Posted on 04/15/2020 5:07:26 PM PDT by Trouble4US
The first of these programs is the ever-chaotic Paycheck Protection Program, the $349 billion rescue effort that has commanded most of the public’s attention on this front. It provides businesses with low-interest loans to cover payroll and some other expenses like rent and utilities, which the government will forgive as long as the borrower doesn’t lay off its workers.
(Excerpt) Read more at slate.com ...
Once again, we see that when the central-planning authorities act alone via the Fed.gov bureaucracy, jack-shit happens. If they always need private industry to accomplish things - what’s the point of having permanent Fed.gov planners and bureaucrats?
Deposited our PPP check today. We applied on Friday, approved on Monday. Took a week to get the check. Easiest process involving the government ever.
You have a very efficient bank. Most are still waiting.
Applied for EIDL for a quick response (only Advance). Waiting to hear from my bank as to who wants the application for PPP.
[We applied on Friday]
How did you apply? The link on the IRS website?
I may (may) get a very small refund for 2019 but haven’t done the taxes yet.
I normally go to the library and print stuff, but...
(maybe I will set up that wireless printer, LOL)
If that’s true, Trump will have someone’s ass. He’s watching.
Congratulations!!
Mine for my restaurant just got finished by the bank today. So hopefully next week i can get it and finally pay myself and my employees who are still waiting for unemployment 4 weeks later here in New Hampshire .
Community Banks rock!!
We aplied at our local bank. Very simple application.
Interesting. Thanks.
My bank won’t let us walk in, LOL.
Dunno if they pass such out at the drive-thru. I should be there tomorrow, Lord willing.
we applied for EIDL also but have heard nothing...you?
I believe Hawgwalker is talking about applying for the SBA small business PPP (Paycheck Protection Program), not the $1200 p/p “Helicopter Money” program.
The $1200. p/p is being sent out right now via direct deposit (from your 2018 return if you didn’t file for 2019 yet)(we got ours yesterday).
Good luck. I am in a similar business, not a restaurant, though, deemed essential, so we are open. Using the PPP to pay $5 per hour Corona bonus to compete a little against the unemployment plus $600 per week. My goal for the year is to break even and have a great crew when things are back to normal.
SBA sent application for PPP loan.
The EIDL is tricky. Just thought the Advance would help cover some payroll costs
.
Sounds correct. I didn’t have anything that year (not enough for Federal anyways).
Wouldn’t normally have to file for even 2019 (unfortunately, the way things were) but may have a small, small, small refund coming.
Looks like we’re all on this train...or a few of us, anyways.
Slate is a repository of and source of evil
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