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I'm happy for you that you got two loans. We don't have a ton of staff and by the time we got our application fully filled out, all the money was gone. Less tha
by DangitBobby 7y ago
I'm happy for you that you got two loans. We don't have a ton of staff and by the time we got our application fully filled out, all the money was gone. Less than 48 hours later. Seems like our story is the norm. How are you not understanding that?
- CPLX 7y agoI understand it completely. That's why I think they should add more money to the program and do more of it. The narrative in this article and most of the discussion is that it was a failure and we shouldn't have done it. I disagree. Also follow up on your application now, the program was just funded again. Get the money, keep your payroll up and help your team keep their jobs. That's what it's for, and if you finished your application the program is likely to help you very shortly.
- zaphod4prez 7y agoThe program is not re-funded yet. The bill has not been signed into law. (see "lapsed appropriations" on this page: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp https://www.sba.gov/funding-programs/loans/coronavirus-relie... I am reading the narrative very differently. You think people are saying there shouldn't have been any bill like this? People are saying that the bill has failed to help small businesses. Which is just a fact.
- CPLX 7y agoFair enough. With that said I think the funds will be replenished in the next day or three. But I think "the bill has failed to help small businesses" is not accurate at all. It has failed to help enough small businesses.
- ubu7737 7y ago> It has failed to help enough small businesses. ... in large part because publicly-traded businesses have scooped up the funding.
- DangitBobby 7y agoThanks for giving me a heads up. Looks like we will get the money.