Peter Radizeski is Founder and President of RAD-INFO INC. He is an accomplished blogalyst, speaker, author and consultant. He has helped many service providers with sales training, marketing, channel development and business strategy. He is a trusted source of knowledge about the telecom sector. His honest and direct approach make him a refreshing speaker.

Look for his innovative ideas and analysis of current technology on his blogs.

Meet him at one of the many conferences he attends and speaks at.

Hire RAD-INFO today!

PPP Loan Forgiveness

FYI… from my SBA bank on PPP Loan Forgiveness. (I have not been invited to apply for Forgiveness yet).

To give yourself a head start to the forgiveness process, these are the required documents:

  • Payroll Report and Confirmation of Payments made for the Covered Period and Reference Period
  • Lease Agreement and Rent Receipts for the Covered Period
  • Utility Invoices and Paid Receipts for the Covered Period 
  • Mortgage Agreement and Mortgage Interest Statements for the Covered Period 
  • Bank Statements Covering the Covered Period 
  • 2019 Filed Business Tax Return 
  • Other Related Expenses for the Covered Period 
 Your forgiveness application is not due until 10 months after the end of the Covered Period you select (either 8 weeks or 24 weeks from initial loan disbursement).

You can submit your forgiveness application and supporting documentation in our Forgiveness Portal. 

Employers: If you applied for your PPP loan with a Form 940, 941, 944, or W-2.,
You may be eligible for full forgiveness if: 
  • The entire loan is used for qualifying costs: 
  • At least 60% is used for payroll 
  • And the rest is used for business rent, business utilities, or mortgage interest on a business property 
  • You either do not lay off employees or if you do, rehire them by December 31, 2020. 
  • For your employees who make less than $100,000 a year, you either do not cut their wages by more than 25% or if you do, you restore their original wages by December 31, 2020. 
  • Note: If you received an EIDL Advance, the amount of that EIDL Advance will be deducted from your total forgiveness amount.

How to Help Your Clients

I know things are crazy right now. I hope you are safe. They are crazy for your customers too. But they need tech to help them through this – and you are the tech expert! Do you want to help your clients?

Are you helping them with WFH (work from home)?

Are you offering endpoint security since phishing and malware attacks are up?

Are you offering backup in case of ransomware?

Are you offering video surveillance since their stores, offices, warehouse, supplies are empty and unoccupied?

Can you offer ways to make the office or workplace COVID19 friendly like with Ring or other video doorbell, speaker boxes, remote door locks, etc?

Did you ask them if they have any servers in the office? Move them to the cloud or colo.

Do they have paper files at the office that no one can access now? That is a document management project!

Selling these things is not taking advantage – it is looking out for…

SBA 7(a) Loan info

Gathered some info for SBA loans. No ieda how much of it will apply to the PPP loan program that starts tomorrow.

The CARE Act of 2020 included Paycheck Protection Program (PPP), an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

Which banks are ready (as of 4/2/2020) HERE

The application form is here on the PPP site.

Types of 7(a) loans by SBA (and info on the collateral and terms). You have to apply with an approved lender. Ask your business banker!

SBA 7(a) Working Capital or Debt Consolidation Loans from $30,000 to $350,000 from Smartbiz includes fees, eligibility and rates. Generally speaking, SBA loan credit score minimums typically fall somewhere around 620-640+.

What do you need to apply for an SBA loan? see the list here

Guide to apply for SBA loans.

SBA Loan Fees:
The SBA charges a guarantee fee. For loans between $500,000 – $700,000, there is a 3% guarantee fee or 2.25% of the loan amount paid to the SBA. For loans of $700,001 to $5,000,000 the fee is 3.5% of the guaranteed portion up to $1,000,000 plus 3.75% of the guaranteed portion over $1,000,000.

I started my app here

Some Helpful Reading During COVID-19

One NJ ISP’s response to the COVID-19 situation: Planet.net

Some info on SBA Small Business Loans via channele2e

Some scientific links on COVID19 including dashboards and blogs from experts.

Are you offering a Remote Work Toolkit? C Spire is.

Are you helping people work from home with tips, tools and maybe even a Q&A Hotline?

Are you letting your community know that you can help them with distance learning, remote work, etc.?

What the Newly Passed Families First Coronavirus Response Act Means for You… INC Magazine

The New Universal Service Fund for Rural Broadband

The Connect America Fund (CAF) is part of USF. There was CAF I & II. Now the FCC is calling the new 10 year fund RDOF. Learn about it HERE.

The FCC has authorized full commercial deployment in the CBRS band, thereby opening the band for use in mobile and fixed wireless networks, including private networks that will offer an alternative to enterprise Wi-Fi. CBRS is 3550 and 3700 MHz – or 3.5 GHz to 3.7 GHz

CommScope, Federated Wireless, Google, and Sony have been designated Spectrum Access System administrators in the 3.55-3.7Ghz band.

The biggest CAF II winner was a WISP in Texas called Nextlink. They have been doing joint ventures (JVs) in order to grow the business (and meet the CAF II deployment milestones).

Nextlink joined the DISH Alliance Group in order to (1) offer video; (2) get marketing help for its broadband. Read more HERE

A decade of telecom stats by Doug.