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Jack Madden
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03-31-2020, 09:48 PM

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Originally Posted by Hits 'em Hard View Post
If everything goes smoothly, there shall be no evictions allowed during this downtime. And as such, most banks will be easing payments for properties affected by the mandated closures.

No the sky is not falling.
If they don’t go broke, I think people will be so glad to be OUT OF THE HOUSE that the FREEDOM of seeing people, playing with people, etc. will carryover long enough for rooms to continue. But don’t have a crystal ball about this so..... hope I am right. It is a beautiful addicting game.


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03-31-2020, 10:03 PM

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Originally Posted by TATE View Post
May as well apply for the SBA relief now. There is a 10K quickie loan and another 25K package as well. I have no clue how long it will take them to respond.

https://www.sba.gov/

Soon, your local bank will have another SBA package you should be eligible for which will grant loan relief for some expenses. Also, you may be eligible for unemployment even if your're self-employed now.
They are fast-tracking it. The 10k should be in your bank within 3 days and then they will get together with you and try to figure out how much you need.

One of the programs is payroll for 8 weeks - which is mostly forgiven if you keep everyone on the payroll, you have to pay the interest though - and up to 2.5x payroll for other expenses (mortgage, rent, utilities, etc...)

The program is evolving as more information becomes available. If you have a bank that you work with you can go through them. Watch out for people who want to charge you to help you apply.

I'm not a lawyer or accountant but I am going through the process so I have been researching it.


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04-01-2020, 04:51 PM

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Originally Posted by Bob Jewett View Post
Those who think pool players have it hard today should read McGoorty to see how he got through the 1930s. The joke headline was, "Pool Hall Burns Down, Hundreds Homeless".
Bob, Here below is the photo they ran with the contemporary story describing the actual incident of the near-tragic fire that eventually was given a wisecrack spin by a New York columnist. Taken during the 1930s Depression it was captioned as:

"New York firemen taking a pool playing break after extinguishing a Manhattan pool room fire"
.Name:  NYC 1930s firemen play pool after pool room fire.jpg
Views: 181
Size:  97.1 KB
More than a few such pool room fires around the country were "belt-outs" (New York-ese for owner-hired "insurance money" arson jobs.) Monthly income for some room owners had radically diminished during those ultra-lean years.

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04-01-2020, 06:33 PM

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Originally Posted by Bavafongoul View Post
The players that return to the pool room could be asymptomatic and bring COVID into the pool room.
Technically the virus is SARS-CoV-2 while the disease is Covid19.
  
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04-02-2020, 06:01 AM

Our only pool hall shutdown a while back, sure do miss it.

Last edited by Maxx; 04-02-2020 at 06:09 AM. Reason: Sp
  
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04-02-2020, 08:37 AM

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Originally Posted by trinacria View Post
its the slumlords type property owners who wont give them a chance during this time, they have no interst in covid19 or what it does to business and money, and they rather have it closed than let someone not pay even when closed by government rules. I knew this woman in manhattan, she kept an apartment closed in the upper east side for 3 years than give it less than 15K a month in rent. so she forwent couple hundred K in rent money income. who knows how they think. lets hope its not terrible
And that is why reasonable landlords will forgive some rent because they want their tenants to survive. It's better to lose a few months rent than lose a long standing tenant who has been paying their bills. If you have empty space in a dying economy, it's going to empty for a long time.
  
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04-02-2020, 01:20 PM

we will be lucky if it doesn't throw us into a depression

f the poolrooms
  
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