Quote:
Originally Posted by ejharrington
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.
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About 3.5 of 4.4 million is a grant, not a loan. So don't you dare spin it as "some" of the money. The calculations for PPP by CU likely include employee wages and rent from NJ which CU is required to use those funds to reopen business but have remained closed for COVID concerns (which is fine just leave it out of the application). I swear, no moral compass with you. I guess only if it's illegal it's off limits. Wonder how your sick mind thinks - we just got a glimpse.