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COVID, that's the gift that keeps on giving the whole year.
1 posted on 10/27/2026 4:34:18 AM PDT by Pontiac
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To: Pontiac
Federal officials alleged Murotech exceeded both limits when employees of affiliated companies were included. The company later applied to have both loans forgiven.

This is an example of what happens when Congresscritters try to give away more money to buy votes.

The rules were arbitrary and not well codified, but the rules that Congress passed were difficult to understand.

Difficult, but not impossible.

Until the lender (Uncle Sugar) changes his mind.

2 posted on 10/27/2026 4:49:35 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: Pontiac

I don’t think most people realize how much money was handed out in PPP. My brother in law’s small company got $64,000. His employees never missed a day of work. The company that I worked for before I retired got millions. They have virtually no employees, everything is subcontracted. They did not close down at all.

“Approximately $800 billion in Paycheck Protection Program (PPP) loans were issued, and 92% to 96% of those loans have been fully or partially forgiven, according to U.S. Small Business Administration (SBA) data analyzed by NPR.”


3 posted on 10/27/2026 5:18:38 AM PDT by suthener ( I do not like living under our homosexual, ghetto, feminist government.)
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To: Pontiac

Fraud pure and simple...


4 posted on 10/27/2026 5:29:25 AM PDT by DeplorableTrumpSupporter (FKA ConservaTeen)
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