Restaurant owner says small business loan not enough to immediately bring workers off furlough

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'We have to wait until we have a very clear pathway to success,' Junior's Cheesecake owner Alan Rosen said.

Loans made through the program can be forgiven if they are used to cover payroll, and certain other expenses such as rent, in the eight-week period after the loan is made,

But it's not clear when that green light is going to arrive, Rosen said. If it takes until the end of June, the loan "would be wasted because we'd be closed after we used up that money," he contended.

 

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How did this guy get a loan anyways, supposed to be for companies with 500 employees or less. Pay your people even if they aren't working.

Was a very concerning interview. They got $5M and are not hiring back their employees until they are allowed to open again? That makes no sense to me, money is supposed to be used to pay employees. If they don’t hire back employees, then they should need to pay back the loan

Why are you showing pictures of delicacies like these at a time when the store is closed ?

The forgivable loans aren't a substitute for your profits. It's for your employees & rents etc.

SmallBusinesses SmallBusiness SmallBiz ReopenAmerica CoronaVillains

Seems it’s the Democrats holding up further aid to small businesses. Obviously they will hold up aid to hard working people in order to give it to illegals. Not big business, they can stand on their own, small businesses need help.

That wasn’t the point.

Yes, but those cheesecakes look good tho

Businesses won’t come back until they are convinced that people are ready to spend money again.

SenSchumer loves this place

But Mnuchin and Trump don’t care about small business. They’re not publicly traded like an airline. ALL MNUCHIN and Trump care about are their friends in the Stock Market.

Have any small businesses received the disaster loan yet?

i am afraid that many small business will be gone for forever when the crisis is over

Who wants to bring back workers when you're forced to be shut down?!? It's absurd. OPENAMERICANOW

Mask off. UBI and Medicare For All now.

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