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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 ThisWayChad
Posted on 3/29/20 at 6:59 pm to ThisWayChad
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 on 3/29/20 at 7:09 pm to SSpaniel
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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