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Your small business got a Paycheck Protection Program loan. Now what?

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Small businesses that got a loan from the Paycheck Protection Program now have to decide how to spend that money. Their answers can differ greatly.

"Until that time it would be, in my opinion, wasted money to start spending it," he said. "We have to wait until we have a very clear pathway to success."

That's the approach that Miller, the owner of Sidelines Bar and Grill, Sidelines Beer House and The Fire Side Public House, has taken."I don't know if it's right," he said of his approach. "I don't know if anyone knows what's right."Some workers, like waiters and bartenders, are opting to stay furloughed and collect unemployment benefits, which were

There are other potentially adverse factors to choosing to remain unemployed, like reduced Social Security checks in retirement and a potentially more challenging time finding a job when re-entering the labor pool, said Julia Rosner, an employment attorney at Legal Services NYC.

 

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Go public?

A side business generating a few hundred a month would be pretty handy right now.

'$310 billion total for PPP, with $250 billion unrestricted and $60 billion set aside for smaller institutions' Again same issue small business is not getting all the money, Major money is going to the big guys! corruption is plain sight!

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Applying for small business loans has been tough. But not for these peopleMany small-business owners have been stymied by the Paycheck Protection Program, yet some business owners have been able to breeze through the application process.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Here are the largest public companies taking payroll loans meant for small businessesThose that have received Paycheck Protection relief designed for small business include publicly traded firms with thousands of employees. I read the whole article and didn't see a list. Stop protecting them and let's see the list. Greedy and just wrong CNBC It's a shame Democrats let that money run out and voted no on the bill to refund it. But, Democrats are Democrats. You get what you pay for it.
ソース: CNBC - 🏆 12. / 72 続きを読む »

National testing plan a sticking point in reaching small business aid dealCongressional leaders and the White House are inching closer to striking a bipartisan deal that will replenish the depleted small business loan program. where's my mask? So why even wear a mask? How does anyone breath in the face mask.
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