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Started By
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re: Here's the list of Louisiana businesses that will receive at least $150,000 in PPP loans
Posted on 7/9/20 at 9:38 am to LSUJML
Posted on 7/9/20 at 9:38 am to LSUJML
quote:
I found a customer on the list that is refusing to pay a bill
Print a copy of his loan information and send it to him with your bill
0
Posted on 7/9/20 at 9:40 am to bee Rye
quote:
Nothing shady at all about the businesses with exactly 500 employees listed
The first one that caught my eye was DBMC Restaurants.
Don't get me wrong. They absolutely deserve the help.
But they have more than 500 employees from La to Florida.
How's that work? Can they just cap it at 500 tax IDs(SSNs) they provide?
This post was edited on 7/9/20 at 9:41 am
Posted on 7/9/20 at 9:49 am to IndianInBR
quote:
Did that idiot pastor in Central get any money I wonder?
Not on the list but he could have received less
Posted on 7/9/20 at 9:50 am to BowDownToLSU
quote:
Coach O’s football camp Loan Range $150,000-350,000 Business Name COACH O TIGER FOOTBALL CAMPS Address 1 Skip Bertman Drive City BATON ROUGE Jobs Kept 0 Date OK'd June 19, 2020 Lender Investar Bank, National Association
This is embarrassing
Posted on 7/9/20 at 9:53 am to Cash
quote:
$350,000-1 million THE RUNNELS SCHOOL, INC
Did parents ever get refunds?
Posted on 7/9/20 at 10:00 am to The Torch
quote:
My friends X wife and her F buddie - They took between 350k -1 million stating they have 25 employees which is horse shite. This money will go to pay for her $500,000 home and the new escalade the boyfriend bought her, oh and her new tits/plastic surgery.
The only way they could have done that was to submit false employment numbers and payrolls. SBA has said they will criminally prosecute fraud. If you have a problem with it, then snitch them out.
quote:
To the folks that applied for this money: Did you know this list would be published and made public when you applied?
Doesn't bother me. I have no shame about it. We needed it and took it. I've been open with my employees about it.
Posted on 7/9/20 at 10:33 am to Tiger4Ever
quote:
I find the uproar comical...particularly when it’s obvious some of those complaining have zero clue what is going on...to the point that they claim “plenty have missed out”.
If they did...it’s because they are asleep at the wheel.
I found it to be small businesses that were not operating within the parameters of the law aka paying employees cash, not paying taxes, etc.
Posted on 7/9/20 at 10:39 am to Fratigerguy
quote:
Where they got the hit wasn’t on paying teachers, it was on some parents saying “frick it”, and they quit paying tuition because the schools wouldn’t stay open.
This isn't how it works at all. For this past year, I had signed a contract in February 2019 for the 2019-2020 school year and the tuition was paid in June 2019. The parents paying monthly did so with a bank loan. The school got 100% of their money, closed the doors, got government money, and refused to refund/credit a penny of tuition. This is pretty fricked up.
Posted on 7/9/20 at 10:41 am to MikeD
quote:
Private schools that didn't refund tuition should be ashamed for taking money.
This. And sadly it's just about every school I know. I knew something was up b/c I haven't seen a fundraising email since March. Private schools never stop sticking their hand out. The fact that they aren't asking for money means they made out like a damn bandit.
Posted on 7/9/20 at 10:52 am to notbilly
quote:
This isn't how it works at all. For this past year, I had signed a contract in February 2019 for the 2019-2020 school year and the tuition was paid in June 2019. The parents paying monthly did so with a bank loan. The school got 100% of their money, closed the doors, got government money, and refused to refund/credit a penny of tuition. This is pretty fricked up.
Not all schools do the 100% upfront deal. Many private schools do monthly payments not secured through banks. Even those that are secured through “banks” aren’t actually secured through a bank at all. It is a lending company that will charge back the school of the parent doesn’t pay (yes, there may be some that are actually through a real bank. Not everything is always true). The school sets the parameters on how hard the lending company will go after a non-payer. In addition, the lending companies pay the school monthly in many cases, and only pay what they receive. There’s a lot more to this than what many folks think actually goes on.
What school received 100% of their money, closed the doors and didn’t do distance learning, received federal money, and didn’t refund anything?
Posted on 7/10/20 at 11:24 pm to White Bear
quote:
Did you know this list would be published and made public when you applied?
I assumed it would. It's bullshite that they hid those under $150k. It's our money, w...
Well, technically, since I effectively got a free $1.2m, it's y'all's money, and you should definitely know where it went.
Whenever the bonuses and distributions go out, I'll show you guys that I didn't waste it.
Lime green looks sick to me.
Posted on 7/10/20 at 11:37 pm to Havoc
quote:
Was it closed down? People not able to go to water parks?
Isn’t this to help with payroll? Pretty sure they didn’t have to hire people to keep the business going.
Posted on 7/10/20 at 11:51 pm to mikelbr
quote:
The first one that caught my eye was DBMC Restaurants.
Don't get me wrong. They absolutely deserve the help.
But they have more than 500 employees from La to Florida.
I believe there was a special provision included in the law that allows restaurants to consider each individual location a separate entity for purposes of PPP.
Posted on 7/11/20 at 12:01 am to supadave3
quote:
Do you even feel a little bit like shite?
I'm going to say no since some small businesses struggled when ACA came about. Just say that 150k is just a here you go for fricking you over.
And let's not forget all these businesses have been paying into unemployment already and continue to.
This post was edited on 7/11/20 at 12:02 am
Posted on 7/11/20 at 7:26 pm to Dizz
quote:late to reply, but... because I know many business owners in various industries and CPA’s who serve in various industries, mostly small-mid size businesses.
Other than just seeing the names how do you know who did and didn’t need the money.
Posted on 7/11/20 at 7:29 pm to JumpingTheShark
quote:what are you even talking about employees are not required to receive PPP? I don’t think you have any idea how this works.
Employees are not required to receive a PPP loan. Self employment income is eligible as well.
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