Under the original guidance from the Treasury Department, companies applying for PPP loans had to certify that “current economic uncertainty makes the loan necessary to support ... ongoing operations.”
“It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith,” the Treasury said. The new guidance prompted the program’s largest recipient, the Ruth’s Chris Steakhouse chain to say it would quickly repay its $20 million loan to maintain its payroll during coronavirus-prompted shutdowns.
Well... you know what would’ve worked... if we had specify strict criterium for taking on the allowance... that way, some companies wouldn’t have dried up the funds taking chances away from much smaller enterprises
How about that? Money isn't as interesting when it comes with strings attached. Darn
I didn't understand this guidance
Good! Greedy fuckers shouldn't have taken it to begin with. They're billionaires. This 'inconvenience' means they can't buy Pumpkin her first yacht on her 16th birthday. Poor thing will have to be happy with a Lamborghini. Mean-while, my family fights to pay their 8 employees!
lol treasury guidance
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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