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> I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway PPP and SBA loans kept these companies alive.
by howmayiannoyyou 5y ago
> I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway
PPP and SBA loans kept these companies alive. The bill hasn't come due yet. This is what people don't understand.
- thebean11 5y agoAren't PPP loans fully forgivable if you met certain requirements? There shouldn't be any bill for most businesses.
- polski-g 5y agoIf you used them for payroll, they were free money.
- howmayiannoyyou 5y agoNo, the point is the PPP money kept uncompetitive businesses alive that should have failed. The bill that hasn't come due: their failures.
- thebean11 5y agoSo not a literal bill, got it
- cwkoss 5y agoI think most of those funds got sucked up by the legally savvy before most small businesses got a piece. There are a LOT of stories online of companies taking the money and posting fake job ads where they never hire people while laying off a significant portion of their workforce. I think there are a lot of games being paid to get PPP forgiveness by companies that don't deserve it.