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When will the bars and restaurants be back open in Washington State

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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,601 Founders Club
    July. Stimulus gives cover to Inslee, as long as Trump is touring reopening Jay will do the opposite. Trump should suggest a longer shutdown for reverse psychology.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 116,388 Founders Club
    Any thoughts on how to collect the stimulus tax money from unemployed America? So we? can send some back to unemployed America?
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,601 Founders Club
    RaceBannon said:

    Any thoughts on how to collect the stimulus tax money from unemployed America? So we? can send some back to unemployed America?

    No.

    Seriously though if you are running a business with a month of fixed costs in working capital you weren’t long for this world anyways.
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  • Sledog
    Sledog Member Posts: 38,960 Standard Supporter
    I understand the stimulus has quite a bit of money and a well set up system for applying and many have applied.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 116,388 Founders Club
    Bob_C said:

    RaceBannon said:

    Any thoughts on how to collect the stimulus tax money from unemployed America? So we? can send some back to unemployed America?

    No.

    Seriously though if you are running a business with a month of fixed costs in working capital you weren’t long for this world anyways.
    I'm not that concerned about business owners at this time

    We're too small to get any real graft from the treasury. Not too small to pay it though

    Its past we're fucked time for a lot of folks that lost their job and live paycheck to paycheck

    I was being semi sarcastic about the idea that we'll just write checks and never mind that we fucked you raw
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  • PurpleThrobber
    PurpleThrobber Member Posts: 49,019 Standard Supporter
    edited April 2020
    Bob_C said:

    RaceBannon said:

    Any thoughts on how to collect the stimulus tax money from unemployed America? So we? can send some back to unemployed America?

    No.

    Seriously though if you are running a business with a month of fixed costs in working capital you weren’t long for this world anyways.
    Maybe - don't quite agree with that as a blanket statement. But, if that's the case, there better be a healthy RLOC or some other credit facility to finance the Days in AP vs. the Days in AR.

    The issue is going to be covenants are going to start getting busted the longer this goes on and eligible A/R starts getting stinky. Though, with stimulus money and historic low rates, if there ever was a time to lever up, this is it.

    I'm doing some stuff with a pre-rev company right now, fully funded - they could essentially go in and get 8 weeks of free payroll.

    My brother @creepycoug -ever think of getting into the toxic financing game? It's going to be a feeding frenzy for those cats soon enough.





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