Sheltr9 Design + Build

Twilight snow at the sagamore project...ohio snow is hard to beat!

WOW!!!! Look at this gem! Our team would love to help you get into this amazing Mid Century modern home. Already have an agent, no problem have them give us a call to learn more about how we can help with the future renovation. This home has so much potential and SF for miles. With over a decade of experience we can provide the design and construction management services to ensure a worry free renovation! Agents feel free to call or email to find out how we can help your buyers!

2779 Fort Island Dr, Fairlawn, OH 44333 - 5 beds/2.5 baths (Yes-MLS) For Sale: 5 beds, 2.5 baths ∙ 3940 sq. ft. ∙ 2779 Fort Island Dr, Fairlawn, OH 44333 ∙ $345,000 ∙ MLS # 4252373 ∙ Welcome to 2779 Fort Island! Wow, this home has so much to offer ! The front double ...

Design #04 is coming along! Excited to be back at the drafting table.

So I have debated for weeks now on whether I should write this or not.... .But after downloading and skimming the entire CARES act the day it passed I feel I have to at least throw in my 2 cents... So it all started with this term "delegated Authority"...taken directly from the CARES act...

‘‘(ii) DELEGATED AUTHORITY.- IN GENERAL.—For purpose of making covered loans for the purposes described in clause a lender (ie Big Bank) approved to make loans under this subsection (the PPP sub section) shall be deemed to have been delegated authority by the Administrator to make and approve covered loans, subject to the provisions of
this paragraph."

What that little clause has lead to is eye opening.. Thanks to Eric Groves for the helping put words to it, see below:

The Truly Ugly:
JP Morgan Chase will receive over $200 million in loan processing fees for loans already approved. They did 27,000 loans at an average of $500,000 per loan. Whereas the 15th leading lender did over 40,000 loans at an average of $73,000 per loan and will make a modest $30 million in fees. Does that seem right to you?

Note: SBA doesn’t release the actual names of lenders and the fees they have generated… thinking they probably should)
Minority, Women, and Veteran Owned businesses get less loans approved than peers.

*******Solopreneurs, Independent Contractors, and Self Employed were kept from applying until the money was almost gone. (They only represent the largest segment of small businesses)
45% of the Relief Funds went to 4% of the businesses who applied all of whom have over 100 employees. (IMO these are not "small businesses")*****

The top 15 banks will pocket over $1 Billion in processing fees.

Congress approves giving these same banks more money with the same rules in place. ( what are you thinking)
It seems a little ironic states with the highest percent of businesses getting support (Montana, Wyoming, Mississippi, South Dakota, Arkansas, Nebraska, Maine, Oklahoma, Idaho, North Dakota) are the ones who are most vocal about limiting federal spending.
Washington DC is the worst place to be as a small business owner in terms of relief. You have the lowest percentage of payroll covered by CARES Act.

If you are stil reading check out all Eric Groves had to say here.

CARES Act: Will Small Businesses Ever See The Money They Need? Explore our latest rundown on how the CARES Act affected small business, including info on the second round of funding and how to reach out to Congress.

Hoping all of you are staying safe and healthy. Just wanted to send this update and let you know we are going to do the best we can to keep running as responsibly as we can per the guidelines established by the state of Ohio. We look forward to helping the community and each other through this challenging time. To all the small businesses out there, STICK IN THERE!!!!!

What a great day ! Starting the morning with a great webinar and then found this, made the posts of !!!!! It's a small thing but I'm so very proud of the work we do and it feels good to have it out there in the world. Thanks to my very small but very mighty team for making every project so much fun.