Posted on 04/03/2020 4:44:52 AM PDT by tired&retired
The Paycheck Protection Program might bankrupt our country, but sure is a blessing to virtually any business with less than 500 employees.
I'm working on an application right now for 65 employees. Basically the government is giving a loan that will be 100% forgiven that will be equal to total payroll, payroll costs, and health insurance costs for one month total times 250%.
That's the equivalent to 2.5 months payroll costs for 65 employees. (Up to a limit of annualized wages of $100,000 per employee wages)
That's over $500,000 free money.(To keep paying your employees and keep your business open)
I post this so that Freepers with businesses know what is available.
. Ping to self
Yeah I got that. But however much we can all be outraged Uncle Sugar’s offer isn’t a permanent thing and you would be a fool to give up long term employment for a couple of months extra pay.
“”A sure recipe for fraud and abuse.””
Already set up for that - baked in for sure! Why would we think anyone in DC developed a working brain prior to coming up with this plan?
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