Sunil my company is down 50%.....first layoffs in the history of company. Heard from our banker today and she said the emergency corona small business loans are a no-brainer. The banker stated that if you use the loan money for payroll some or all of it is likely to be forgiven...and any payback would be at an extremely low rate. We will look into it further, but will probably take the SBA loan so we can preserve some cash reserves for the funds needed to start back up when this panic is over.
A former employee had Corona. She was not hospitalized...had high temperature and diarrhea. She stayed in a separate bedroom from her husband and he would leave her food at the bedroom door. I just spoke with her and she is doing much better. She said it was basically like a bad case of the flu. She said they want to retest her next week. Her sister in Alabama also got it and is older and had a much rougher go. The link below is a news interview with her sister.
