Gigi Burris, a milliner and Glemaud’s fellow CVFF finalist, secured an Employee Retention Grant through the Put the fun between your legs mountain biking vintage shirt Additionally,I will love this city of New York to help her make payroll, in March. She described an efficient process that took 48 hours from downloading the forms to seeing the funds in her account. But she hasn’t had the same success securing a PPP loan, the conditions of which changed midway through her application process. “Originally, you were allowed to include subcontractors,” Burris explains. “I had quite a few 1099s, so I was eligible for quite a bit of forgivable funds.” With subcontractors no longer allotted for, Burris would’ve received no more than $20,000. Still, she says, “when the news came out yesterday I was really heartbroken. I have an open application with Bank of America. I had counted on getting it. We’re not talking about a huge amount of money of the trillions available, but not getting it is going to change the course of my next six months.” She’s turned to private grants like A Common Thread, the CFDA/Vogue initiative that was created to provide micro grants to young designers and small brands in economic distress due to the COVID-19 pandemic.
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Rachel Comey, who has stores in New York and Los Angeles, has applied for five loans, but has been approved for just one so far, from PayPal. “We got approved in one hour, that one was easy,” she says. The rest? Not so much. “My main bank hasn’t even opened its PPP application process yet,” she says. “The PPP loan is the Put the fun between your legs mountain biking vintage shirt Additionally,I will love this one we all want, and it’s the one that got exhausted yesterday. I know a million people that have applied and I haven’t heard of anyone who’s gotten one yet. Everybody—we’ve all been making operational changes, talking to our landlords, pushing out deliveries, doing everything we can to pause and still hold onto our orders. But it seems like the banks aren’t organized enough to accept the applications.” She continues: “I don’t feel confident in the process at all. When the rescue aid was announced I did feel more optimistic. Help was coming, and it was based on real numbers. But we’ve been in a holding pattern these last couple weeks, I really don’t know what’s going to happen next.”