ABA Weekly Chat Notes

​I was just on the weekly ABA bookseller call and had a few key points I wanted to amplify. 

If you plan on applying for the Economic Industry Disaster Loan please do so right away. The funding is first come first serve and it is going fast. They are $10,000. Here is a link to the application: https://www.sba.gov/page/disaster-loan-applications

Here is a link to the Paycheck Protection Program Application Form:
https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf

Please note: Only 25% of the PPP can be used for non-payroll

Schuler Books in Michigan has been doing one on one FaceTime bookselling with customers which has been working well for them and sounds wonderful. 

There is an ABA meeting next Thursday at 11am about Virtual Events

Several bookstores have been using Crowdcast for virtual events.
https://www.crowdcast.io/

Independent Bookstore Day Moves to August 29
https://www.bookweb.org/news/independent-bookstore-day-moves-august-29-576795

James Patterson Announces $500,000 Donation and Campaign to Help Save Independent Bookstores Across the U.S.
https://www.saveindiebookstores.com/

Here’s the documentation needed for the Economic Injury Disaster Loan:

Here’s the documentation needed for the Economic Injury Disaster Loan:

·
Gross revenues for
the 12 months prior to January 31, 2020;

·
cost of goods sold
for 12 months prior to January 31, 2020; corporate name, ID number, and social
security numbers for all owners;

·
the date the
business was established;

·
how long the current
owner has been there; names, address, phone numbers, and social security
numbers for all owners;

·
the number of
employees as of January 31, 2020; and bank name, account number, and routing
number.

https://www.sba.gov/page/disaster-loan-applications