Quote:
Originally Posted by MULLINS5
The funds do not even appear to be being used for PPP purposes. Their NJ site is closed and should either be open or their employees should be getting paid to stay at home without filing for unemployment. And just because they "rightfully qualify" for it does not mean it's not shameful for them to "take" funds that are not needed. No way that company, with their stock numbers and a NJ office closed needs 4.4 million dollars, most of that a free grant.
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The loans can be used for interest, rents, and utilities as well as payroll. Some of the money would not be forgiven based on the percentage of people laid off compared to the payroll as a whole.
"Need" is a relative term. If a company is eligible to take the money, either as a loan or a forgivable grant, they should do it. They didn't write the law, the politicians did. The same is true for the $1,200 amounts given to individuals. A lot of them have not lost their jobs so it's not logical for them to receive grants. However, they would be fools to not accept it.