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re: SBA loans in stimulus---basically give aways for any business with less than 500 employees

Posted on 3/29/20 at 6:59 pm to
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 3/29/20 at 6:59 pm to
quote:

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


You are correct.

But still... one would assume that they would put in some sort of guidance so that a business that is clearly not affected would not be eligible.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 3/29/20 at 7:09 pm to
quote:

But still... one would assume that they would put in some sort of guidance so that a business that is clearly not affected would not be eligible.



Only those that assume politicians have a clue.

If it is a big deal in Congress you can bet logic does not apply.

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