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Started By
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re: Ever wondered how much $$$$ your friends and neighbors got in PPP loans? SBA Look here.
Posted on 7/15/21 at 10:52 am to cajunTiger22
Posted on 7/15/21 at 10:52 am to cajunTiger22
quote:
Baton Rouge Water Company took out 2-5 million... I still got and paid my bill
And many, many people certainly didn't. Leaving unpaid bills for the company to cover.
0
Posted on 7/15/21 at 10:52 am to Kujo
quote:
How do you supposed to search for something in the “M”?
I’m checking in a state With 3500 pages but I can only move three pages at a time?
do you even "url manipulation" bro?
Posted on 7/15/21 at 10:53 am to lsupride87
It was definitely a loophole, it was just either disregarded or missed.
If you didn't lose any business due to the shutdown, it was just a paper adjustment to stay in conformity with the rules. Loopholes aren't illegal, if that's how you're taking it or what the other poster is implying.
If you didn't lose any business due to the shutdown, it was just a paper adjustment to stay in conformity with the rules. Loopholes aren't illegal, if that's how you're taking it or what the other poster is implying.
Posted on 7/15/21 at 10:53 am to Mingo Was His NameO
quote:
Mingo Was His NameO
Get out of this thread. You are a horrible poster. Give me back LSUPride please, at least we were having an adult conversation. Go play your video games now and run along.
Posted on 7/15/21 at 10:54 am to GRTiger
When you follow a law exactly as it’s written, and the law is clearly written, I’m not sure how it’s a “loophole”
Posted on 7/15/21 at 10:54 am to SuperSaint
quote:
Get out of your friends and neighbors pockets Fam
If you want me out of your pocket, don’t take tax payer funded welfare.
Posted on 7/15/21 at 10:55 am to The Spleen
quote:
The bigger problem with the first round was how the banks processed applications. I know of two people who applied with a large bank who drug their feet on their application, and by the time they got to their application, there were no more funds available. I have n doubt there were some shenanigans going on behind the scenes with some banks on how they prioritized applications.
My firm was contracted out to process some of their PPP loans. The bank had their people working 12 hours a day and out contracted out people were working 7p-7a 7 days a week. It was crazy, these are people with professional degrees and licenses being made to work overnight and on weekends.
Posted on 7/15/21 at 10:56 am to Mingo Was His NameO
It was very much like the oil spill. I was at p&N for that and it was wild
Posted on 7/15/21 at 10:56 am to lsupride87
In that context, loopholes don't exist within the law. I don't agree with that.
The intent of the fund was to protect jobs and income. If it was simply a windfall that allowed a company to use money meant for payroll and expenses for other things, I'd consider it a legal loophole.
The intent of the fund was to protect jobs and income. If it was simply a windfall that allowed a company to use money meant for payroll and expenses for other things, I'd consider it a legal loophole.
Posted on 7/15/21 at 10:57 am to Mingo Was His NameO
Yeah, I know some banks moved heaven and earth to get their applications through and funded. Some sat on their hands. Unfortunately the two people I referenced went with a bank that sat on their hands, then blamed it on SBA.
Posted on 7/15/21 at 10:57 am to Mingo Was His NameO
quote:If you do have to pay any of it back, the interest rate is 1%.
You'd have been a retard to not take free money. Blame the government (and remember this was a trump policy for consistency's sake) for giving it to them.
Posted on 7/15/21 at 10:59 am to The Spleen
quote:
Yeah, I know some banks moved heaven and earth to get their applications through and funded. Some sat on their hands. Unfortunately the two people I referenced went with a bank that sat on their hands, then blamed it on SBA.
They sat on their hands or they didn't have the manpower or resources to get to all of their applications processed? I don't have the specifics, but there's no way contracting out my firm was a money maker for that bank. And it wasn't a money maker for our firm either, but it was a better alternative than a sizeable number of employees bringing in zero revenue.
Posted on 7/15/21 at 11:01 am to lsupride87
quote:
It was very much like the oil spill. I was at p&N for that and it was wild
We let Couhig Partners handle our oil spill claim and they did a magnificent job...no complaints
I just searched for my company in this list of PPP's and Im not listed.....I would think they are listed companies that didnt meet a certain threshold amount
This post was edited on 7/15/21 at 11:02 am
Posted on 7/15/21 at 11:01 am to DarthGadget
Of all the stupid she we throw money at, I'm actually not completely against lending money to small businesses. Especially once facing economic sanctions by shitty politicians.
Posted on 7/15/21 at 11:03 am to DarthGadget
What is shameful, is the fact that prior to the pandemic small businesses employed 48% of American workers....
They didn't get anywhere CLOSE to 48% of the Govt money doled out.
They didn't get anywhere CLOSE to 48% of the Govt money doled out.
Posted on 7/15/21 at 11:08 am to GRTiger
quote:Several of my clients received PPP and are not listed
I can vouch that the list is not accurate, I received PPP loan and it is not listed.
quote:Happened to me as well. Reported as fraud and they tracked it to overseas I think.
My company was listed last time I looked and we did not receive any funds.
Posted on 7/15/21 at 11:09 am to The Nino
quote:
I can vouch that the list is not accurate, I received PPP loan and it is not listed.
Several of my clients received PPP and are not listed
I think they are only listing companies that received over a certain amount....my company isnt listed either
Posted on 7/15/21 at 11:11 am to The Spleen
quote:
Yeah, I know some banks moved heaven and earth to get their applications through and funded. Some sat on their hands. Unfortunately the two people I referenced went with a bank that sat on their hands, then blamed it on SBA.
Its never the sacred gubments fault..
Posted on 7/15/21 at 11:17 am to DarthGadget
The list of who DIDN'T get a 'loan' would have been much shorter.
Posted on 7/15/21 at 11:20 am to Mingo Was His NameO
quote:
You'd have been a retard to not take free money
Or have principles and a back bone
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