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  1. P

    OT: PPP Loans (NOT FOR COVID DISCUSSION OR POLITICS)

    agree. The reason it is slow and has issues is that they want to give away money to the banks. The banks are charging billions of dollars of fees on loans they cannot lose money on. Honestly, this was designed to give a handout to the big banks.
  2. P

    OT: PPP Loans (NOT FOR COVID DISCUSSION OR POLITICS)

    The big banks care about the big loans. Bigger loans = bigger fees. It’s how those ****ers role.
  3. P

    OT: PPP Loans (NOT FOR COVID DISCUSSION OR POLITICS)

    The program was too cumbersome. They should have sent a wire transfer to each business for an amount equal to 20% of prior year’s expenses. Next tax filing if you fired people then it is a loan. If you didn’t fire people, it is a tax free grant. The design was absolute ****. The objective was...
  4. P

    OT: PPP Loans (NOT FOR COVID DISCUSSION OR POLITICS)

    My brother’s business applied as soon as the application was available. Received a confirmation of receipt. Then nothing until he was told that the program is out of money.
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