Tiny business bail-out
#6849974
04/21/20 11:34 AM
04/21/20 11:34 AM
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Joined: Apr 2014
Posts: 7,085 MO
cfowler
OP
trapper
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OP
trapper
Joined: Apr 2014
Posts: 7,085
MO
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Well the so called “small businesses” got a bailout. Several of those “small businesses” valued at $100 million or more. Just curious when the tiny, mom & pop sized, businesses get a little assistance?
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: Tiny business bail-out
[Re: cfowler]
#6849977
04/21/20 11:36 AM
04/21/20 11:36 AM
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Joined: Feb 2010
Posts: 19,719 pa
hippie
trapper
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trapper
Joined: Feb 2010
Posts: 19,719
pa
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Haha.
I have a new found definition of what a small business is after seeing who depleted the small business funds.
Last edited by hippie; 04/21/20 11:37 AM.
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Re: Tiny business bail-out
[Re: cfowler]
#6849988
04/21/20 11:47 AM
04/21/20 11:47 AM
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Joined: May 2019
Posts: 1,355 Saskatchewan
rvsask
trapper
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trapper
Joined: May 2019
Posts: 1,355
Saskatchewan
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Just curious when the tiny, mom & pop sized, businesses get a little assistance? Bailouts seem to happen everywhere for bigger companies, sadly. What is "a little assistance" for real small businesses?
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Re: Tiny business bail-out
[Re: rvsask]
#6849996
04/21/20 12:02 PM
04/21/20 12:02 PM
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Joined: Apr 2014
Posts: 7,085 MO
cfowler
OP
trapper
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OP
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Joined: Apr 2014
Posts: 7,085
MO
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What is "a little assistance" for real small businesses? Apparently it’s a $1,200 check, that should arrive eventually, if you don’t make too much money.
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: Tiny business bail-out
[Re: cfowler]
#6850081
04/21/20 01:06 PM
04/21/20 01:06 PM
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Joined: Mar 2012
Posts: 3,697 Nevadafornia
Lazarus
trapper
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trapper
Joined: Mar 2012
Posts: 3,697
Nevadafornia
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Timbremn, I'm with you, but didn't get the funds. Still open for business, for what its worth.
My experience with interviewing a number of CPA's and lawyers is that many of the folks that got the PPP funds were multi million dollar loans and the banks showed a preference to processing loans for their customers who owed them loans. The bank gets 5% of the loan for doing the loan, so if you are a bank, it takes the same effort to process a $10,000 loan as it does a $10,000,000 loan, so if you're making 5%, which loan would you rather process? Oh, and if that same customer owes a loan to the bank, wouldn't you want to make sure they had the funds to pay you back? So banks (not all of them, I'm sure), got 5% of the $450B, and definitely enhanced the odds of getting paid their existing loans. Maybe instead of PPP, we should have called this The Bank Protection Act.
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Re: Tiny business bail-out
[Re: walleyed]
#6850222
04/21/20 02:54 PM
04/21/20 02:54 PM
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Joined: Jun 2007
Posts: 16,150 Tennessee
Scuba1
"color blind Kraut"
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"color blind Kraut"
Joined: Jun 2007
Posts: 16,150
Tennessee
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Illegal Aliens don't get one anyway !! w Plonker
Let's go Brandon
"Shall not comply" with morons who don't understand "shall not infringe."
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Re: Tiny business bail-out
[Re: cfowler]
#6850239
04/21/20 03:10 PM
04/21/20 03:10 PM
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Joined: Jun 2007
Posts: 16,150 Tennessee
Scuba1
"color blind Kraut"
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"color blind Kraut"
Joined: Jun 2007
Posts: 16,150
Tennessee
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It was a darn site easier to set up a company in SC than it was jumping through all those hoops at immigration thats for sure. Took nearly 5 years to get that sorted out. As of last year my missus owns the company and I just work there. But will still not accept a check from the gubberment. Those that do and then come on here to complain about socialism ..... well yea I'll leave it at that.
Let's go Brandon
"Shall not comply" with morons who don't understand "shall not infringe."
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Re: Tiny business bail-out
[Re: Scuba1]
#6850703
04/21/20 08:57 PM
04/21/20 08:57 PM
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Joined: Dec 2006
Posts: 7,528 WI>>>MN >>>WI
T-Rex
trapper
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trapper
Joined: Dec 2006
Posts: 7,528
WI>>>MN >>>WI
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But will still not accept a check from the gubberment. Those that do and then come on here to complain about socialism ..... well yea I'll leave it at that. Yes, it has turned to Socialism. But, after those tyrants closed down my legitimate business I will take whatever meager compensation I can get. In the future my new backroom "manscaping" business will be operated under the radar.
Man who mistake shillelagh for fairy wand; see pixie dust, also.
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