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Started By
Message
Deal is reached!!!
Posted on 3/25/20 at 12:20 am
Posted on 3/25/20 at 12:20 am
24
Posted on 3/25/20 at 12:24 am to SaintNation
Ballot Harvesting si or no?
Posted on 3/25/20 at 12:24 am to SaintNation
quote:Must be a four-corners deal. There were only 3 senators on the floor for the last couple hours. They said they had zero input into the bill that will be sprung on them in the morning - a half-hour before the vote.
Per Fox News
The senators have to pass it to find out what is in it. LOL
Posted on 3/25/20 at 12:25 am to SaintNation
Hopefully republicans didn’t cave, I doubt it but I’ll vote against them out if they have them any BS i this bill.
This post was edited on 3/25/20 at 12:26 am
Posted on 3/25/20 at 12:25 am to SaintNation
Sure hope those community newspaper employees got their pension.
Posted on 3/25/20 at 12:25 am to SaintNation
God help anyone that signs up for the small business loan programs jumping the gun
They ram the entire fist of the federal government up your raw a-hole if you take that loan
They ram the entire fist of the federal government up your raw a-hole if you take that loan
Posted on 3/25/20 at 12:26 am to SaintNation
Lfg
Posted on 3/25/20 at 12:27 am to YF12
Pray tell.
Have clients asking left and right to get funding through this mechanism.
ETA : I hate doing SBA loans, but in this environment, some of these business have 2 options, 1) get the loan and hope revenue doesn’t fall off a cliff in the next 3 months and use the capital to bridge until economic recovery, or 2) don’t take the loan and go out f business.
Sure as shite won’t be getting conventional financing anywhere
Have clients asking left and right to get funding through this mechanism.
ETA : I hate doing SBA loans, but in this environment, some of these business have 2 options, 1) get the loan and hope revenue doesn’t fall off a cliff in the next 3 months and use the capital to bridge until economic recovery, or 2) don’t take the loan and go out f business.
Sure as shite won’t be getting conventional financing anywhere
This post was edited on 3/25/20 at 12:32 am
Posted on 3/25/20 at 12:28 am to SaintNation
Cringing thinking about how bad this piece of shite is going to be.
Posted on 3/25/20 at 12:30 am to catfish 62
quote:
Pray tell.
Have clients asking left and right to get funding through this mechanism.
If you take a federal small business loan you are now working for the federal government
They start fine combing over all your financials. They start asking employees about any issues they may have and build a file.
Its a terrible idea that too many people will do and they will lose whatever shite level rights they had in the first place.
Posted on 3/25/20 at 12:32 am to SaintNation
But, one house member could potentially kill it? Glad things are moving in the Senate but the current house members have shown where their allegiances lie. It's not with the American ppl.
This post was edited on 3/25/20 at 12:33 am
Posted on 3/25/20 at 12:32 am to Lsuhoohoo
quote:
Cringing thinking about how bad this piece of shite is going to be.
Will probably be a small portion going directly to the citizens in need and the majority going to inefficient programs and services that will keep government employees working and leaving crumbs for the masses after it gets filtered through all the red tape.
Posted on 3/25/20 at 12:34 am to YF12
Yea that’s straight up not true, lol. Maybe if they are acting as a direct lender, like they would be in the Disaster Recovery program they have rolled out I could see that being the case.
But if I’m making the loan under our PLP status, they deal with the bank directly.
But if I’m making the loan under our PLP status, they deal with the bank directly.
Posted on 3/25/20 at 12:35 am to SaintNation
Something tells me not to hold my breath.
Posted on 3/25/20 at 12:36 am to SaintNation
quote:
Deal is reached!!
I'll believe it when it passes.
Posted on 3/25/20 at 12:37 am to catfish 62
quote:
Yea that’s straight up not true, lol. Maybe if they are acting as a direct lender, like they would be in the Disaster Recovery program they have rolled out I could see that being the case.
But if I’m making the loan under our PLP status, they deal with the bank directly.
They arent rolling this out as anything but a federal government loan from the US Treasury
You will be under the full weight of someone in an office in Alexandria that does not give a shite and passes paper all day
I would highly advise against taking the federal loans right now. Stick to your state at worst.
This post was edited on 3/25/20 at 12:38 am
Posted on 3/25/20 at 12:42 am to SaintNation
quote:
I’ll vote against them out if they have them any BS i this bill.
Posted on 3/25/20 at 12:43 am to YF12
Don’t necessarily disagree with you, but there isn’t a ton of liquidity out there for small businesses.
Some companies will have to take it to survive. Some companies will take it even though they don’t need it and probably end up wishing they didn’t.
Some companies will have to take it to survive. Some companies will take it even though they don’t need it and probably end up wishing they didn’t.
Posted on 3/25/20 at 12:46 am to YF12
quote:
You will be under the full weight of someone in an office in Alexandria that does not give a shite and passes paper all day
This amount of money, in this short time frame has never been done in history
Take the assistance, they will be too swamped to make anyone miserable, for quite some time
Posted on 3/25/20 at 12:46 am to catfish 62
quote:
on’t necessarily disagree with you, but there isn’t a ton of liquidity out there for small businesses.
Some companies will have to take it to survive. Some companies will take it even though they don’t need it and probably end up wishing they didn’t.
Yeah I think many people are going to do it
Its too much money being dangled in front of people right now without any care for what it actually means to basically loan out your company to the dreaded feds
Its a shitshow
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