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Message
re: SBA loans in stimulus---basically give aways for any business with less than 500 employees
Posted on 3/29/20 at 6:51 pm to ThisWayChad
Posted on 3/29/20 at 6:51 pm to ThisWayChad
quote:
ou have to make a good faith certification the loan is needed for payroll due to uncertainties created by the Chinese Virus....that’s it
You have to demonstrate that you business was adversely affected by the Chinese Virus.
I would assume you can't simply declare that it was.
3
Posted on 3/29/20 at 6:54 pm to SSpaniel
quote:
You have to demonstrate that you business was adversely affected by the Chinese Virus.
Nope. It’s forward-looking, not where you’re at today necessarily. They’re trying to encourage businesses to retain employees through the end of June. Maybe some guidance will go farther but the text of the legislation clearly does not require what you suggest
Posted on 3/29/20 at 7:02 pm to SSpaniel
quote:
You have to demonstrate that you business was adversely affected by the Chinese Virus.
I would assume you can't simply declare that it was.
You could probably count the business that haven't been adversely affected on one hand. So I'll just go ahead and declare everybody affected
Posted on 3/30/20 at 9:04 am to SSpaniel
quote:
You have to demonstrate that you business was adversely affected by the Chinese Virus.
Absolutely incorrect. This bill does not require that at all.
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