Re: Virus thread, the political one.
Originally Posted by
guido
The legislation also provides loans to small businesses — loans that will be forgiven, that is, turned into straight subsidies, if businesses use the money to maintain their payrolls.
Both of these programs are very good ideas. The trouble is that both are having a hard time getting started — and time is one thing millions of distressed Americans, many of whom were already living on the edge, don’t have."
My wife and her family run a small business with a handful of employees so we've been consumed with trying to get details on payroll protection loans. Not just clarity on the fine print of the programs (the big points are clear), but also on how to start the process, who is providing the loans, etc. We're getting close, but meanwhile her business has been closed for weeks with no money coming in and staff awaiting details of their fate. The program sounds great, but the rollout has been, not unsurprisingly, a cluster. Time is of the essence.
"I guess you're some weird relic of an obsolete age." - davids
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