[arrl-odv:30226] PPP Loan Update
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED "CONFIDENTIAL", FOR BOARD ONLY. Good afternoon: This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds. This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton's time and patience to shepherd this through the process to get us to this result. I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are "worthy" of receiving these funds, even if all requirements have been met. In short, I'm not going to make this a story on the ARRL web site as I don't want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then. Diane and I are available to answer any questions if we are able. 73, Barry, N1VXY
Thanks Diane! Also, thanks to you, too, Barry, and Staff that assisted. 73Rick - K5UR -----Original Message----- From: Shelley, Barry, N1VXY (CEO) <bshelley@arrl.org> To: arrl-odv <arrl-odv@arrl.org> Sent: Thu, Apr 30, 2020 12:51 pm Subject: [arrl-odv:30226] PPP Loan Update <!--#yiv1744694088 _filtered {} _filtered {}#yiv1744694088 #yiv1744694088 p.yiv1744694088MsoNormal, #yiv1744694088 li.yiv1744694088MsoNormal, #yiv1744694088 div.yiv1744694088MsoNormal {margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri", sans-serif;}#yiv1744694088 a:link, #yiv1744694088 span.yiv1744694088MsoHyperlink {color:#0563C1;text-decoration:underline;}#yiv1744694088 a:visited, #yiv1744694088 span.yiv1744694088MsoHyperlinkFollowed {color:#954F72;text-decoration:underline;}#yiv1744694088 span.yiv1744694088EmailStyle17 {font-family:"Arial", sans-serif;color:windowtext;font-weight:normal;font-style:normal;}#yiv1744694088 .yiv1744694088MsoChpDefault {font-family:"Calibri", sans-serif;} _filtered {}#yiv1744694088 div.yiv1744694088WordSection1 {}-->THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY. Good afternoon: This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds. This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result. I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then. Diane and I are available to answer any questions if we are able. 73, Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Thank you Diane for getting this done. 73 Ria N2RJ On Thu, Apr 30, 2020 at 1:51 PM Shelley, Barry, N1VXY (CEO) < bshelley@arrl.org> wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73,
Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Great news Barry. Good job by you and Diane and anyone else involved in the process. 73, Rod Amateur Radio W6ROD ARRL Int’l Affairs Vice President
On Apr 30, 2020, at 10:51 AM, Shelley, Barry, N1VXY (CEO) <bshelley@arrl.org> wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73, Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
I agree whole herartedly. Bill,W2UDT
On April 30, 2020 at 2:24 PM Rod Stafford <w6rod@comcast.net> wrote:
Great news Barry. Good job by you and Diane and anyone else involved in the process. 73, Rod
Amateur Radio W6ROD ARRL Int’l Affairs Vice President
> > On Apr 30, 2020, at 10:51 AM, Shelley, Barry, N1VXY (CEO) <bshelley@arrl.org> wrote:
>
> >
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73,
Barry, N1VXY
_______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
> _______________________________________________
arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Although most public information on the PPP included this information, what I didn't add to this earlier message was, under certain circumstances with which we fully intend to comply, up to 100% of this loan can be forgiven. The interest rate until it is forgiven, or repaid if that is the case (not ours) is 1% per annum. 73, Barry, N1VXY From: arrl-odv <arrl-odv-bounces@reflector.arrl.org> On Behalf Of Shelley, Barry, N1VXY (CEO) Sent: Thursday, April 30, 2020 1:52 PM To: arrl-odv <arrl-odv@arrl.org> Subject: [arrl-odv:30226] PPP Loan Update THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED "CONFIDENTIAL", FOR BOARD ONLY. Good afternoon: This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds. This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton's time and patience to shepherd this through the process to get us to this result. I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are "worthy" of receiving these funds, even if all requirements have been met. In short, I'm not going to make this a story on the ARRL web site as I don't want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then. Diane and I are available to answer any questions if we are able. 73, Barry, N1VXY
I’ve been through the PPP application process for two small businesses that I own. One is funded and the other is pending. It was confusing, frustrating, and lacking any clarity. I applaud both you and Diane for your perseverance.
On Apr 30, 2020, at 10:51 AM, Shelley, Barry, N1VXY (CEO) <bshelley@arrl.org> wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73, Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org <mailto:arrl-odv@reflector.arrl.org> https://reflector.arrl.org/mailman/listinfo/arrl-odv <https://reflector.arrl.org/mailman/listinfo/arrl-odv> -Kristen (K6WX)
"Your eyes ... it's a day's work just looking into them" Laurie Anderson (--... ...-- -.. . -.- -.... .-- -..-)
I agree, and kudos! Congratulations to Barry, Diane and the entire ARRL staff for the tireless work you all are doing to keep the ARRL moving along. PS: It isn't very often that the US government gives us something back. ;-) 73; Mike W7VO
On April 30, 2020 at 12:30 PM Kristen McIntyre <kristen@alum.mit.edu> wrote:
I’ve been through the PPP application process for two small businesses that I own. One is funded and the other is pending. It was confusing, frustrating, and lacking any clarity. I applaud both you and Diane for your perseverance.
> > On Apr 30, 2020, at 10:51 AM, Shelley, Barry, N1VXY (CEO) < bshelley@arrl.org mailto:bshelley@arrl.org > wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73, Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org mailto:arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
>
-Kristen (K6WX)
"Your eyes ... it's a day's work just looking into them" Laurie Anderson
(--... ...-- -.. . -.- -.... .-- -..-)
_______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Barry, Thank you and Diane for navigating through this process. It is much appreciated. 73 David A. Norris, K5UZ Director, Delta Division Sent from my iPhone
On Apr 30, 2020, at 12:51 PM, Shelley, Barry, N1VXY (CEO) <bshelley@arrl.org> wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73, Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Excellent Job Diane, Barry, and the staff that helped you. Please know that I'm very thankful we have such capable leadership at ARRL. Best 73's, Rod, K0DAS On Thu, Apr 30, 2020 at 12:51 PM Shelley, Barry, N1VXY (CEO) < bshelley@arrl.org> wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73,
Barry, N1VXY _______________________________________________ arrl-odv mailing list arrl-odv@reflector.arrl.org https://reflector.arrl.org/mailman/listinfo/arrl-odv
Congratulations, Barry. Nice work. 73, Art K0AIZ On 4/30/2020 12:51 PM, Shelley, Barry, N1VXY (CEO) wrote:
THE INFORMATION THAT FOLLOWS SHOULD BE CONDSIDERED “CONFIDENTIAL”, FOR BOARD ONLY.
Good afternoon:
This morning we received an email from the loan processor that the ARRL application for an SBA Payroll Protection Program (PPP) loan has been accepted. The loan amount, calculated by formula, is $1,048,000. We are awaiting the loan documents to review and sign and will do this as quickly as possible once they are in our possession. Once that is completed we expect to receive the funds.
This widely publicized program, which was recently re-funded by Congress, was fraught with confusion and frustration, not surprising for a law that was a bit of a political football and was passed without a lot of detailed guidance. It took hours and hours of Diane Middleton’s time and patience to shepherd this through the process to get us to this result.
I strongly urge that this be treated as confidential financial information because, as you are aware, there are many people who think they are better suited to decide which companies are “worthy” of receiving these funds, even if all requirements have been met. In short, I’m not going to make this a story on the ARRL web site as I don’t want this to become a talking point on social media. It will likely be disclosed eventually in our audited financial statements for the year but hopefully, this situation and its ramifications will have cooled off somewhat by then.
Diane and I are available to answer any questions if we are able.
73,
Barry, N1VXY
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participants (11)
-
Arthur I. Zygielbaum -
David Norris -
James Tiemstra -
k5ur＠aol.com -
Kristen McIntyre -
Michael Ritz -
rjairam＠gmail.com -
Rod Blocksome -
Rod Stafford -
Shelley, Barry, N1VXY (CEO) -
WILLIAM HUDZIK