
to
speak
to
folks
who
have
individual
questions
for
lenders
if
you're
struggling
to
get
there.
It's
because
you
have
to
leave
this
event
and
go
to
the
separate,
join
zoom
link
that
I
just
posted.
The
group
chat.
Okay,
go
ahead,
sing.
A
V
Thank
you,
I,
don't
know
how
to
do
a
virtual
hand
up
so
I've
just
been
doing
this
so
I
work
for
a
property
management
company
I,
don't
feel
like
my
question
got
clearly
addressed
in
the
chat,
which
is
we
manage
properties
for
other
owners.
We
don't
own
them,
so
the
missing
rent
the
owners
are
experiencing
do
to
covet
their
tenants
losing
income
and
such
you
know,
our
property
owners
are
missing.
V
Rent
from
this,
so
is
there
a
way
that
they
as
property
owners,
just
independent
people
that
own
properties
you
know
through
and
it's
through
their
social
security
numbers,
so
they
would
be
sole
proprietors.
Is
there
a
way
that
they
can
get
aid
for
this?
This
lost
rent
I
feel,
like
I,
heard
that
they
wouldn't
qualify
for
maybe
federal
aid.
They
don't
have
employees,
and
when
that
question
came
up
earlier
for
our
own
business,
we
have
employees.
V
F
So
let
me
try
to
address
that
best.
I
can
so
I!
Think
I
understand
you
saying
there
are
basically
two
entities
that
you're
trying
to
differentiate
your
entity.
Is
the
management
company
you've
got
the
employees
you
sort
of
taken
you've
gotten
that
answer.
You
know
your
path
forward
for
yourselves
and
so
we'll
leave
that
aside
and
what
you're
asking
is.
If
you
represent
a
property
owner
who's,
a
sole
proprietor
has
rattled
a
rental
property.
V
J
F
It's
more
kind
of
student
housing
potentially
than
than
like
tourism,
housing,
yeah,
so
I
think
I
think
the
answer
to
that
is
is
it?
Is
it
sort
it
depends
and
I
hate
to
put
it
that
way?
But
but
we,
you
know,
there
are
some
limitations
on
the
funding
that
we
have
relative
to
either
the
kind
of
businesses
that
are
going
to
be
supported
or
the
location
of
those
businesses.
F
We
are
trying
to
be
as
generous
as
we
are
as
we
can
be
within
the
you
know
that
can
fought
the
the
limitations
of
the
law
to
try
to
make
that
as
expansive
as
possible.
So
in
the
application
process
for
the
Bloomington
Rapid
Response
Fund
loan
program,
one
of
the
questions
is:
are
you
within
or
do
you
serve
the
Bloomington
urban
Urban,
Enterprise,
Association
and
so
I
think
what
I
would
probably
encourage
you
on
their
behalf
or
them
on
their
own
behalf?
F
To
do
would
be
if
you
go
to
the
city
of
Bloomington's
web
page
and
you
go
to
the
blue
and
you
just
type
in
bu
EA,
which
was
Bloomington
Urban
Enterprise
Association
it'll
go
to
a
page
in
the
website
that
has
a
map.
Actually,
so
you
can
click
on
the
map.
You
can
see
what
the
urgent
Urban
Enterprise
Association
is,
and
so
you
know,
I
think
the
the
probably
the
best
thing
is
to
is
to
try
to
figure
out
in
advance.
F
Or
would
you
fit
that
second
qualification,
because
it
would,
it
would
be
more
appropriate
to
be
sourced
from
that
funding
source
and,
if
that's
the
case,
then
absolutely
it's
worth
going
through
that
application
process.
If
it's
not,
then
if,
then,
it's
probably
not
worth
their
effort
to
do
it,
because
it
would
be
a
lot
of
effort
and
the
chances
of
them
being
successful
would
be
somewhat
limited.
V
V
Oh,
you
know
a
lot
of
these
people,
it's
their
their
income.
They
have
mortgages
on
a
lot
of
their
houses
so
that
they
pay
from
the
rental
income.
You
know
it
goes
down
the
line
so
I'm,
just
trying
to
I,
haven't
really
seen
where
my
the
property
owners
fit
into
this
situation
or
to
these
aid
packages
available.
You
know
yeah.
F
I
I
Spf
I
mean
on
this
too.
Now
that
you
know
if
they're,
sole,
proprietors
and
they're
trying
to
pay
their
rent,
then
they
could
so
yeah,
I
guess
my
wishy-washy
answer
to
this
is:
it
depends,
there's
so
many
deliverables
on
this.
This
might
be
one
where
we
would
need
to
get
someone
from
the
SBA
on
the
phone
with
us,
and
we
can
certainly
facilitate
that
to
try
to
get
an
answer,
but
off
the
cuff,
I
think
the
SBA
side
that
this
is
going
to
be
pretty
limited.
It
limited
in
their
ability
to
help
I
didn't
know.
I
V
V
I
That's
not
necessarily
true.
A
sole
proprietor
themselves
can
apply
for
a
PPP
loan
because
their
own
business
they've
been
affected
as
the
sole
proprietor,
so
they
can
apply.
You
know
to
to
cover
some
of
their
own
related
expenses
on
that
so
you're
right,
the
contractors
are
excluded,
but
the
sole
proprietors
are
eligible
to
apply
on
on
their
own,
so
they
could
get
a
PPP
loan
to
cover
some
of
their
own
loss
of
income.
V
I
F
So
I'm,
looking
at
the
participant
list,
and
typically
someone
with
a
raised
hand
in
there,
would
would
have
click
that
but
I
don't
see
any
I'm,
also
looking
at
the
screens
to
see
if
anybody
is
physically
raising
their
hand
and
I,
don't
see
any
of
that
look.
Michels
raising
her
hand
all
right,
I,
wanna,
say.
F
W
Guys,
thank
you
I
guess.
I
did
just
want
to
clarify
so
I've,
pretty
much
applied
for
everything.
I.
Think
at
this
point
and
I
was
kind
of
waiting
on
the
pandemic
employment
unemployment
to
drop
as
well.
I
guess
I'm,
just
not
super
clear
on
like
what
order
to
do
things
if
they
come
really
and
if
I
should
still
even
be
applying
for
pandemic
unemployment,
because
I
understand
I
can't
really
draw
that
and
be
eligible
for
maybe
the
PPP
for
anything.
Maybe.
T
W
I
Yeah
I
mean
Michelle
nice
to
hear
from
you
guys,
hi
I,
think
in
your
case,
it's
not
going
to
hurt
to
apply
for
everything
that's
available
to
you
because,
let's
say
the
PPP
process
that
one
tends
to
work
much
quicker,
but
even
if
you're
awarded
in
ID
alone,
you
have
the
ability
to
turn
it
down.
So
you
want
to
just
because
they
offer
it
you're
not
required
to
take
it,
and
that
process
in
and
of
itself
takes
so
much
longer
that
we're
saying
you
may
as
well
apply
for
the
PPP.
I
If
you
can,
because
you're
going
to
get
an
answer
on
that
much
quicker
and
if
it
isn't
available
you're
already
in
the
queue
for
an
ID
alone,
realizing
that,
even
if
you
get
the
PPP
and
then
they
offer
the
idol
just
turn
the
idol
down
and
no
harm
no
foul.
The
other
thing
is
even
if
you
turn,
if
you
turn
down
the
idol,
you're
still
eligible
to
come
before
the
time
frame,
ends
and
say:
okay
now,
I'd
like
I
need
this
now
can
I
accept
it.
I
I
W
I
W
The
application
was
in
mid
application
when
my
lender
inform
me
that
the
funds
had
run
out,
so
it's
in
the
queue
basically
and
then
like.
Would
you
say
it's
a
good
idea
to
like
not
the
pandemic?
Unemployment
has
dropped
yet,
but
in
the
meantime,
since
there's
still
such
a
like
wait
period
like
if
we
were
to
get
unemployment,
could
we
draw
unemployment
until
some
of
the
other
funding
comes
in?
Yes,.
I
F
J
Yeah
so
Jane
kind
of
covered
this
too.
So
just
for
the
Arts
folks,
we
will
be
issuing
a
new
grant
program
that
will
start
accepting
applications
next
week.
So
we
have
we're
partnering
with
the
Bloomington
Urban
Enterprise
Association
and
the
BAC
are
doing
a
joint
kind
of
Rapid
Response
grant
that
we'll
be
distributing
about
$80,000
out
into
the
community
to
various
arts
and
culture
nonprofits
if
you
qualify
so
be
on
the
lookout,
I
included
my
email
in
the
chat
box.
F
D
I
have
one
quick
question:
I
also
am
a
business
owner
sole
proprietor
and
I
have
obviously
all
these
independent
contractors
who
are
regular
people
I
think
we've
covered
most
of
that.
The
answers
to
those
questions
but
doing
the
PPP
loan
then
now
they've
added
all
these
new
instructions
for
sole
proprietors,
but
it
still
asks
you.
You
know
how
many
employees
is
this
loan
for?
What
is
this?
You
know
how
many
jobs
are
being
covered
by.
I
D
And
then,
in
addition
to
that,
I
applied
for
the
e
idea
alone
at
the
very
beginning
and
I
did
get
funding
from
that.
But
I
got
like
a
teeny
teeny
fraction,
I
mean
I
got
a
thousand
dollar
payment
from
them,
which
I
don't
know.
If
that's
the
that's
the
paycheck
advance,
you
know
if
that
was
the
emergency
advance
money,
and
so
I've
included
that
thousand
dollars
on
my
PPP
application,
because
you
know
to
avoid
double
dipping
so
to
speak,
but
is
that
the
I
mean?
Is
that
the
correct
way
to
do
that
to
include
that?
I
I
I
You
don't
necessarily
know
yet
and
that's
you
know
what
by
getting
the
thousand
dollars,
it
means
ok.
Yes,
they
process
your
loan.
They
view
you
as
eligible
so
they're
kicking
this
out
there
while
they
continue
to
process
the
rest
of
the
loan
and
come
back
with
a
remaining
offer.
If
there
isn't
so
you,
you
could
still
get
additional
funds
if
you
included
other
things
in
part
of
your
idle
application.
So
it
does
not
necessarily
mean
you're
only
getting
about
good.
I
D
F
B
C
F
C
F
F
I'm
gonna
send
an
email
here
to
everyone,
so
I'm
putting
in
at
a
chat
right
now,
I
kind
of
could
see
it
for
me,
Alex
Crowley,
and
you
should
see
it
as
the
link
to
the
lenders
breakout
room.
You
see
that,
yes,
so
why
don't
you
copy
that
link
Brian?
What's
the
best
way
for
it?
For
for
him
to
get
to
the
lender,
break
room.
A
E
A
F
F
Okay,
why
don't
we?
Why
don't
we
wrap
this
up?
Thank
you,
Brian
for
pulling
it
all
together
for
and
and
everybody
who
showed
on
the
CDFI
side
on
the
lender
side
and
folks
from
all
over
the
community
appreciate
you
all
to
you
know,
participate
and
they're
a
bunch
of
contacts
in
the
chat
room.
So
if
you
want
to
scroll
through
that
before
you
leave
the
meeting
and
pull
anything
down
that
you
need
to
Brian,
do
you
know
offhand
or
Jane?
A
Yeah
I
think
you
can.
You
can
download
the
the
chat
history
and
the
other
thing
I've
just
put
in
there
is,
if
you
in
again
this
is
voluntary.
It's
on
mandatory.
If
you
want
PDFs
of
the
Small
Business
Administration
resources,
the
links
to
the
context
and
the
lenders
that
you
heard
from
today,
just
email
us,
either
at
the
CDFI
friendly
email,
I,
put
in
the
chat
or
at
economic
vitality
content.
That
I
am
that
gob
also
in
the
chat,
and
we
will
send
you
suite
of
resources
that
we've
compiled
for
attendees
of
this
video.
A
I
think
that's
good
for
any
folks
who
have
questions.
You've
got
all
our
contact
info.
You've
got
the
links
to
apply
and
I
think
if
there
was
one
message,
it's
that
you
can
apply
to
all
these
programs
and
you
definitely
should
you're
not
locked
into
anything.
You
could
apply
it,
get
the
award
and
then
decide
you
don't
need
it,
but
it's
definitely
worth
applying.
So
thanks
for
your
time,
and
please
continue
to
give
us
feedback
about
how
we
can
be
of
service
and
thank
you
so
much
good
luck.