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Posted on 4/19/20 at 10:43 am to ThePistol
quote:
I would imagine that like most businesses, it will take at least a few months to return to normal levels.
I'm not sure about that in this instance. Dog grooming and haircut places are going to get slammed when things open back up.
Now I guess there could be trouble a month or two later if significant numbers of people don't have jobs/income to pay for those things as often as they normally would.
Posted on 4/19/20 at 10:47 am to notiger1997
quote:
Dog grooming and haircut places are going to get slammed when things open back up.
Most places will see less volume in order to allow for social distancing. If everyone goes right back to full capacity immediately, then you have packed waiting rooms & offices, then infections shoot back up and they make us shut down again
Posted on 4/19/20 at 10:52 am to Donkus
I don't think I'd go back to work for $8-10 an hour pressure washing and painting, I believe the employer is required to keep them on payroll, but this does not mean they need to return if they are not essential. I get the feeling this is how a bunch of small businesses will open up- illegally- since it's free money, they should just keep them on payroll and pay a small amount to show that they are still an employee-- or pay for insurance, or other benefits. They can use the PPP to pay expenses during the shutdown and be okay too. That's what it's for. I noticed my old company- a boutique has reopened in Lafayette, not sure how they got around that. They are far from essential. It's probably a scenario just like this.
Posted on 4/19/20 at 10:55 am to latxwoman
The problem is that once the loan is disbursed we only have an 8 week period to apply the funds towards forgiveness. Once we are outside of that 8 week period whatever hasn't been used for the SBA stated purposes becomes a loan.
Granted, it's a 1% interest rate loan but I'd prefer to get 100% forgiveness if at all possible.
Granted, it's a 1% interest rate loan but I'd prefer to get 100% forgiveness if at all possible.
This post was edited on 4/19/20 at 10:56 am
Posted on 4/19/20 at 10:55 am to Donkus
quote:
Well 5 of those were unpaid. I'm just trying to understand that if by taking the PPP loan, shouldn't that go towards covering those 5 weeks?
She’s eligible for 6 weeks of unemployment. She’ll get back paid for that.
The PPP was 8 weeks of payroll costs going forward from the time of funding.
Posted on 4/19/20 at 11:19 am to Donkus
(no message)
This post was edited on 10/18/21 at 4:51 pm
Posted on 4/19/20 at 11:23 am to latxwoman
quote:
I noticed my old company- a boutique has reopened in Lafayette, not sure how they got around that.
Like most businesses I have seen, they just opened back up. Didn't make a big deal about it and kind of are waiting to see if anyone shuts them down.
Posted on 4/19/20 at 11:24 am to East Coast Band
Save the platitudes you retarded hick.
Posted on 4/19/20 at 11:26 am to Donkus
quote:
So in theory, if they do open May 1st, they will be paying the employees for 8 weeks from the loan and pocketing the money that would normally go towards payroll?
You get your Econ degree with AOC?
Posted on 4/19/20 at 11:37 am to FAP SAM
quote:
Correct.
The problem is, if there are employees that refuse to return to work bc they are making more on unemployment. Then the FTEs are less than previously and the business is on the hook for that money (Although at a very low interest rate)
The search for work requirement needs to be put back into place IMMEDIATELY.
Posted on 4/19/20 at 11:48 am to latxwoman
quote:
I noticed my old company- a boutique has reopened in Lafayette, not sure how they got around that. They are far from essential. It's probably a scenario just like this.
They were allowed to open up by the local government
Posted on 4/19/20 at 11:57 am to yellowfin
There’s a lot of shite that people believe isn’t essential that is. Colorado and Pennsylvania specifically stated that pet care facilities are essential including boarding and grooming
Posted on 4/19/20 at 12:16 pm to lsutiger2010
Exactly.
Posted on 4/19/20 at 12:29 pm to East Coast Band
Seems like by the rules of the law, the owner should not have been granted the PPP since he/she fired/laid off employees. I thought that was one of the conditions.
Posted on 4/19/20 at 12:33 pm to Geauxgurt
No. You have to bring people back by June 30.
Posted on 4/19/20 at 1:39 pm to High C
quote:
Here’s the dilemma, the business is obviously only bringing her back for selfish reasons. They didn’t mind sending her home with no pay before there was some money available for them. Personally, I’d go back to work because that’s the way I was raised. However, there is an argument for just riding the unemployment, especially with that job.
Will this become a thing? i mean getting the lower paid workers back to work with them making better money on unemployment. I could see this as an issue as the economy starts to open up again.
Posted on 4/19/20 at 1:53 pm to Donkus
How much is she getting from unemployment? If it’s more than what she makes at the dog grooming place then I’m going to ride the unemployment for another month then go look for another job when everything opens back up.
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