 Welcome to the Massachusetts Gaming Commission's second webinar and this is a special update with the US Small Business Association Massachusetts District Office. With us today are Robert Nelson, District Director and Nadine Boone, Assistant District Director for Business Development. We are so pleased that you have joined us today. These webinars are part of a package intended to support and provide assistance to casino and horse racing vendors, small businesses affected by the COVID-19 health and economic crisis. We have also engaged small business technical assistance providers, Franklin County CDC and the local Enterprise Assistance Fund LEAF to provide assistance in any way they can. But today the SBA is here to provide information on financing and technical assistance programs and updates regarding the CARES Act. And this couldn't have been more timely. We understand that today the President just signed a $500 billion corona relief bill targeting small businesses and hospitals. So I'm looking forward to hearing more about that. But before I introduce our featured speakers I'd like to turn this over to Commissioner Bruce Stebbins. Thank you Jill. On behalf of the Massachusetts Gaming Commission team and my fellow commissioners I want to thank everybody for joining us. To our small business leaders who are listening in, the MGC shares its sympathy as you face so many different challenges at this time. We know that you remain concerned about your employees, your business, and your family. The Commission is happy to host this webinar and others to offer whatever support we can during this crisis and wish you the best as we all work to get through this. To our partners and our collaborators at the SBA, thank you for your time to join us today. All of us can appreciate how busy you all are. I want to thank the SBA for their assistance to the Commission and this goes back to the real formative days of the Commission. They have been there, Bob and his team, to support the Commission in so many different ways over the years. So we express our thanks for that tremendous amount of work you did with us in the early days of the Commission. But with that I will hand it back to Jill and she can introduce our guests. So I'm going to turn the mic over to Bob Nelson who's our district director of our Massachusetts SBA district office. He holds over 25 years of federal experience, 20 with SBA, and he has some significant experience in banking and lending that is too long to describe. But stuff is to say he has the experience and credibility for this job. And before I turn it over to him, he's going to present and give an overview with his colleague Nadine Boone and then we'll have time for questions and answers. I ask that at that time you go to the chat function on the bottom of your screen and submit your questions and we'll make sure that they're answered. So without further ado, Mr. Nelson. Great. Please call me Bob and but thank you Jill for holding this meeting and Commissioner Stevens appreciate the partnership and as you mentioned you know we've been working together for a long long time and you know appreciate what you do to support small businesses in the community. It's extremely important but we value what you do to help the SBA into support SBA in small business. So I'm very pleased that I have Nadine Boone with me today. So Nadine leads our economic development efforts and also our business opportunity efforts, government contracting and our certification program. So what I wanted to do is just to go over some of the stats as far as PPP-1, I'll call it, and to talk about economic injury loans and the advanced grants but then also to touch on the bill that was just signed and we're all going to be learning more as far as the implementation of that legislation and what's going to happen there. But let me start by just talking about the PPP-1 that became available through the CARES Act and what people should know is that in Massachusetts it really was a Herculean effort and there were just about 47,000 approvals for 10.3 billion dollars. So I really want you to think of this and so this is 47,000 small businesses that are getting capital through our lenders and so that they can meet payroll to keep employees on the payroll to bring employees back on the payroll but the PPP loan also allows them to use 25% of the loan for mortgage interest, for rent payments, for utility payments, but the PPP has been a hugely successful program not only here in Massachusetts but across the country. When you look at nationally there were over 1.6 million approvals for just about the 350 billion dollars which was in that original CARES Act funding for PPP and just about 5,000 lenders nationwide participated in that. But if you look at Massachusetts as far as the lenders that did loans under PPP for Massachusetts small businesses it's roughly 450 different lenders. So we had participation from small banks, from community banks, regional banks, large banks, but when you look at 450 lenders many of them are from across the United States that obviously have relationships with our Massachusetts small businesses and they were able to successfully apply for the PPP loan with the SBA on behalf of those small businesses. So with PPP it's a loan program that is administered and small businesses apply with an SBA lender. The lender reviews the small businesses payroll calculations it's intended to be a pretty quick easy application on the part of the small business and on the part of the lender and with the PPP loan program there are no personal guarantees there's no collateral required SBA does provide the lender with a 100% guarantee in order to give them the incentive to make these loans and to process them for us and again I just applaud the work on the part of our lenders to get you know 47,000 approvals for Massachusetts small businesses and what SBA has advised the banks that they need to do is to close and to fund those loans within 10 days of the approval so you know we're now you know a little bit more than a week since the PPP ran out of money and so I know that many of these small businesses have received the money in their accounts and the loans have been closed they continue to get closed and you know so this is the bright light at the end of the tunnel where these small businesses are getting cash that they desperately need in order to you know this is a short-term shot in the arm for eight weeks of payroll costs and you know 25% of associated expenses but the long-term disaster recovery is through our economic injury disaster loan program so I'd like to share some some quick data with you on economic injury loans so unlike the PPP program where again the application is with a lender once the lender reviews the applicants payroll costs and the documentation to support it they submit the application to SBA electronically they get an instantaneous approval from us and it's assigned a loan number and funds are reserved against the appropriations so I do know that on the PPP there are many lenders who had applications in-house that they were not able to submit them successfully to SBA before last Thursday at 10 o'clock when the funds ran out so I know that a lot of lenders are sitting on a lot of applications waiting for the green light with the passage of this new bill so that they can submit those applications to try to help those small businesses so they they aren't shut out a second time with PPP one of the the stats that I know people are interested in is 74% of the loans under the PPP one were for loans under 150,000 so it really does point to the fact that a lot of small businesses did get money under PPP and it's expected that you know we're going to continue to help small businesses in smaller small businesses with this new funding that was just signed but on the economic injury loan so small businesses up till last Thursday they were applying at SBA dot gov slash disaster and as a result of the CARES Act a advanced grant of up to ten thousand dollars was made available so for businesses that applied prior to March 30th we asked them to go back in under the streamline method to reapply to request that advanced grant of up to ten thousand dollars SBA made the determination that it would calculate it at one thousand dollars per employee up to the ten thousand max in order to be able to help as many small businesses across the country as possible so under the advanced grants in Massachusetts we did sixteen thousand five hundred in round numbers for seventy six million dollars again this is grant money that does not have to be repaid so we did very well when we came compared Massachusetts to other states across the country and so it certainly is a testament to the SBA staff which I think is the best in the country but SBA's partners our lenders are our community partners such as mass gaming and you know it it really is everyone is in this together trying to help our small businesses to get through this disaster and to recover so under the economic injury loan even though SBA disabled the application portal last Thursday SBA has continued to process economic injury loans on a first come first serve basis so this is direct money from the government it again people are getting things confused and there is so much information out there you know mixing PPP with economic injury again you know it's important to remember that PPP is applied for with an SBA lender and we have approved many many new lenders not only in Massachusetts but across the country in order to be able to help as many small businesses as possible but under the economic injury loan this is as of April 20th we had done 509 for 103 million dollars I know over the last several days there have been approximately a hundred economic injury loans approved per day SBA has really gotten the technology up to speed so that we can process these things very quickly I know that we have millions of applications that have been received by SBA we're trying to work through that backlog as soon as possible but you know so people that have applied who may not have received an answer yet I do know I've received so many emails from folks when they got their advanced grants and how happy they were you know whether it was a couple thousand bucks or the full $10,000 this is money that businesses absolutely need and money through the economic injury loan the PPP loan program and our economic injury loan it is flowing to our small businesses you know which I'm sure is helping to reduce some of the stress on their part during this incredibly challenging time I can tell you that you know and I know my entire staff has been fielding phone calls and emails from small businesses you know when the funding ran out last Thursday we started getting lots of calls from small businesses some of them absolutely in tears and you know panicked as far as what's going to happen and it really stressed and challenged with this current environment as you can expect and as you wouldn't anticipate so very pleased that we have this new bill that was just signed by the president so under this new bill SBA is getting $310 billion for PPP of that $310 billion $60 billion is targeted for smaller credit unions in lenders so that they can work with businesses in the community in order to try to make sure that there's equal access and opportunity so we need to wait to see what SBA will come out with as far as the rules on implementation of this second bill that was just approved and how it will all be stood up and I know a lot of people are wondering when will small businesses be able to apply for a PPP with this second round of funding and senator Rubio put out a tweet earlier today that PPP would go live on Monday we haven't received guidance from the SBA administrator or the treasury secretary I know that the SBA administrator was on a town national town hall that started at two o'clock I was able to listen to about 20 minutes of that call before jumping on this so I'm not sure whether there were any announcements that she made that I might not be aware of but you need to trust that as soon as we get information we push it out through our email blast and I would suggest that everyone who isn't signed up for Massachusetts email updates to sign up at sba.gov slash updates you put in your email address your zip code if it's Massachusetts you're going to start getting our Massachusetts updates and that's how we're keeping businesses informed with the most current accurate information that we have but under this most recent bill in addition to the 310 billion for PPP SBA also got a 50 billion dollars for the economic injury disaster loan program based upon SBA subsidy model and the way that it works the 50 billion that we got under that actually translates into 350 billion dollars of new economic injury loans possible as a result of that funding so it really is a significant amount of money when you look at the the 310 billion and then the total amount that we're going to be able to do on the economic injury with 350 billion and we also got 10 billion for additional funds for the economic injury disaster loan advance I know people are wondering when sba.gov slash disaster will reopen so that folks can apply for an economic injury loan and to request in advance if they haven't done that yet and so this is something that we need to find out from the SBA and as soon as we know more on that we'll let you know but the the one of the big distinctions between economic injury loans and the PPP loan the application period for PPP only runs through June 30th the application period for economic injury loans actually goes out to December so depending on on how this disaster plays out and when the state reopens and you know people might not know the full extent of their economic injury what folks would be able to do is you know once the portal reopens you know apply for an economic injury loan if they do have an economic injury loan already but they've continued to suffer economic injury they'd be able to request an increase to their economic injury loan but the economic injury loan through sba is a long-term disaster recovery so when you put them together it really is a lifeline in order to help these small businesses to survive and recover I'll mention just one other quick thing before I turn it over to Nadine for some for some comments so under the original CARES Act sba was given some money which is called the sba debt relief program and under the debt relief program sba will be paying six months worth of payments on existing sba loans and that's our 7a guarantee program our 504 program our micro loan program I can tell you that Massachusetts is one of the most productive offices in the entire country in terms of sba approvals so the existing small sba small businesses out there sba is going to be paying six months worth of their payments this is a very significant economic stimulus for Massachusetts and a big benefit for our existing sba borrowers out there but under the debt relief program for businesses that apply for new sba loans up through a date in the middle of september they would also benefit from the six months worth of payments being made from the sba but but let me turn it over to Nadine she's on the phone but Nadine is absolutely one of our stars in the office and I'm so proud of the work that she does to help with our government contracting efforts and our economic development focus but Nadine let me turn it over to you so you can share some comments Nadine you there Nadine we can't hear you if you're talking I was just unmuted so I'm here can you hear me yes we can hear you yes perfect Bob you covered just about everything I thought I was going to get to cover debt relief but you covered just about everything but I do want to talk about is the sba assistant for small business Bob talked about all of the financial pieces there but leading up to those financial pieces there's a little preparation that needs to take place and I want to let you all know that our resource partners are certainly available to assist you in getting prepared for applying for the economic injury disaster loans our idle loans as well as the paycheck protection programs and our resource partners are for the service corps retired executives the massachusetts small business development centers and the center for women in enterprise a women business center which we call CWE said even while we are going through disaster assistance at a serious pace our access to capital for our 7a loan program it's still taking place so please keep that in mind thank god that there has been continuity in government contracting here in the office while we are going through disaster assistance and being able to assist the agencies who are looking for federal government contractors to do immediate disinfecting and cleaning and even those who are federal government certified contractors who are able to help with finding manufacturing or shipping TTE the personal protection equipment and so surely mass gaming commission you are a state level certification but over here at the small business administration we are a federal level certification for our small business owners and we have our women owned small businesses our small disadvantaged business slash 8a business development our service disabled veteran owned small business as well as hub zone hubz one for historically underutilized business zone so we need your vendors and our massachusetts small businesses to take a look at the address that their businesses are located and find out if they are in a hub zone historically underutilized business zone there is a map on the sda website that you are able to plug the address in to find out if you are they're often qualifying criteria it is a sda certification so it's a lengthy application process as well as the 8a business development and then the woman owned small business is going to have some changes coming up to that and that woman owned small business program as of sometime in june is going to start to be in a third party certifying process so if sda is going to certify the woman owned small business also just like the hub zone and the 8a business development and uh woman owned small business on this day is a self certification so when sda lets us know sda washington dc let us know whether a woman owned small business is certified or certified by a third party everybody is going to create have to create a new profile and the current SAM profiles and information in certified are not going to be transferable to the current platform so that every woman owned small business is going to need to be every certified woman owned small business and those that want to certify are going to need to go in and make some changes to their profile and um federal government is going to certainly be needing our small businesses that's what federal government contracting is all about you know um federal government has a target of 24 percent of all of its dollars going towards small businesses which comprise of those woman owned those small disadvantage the services they the veteran owned and the hub zone so if you fit in some of those categories you may want to look at federal government contracting also and um as bob said i can't reiterate it enough the paycheck protection program is an application through the bank when the small business administration opened that process back up to our bankers so you have the weekend small business owners to do a little bit of research at economic injury disaster loans it's through sda website then sometime online this weekend see take a look at the sda website subscribe to the sda website as bob had recommended at sda.gov forward slash update um take a look at what you may need to apply to sda take a look at treasuries website and take a look at what information you need to get prepared to apply for the ppt loans these dollars are going to go quickly again like they did the first time so we are trying to help our small business owners to know the rules of engagement so that you won't be left out of this process our most vulnerable small business owners um and some of our small offenders and so um i do want to reiterate the ppt through the bank either what you can i'm injury disaster loans is through sda website please do not mail applications to the district office here in boxers the district office is closed even on the sda website they do have the address in port worth texas and um i thought we're going to get ready to move to questions and answers and i saw one of the questions that have been provided about what is the best way to get relief where that's what we have been talking to you about through the sda website for the idle loan as well as through your local business bank for the ppt loans they are some of the best ways i cannot reiterate enough to please look towards your city and your state for local funding we're speaking to you from the federal level so make certain that you are looking towards your city and your state to see what local funding or resources they may have available for you also and with that we are going to move to questions and let's bob or bruce you have some stuff you want to add or jill um we do actually have a question um prior to the webinar someone submitted a question um if uh someone if a business has submitted um an application for a 30-year sda loan what's the best way to check on the progress of that loan so there is an email address which is uh disaster customer service at sba.gov there's also an 800 number you can call the customer service center if it is a relatively recent application i would suggest giving it some time rather than calling the call center and asking for a status update but if it is an application that has been out there for uh quite a long time it called the disaster 800 number request to speak with a tier two representative and they would be able to look up your application to find out where it is in the process i can tell you and as i mentioned earlier that there are millions of applications that sba has and you know so we are processing those on a first come first serve basis but uh the call center has ramped up significantly as far as the you know the call times i called the center myself several different times have not had to wait more than a couple minutes in order to get through to a live person requested to speak with a tier two representative that happened immediately and certainly was able to get some information on behalf of some small businesses that i wanted to find out where their application was uh in the process hey bob i have that 800 number in front of me yeah if you want to share it with folks definitely okay that um customer service number for those who may already be is 800 six five nine two nine five five great thank you so i i just want to reinforce what the dean was talking about as far as you know we heard from senator rubio that this would go live on monday we're waiting to find out uh if that is official from sba but uh for businesses that had an application in a bank we're not managing the bank's internal process um as far as their internal queues sba does not have any queues for ppp loans you heard me mention that once the bank has the complete application and they submit it to sba it is an instantaneous uh approval from the sba with an sba loan number but we're directing small businesses to check with the lender that they applied through to find out what the status is i would be checking with my lender to make sure that they have no questions on your application that they verified things and that uh your application is ready to go as soon as sba gives the green light so that they can submit the application to sba to get the approval again we do think that funds will go pretty quickly i know that there are lenders out there that have thousands of loans that have not been submitted to the sba that are in their own internal queues and you know so again i would be taking this time to to make sure if you have applied with the lender that they don't have any questions that it's in their process and ready to go but the way it works with sba on uh ppp uh if a small business is unhappy with the service that they've been getting from a lender they want to apply with a new lender if that new lender submits the application before the first lender that the small business was working with that second lender would get the approval there can be only one approval per applicant so you know if again if that lender uh did not submit the application uh and they're not providing you know answers to your questions certainly you can talk with a different lender and see whether they'll entertain your ppp application i do know that we have a number of small community banks and as you heard me mention there is a carve out under the 310 billion for smaller institutions so that they can help smaller small businesses and we need to find out how that's going to work but i i believe there might be a dozen different fintech companies national companies that are processing ppp loans so if you don't have a bank that you are working with and you're unsure where to go that you could explore an online application it's you know some of the names are uh into it paypal cabbage beam uh you know there there are a number of these and and so that's another possibility for you in order to get a ppp application in so uh so jill not sure if there are other questions there are a couple more questions that came in ahead of time i just wanted and i'm going to give you two that are about the timing that you may have covered how long does the ppp loan process take the application process approval and also the business indicates they've submitted an economic injury disaster loan several weeks to a month ago and haven't heard anything so it sounds like you may have covered it yeah so again on the ppp you know the small business applies with the lender it's it's basically covering eight weeks worth of payroll and you know mortgage interest in rent payments utility payments can be 25 percent of the loan but the small business is calculating what their average monthly payroll has been uh you multiply it by two and a half times that's the loan amount uh and uh so it really is a very streamlined process as far as the sba approval so it's an instantaneous approval from the sba once it is a completed application is submitted to us and then the bank needs to fund and disperse that loan within 10 days on economic injury loans we had always been sharing guidance that it could be up to 21 days for a decision by the sba i know in the beginning because massachusetts was one of the first states with a full state declaration that we were getting approvals much quicker than the 21 days but you know it's the entire country that came online with declarations after massachusetts did i know that there are folks that have had applications out there you know it's bumping up to the 21 days to the month that you heard me mention that sba has enhanced uh in streamlined its approval process on those loans and i've been seeing again approvals anywhere from 75 to 100 economic injury loans approved on a daily basis so for folks who are waiting for decisions on their economic injury loans i think within uh the coming week you're going to continue to see uh significant levels of eidl loan approvals and i know that uh idle advances are are still going out to people uh but folks need to you know remember and just be aware of the very very significant volumes that sba has received um may i add to that bomb please absolutely thank you so if i was talking about paycheck protection please keep in mind that um those funds are going to be someone asked how long it's going to be 10 days after the loan is approved um that monies are supposed to be used within eight weeks of your disbursement date bob is that correct not the loan approval date but disbursement day yeah so the eight week uh clock starts ticking at the time of initial disbursement and what the the big thing why the ppp is so attractive it has the potential to be 100 for given and uh so i can't stress that it's to bring employees back on that the business may have furloughed or let go for businesses that have not done that you know they use the ppp funds in order to maintain their payroll uh and you know so this is potentially a grant uh with a 100 percent forgivable feature the what the business needs to do uh and it's full-time headcount i know we're waiting for more detailed guidance on the forgivable features of it but the target is to get your employee levels back your full-time headcount back uh as of june 30th and so different questions that come up doesn't have to be the same employees say the employee doesn't want to come back to work it doesn't have to be the same employee you can you know bring on new employees you could actually pay them more as an incentive to get them come back and to uh to work with you other questions that come up is you're not an essential business the business is not technically open right now what is the employer to do with these employees it you know there's nothing in the law that says that the employee has to be doing any work what sba through the ppp is we want them off of unemployment on the business's payroll so that when we get the all clear that businesses can get back to work and open you know they're not basically a startup you know looking to you know find a workforce and so this program is intended so that when we do get the all clear you know they'll have their employees and they can get back to doing what they ordinarily do as far as running their small businesses and and helping to support communities so nadine i'm not sure whether i spoke too much but certainly add add your comments to that but i just want to say to the small business owners to make sure whatever that you are applying for that you keep all of your documentation very very clean because we are talking about a forgivable portion of the you know that the ppp could be a 100 percent forgivable loan for your employees up to ten million dollars at least that was the first round we don't know what the second round is going to look like and that's for each employee up to a hundred thousand dollars um annually with um this loan is a one percent interest rate with a two-year maturity so make sure your paperwork is really really clean so that you are not incurring additional debt and that this becomes a forgivable grant product for you if you are going to go this direction with your bank and on the economic injury disaster loans before the small business owners the interest rate is 3.75 percent and you get up to 30 years to pay that loan amount off so as bob has indicated the ppp program that is a short term loan you know we're talking about eight weeks and the economic injury disaster loan is a 30-year loan program economic injury disaster loan does not close application process does not close until the 30th of december 16th of december 2020 the ppp process closes on June 30th 2020 so you need to prioritize and get your ducks in a row again look at treasury's website and the disaster assistance look at fda's website and uh disaster assistance i mentioned resource partners that's local assistance which is score cwe msbdc they are here to help you we are here to help you so that's about all i have bob okay great so one thing i i know that uh rob williams from mass growth capital is on uh so hi rob and certainly appreciate what the folks at mgcc are doing so we really do want to make sure that all communities know about the programs and how to access them so with the help of mgcc they've actually translated the ppp application into 19 different languages the sba application has to be in english but for folks that are more comfortable in a language other than english they can look at the application in 19 different languages and then you know they'd be able to put the information onto the english application but it's it's just an effort on the part of mgcc in order to make sure that you know all communities know about these programs and how to access them so we appreciate the the work of larry and his team over at mgc i i have one more question regarding the new round of the cares act what will massachusetts portion of round two be and if a if a business has submitted an application already do they need to do anything else right so uh with the federal government there is no state specific allocation and i always look at it as my job and my responsibility to try to get as many federal dollars as possible into the massachusetts economy and so this is why you know with with my team you know we've been doing a lot of zoom calls and webinars and other meetings you know making sure that people know about this and i think the numbers that we've been able to help to deliver is a testament to all of the outreach and marketing that we've done on these programs to make sure that people know but but i dove tailing back to you know my previous comment regarding you know all communities and i know that we've done events in for the chinese community for the latino community for the black community and we really want to make sure that everyone knows about all the different programs and how to access them it's really important to us but on ppp again if a business applied with a lender and the lender did not get the application through the small business should be talking to that lender and making sure that that lender is comfortable with the application and that it's good to go as soon as sba gives the green light you know so the application between the small business and the lender that's between them the lender applies for the guarantee with the sba through our electronic process and so as nadeen mentioned you know ppp this is not a paper application and applications should not be mailed to the district office the business should be working with lenders on the application if a small business has never applied for ppp they can work with any lender sba does not have restrictions that there has to be a depository relationship or a borrowing relationship different lenders are managing their internal processes the way that they determine is best for them and their institutions sba is not dictating what they need to do but small businesses you need to be comfortable with your lender that your application is in good hands and that they're going to be submitting it as soon as we have the okay because we don't want anyone to be left out but again there is a provision in the funding that for smaller credit unions smaller financial institutions in order to try to help smaller small businesses with access and as soon as we know the rules on that we will be publishing that and getting that out to the community great thank you bob i just put a message out um last call for questions um does if anyone wants to submit a question through the chat feature so jill if i could mention one thing so just as a follow-up someone might think of a question later tonight or over the weekend uh the massachusetts district office mailbox is where we're suggesting questions to come into we're responding to those on a daily basis so that email is massachusettsdo at sba.gov the do stands for district office but if you do have an urgent question and an urgent need it certainly reach out to myself directly through my cell phone number or through my email but uh emailing nadine you know anyone on my staff you know we're working you know uh over time long hours and we're here to try to help you as best as we can the best information that we have available okay and i noticed um thank you very much for that um uh john Fitzpatrick from the massachusetts supplier diversity office has raised his hand um you want to take yourself off mute or submit a chat just very quickly i didn't mean to interrupt thank you bob thank you no dean um and thank you jill i just wanted to to say there was no formal press release but um rob williams formerly of mass growth capital he was just hired with the sdo as our new director of diversity and small business outreach and he's a great addition and we're very excited to have him with us wow congratulations uh rob and uh yeah a good addition to the team over there at the sdo so great news that's fantastic news thank you um well um it looks like um there are no more questions i just wanted if unless you have some wrap-up comments are you okay um i just wanted to take a moment to thank those folks who helped to put this together um we mentioned commissioner stephens um but crystal howard tanya pares on my team and shara the dart in our communications team so i'd like to give them a shout out and thanks and and thanks to um both nadine and and bob you have provided us with such great information hot off the press and and with your experience working with these small businesses through these weeks so we really thank you for that yep i can't wait until we can get together in person again and uh and this disaster is behind us so i'll keep praying and and keeping my fingers crossed so but uh thank you uh commissioner stephens and and jill and let us know if we can help with anything but uh we're my team we're certainly glad to be a service to the small business community great thanks bob and thanks bob and nadine for your great work and everybody for participating okay