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I don't fully understand how these loans are going to help. If I'm a business owner and all the sudden my revenue drops to 0 or close to it, getting a loan to k
by servercobra 7y ago
I don't fully understand how these loans are going to help. If I'm a business owner and all the sudden my revenue drops to 0 or close to it, getting a loan to keep my employees around is still not a great option because I'm going to have to pay it back later. Like the other poster said they were having their employees do maintenance, deep cleaning, etc, but how long can you do that before you have to send people home? And how long can you afford to keep paying them without bringing in revenue?
I guess if we're hoping this crisis only lasts a couple of weeks, loans should bridge the gap. And options are never a bad thing!