Shula-holic
Footballguy
I think it would have been better to target the stimulus we did have more so than do another round. We had companies in line for PPP draining resources of both time and initial funding who weren’t impacted much, if at all. My company didn’t receive anything til round two.
Just for quick math we totally lost all sales at the time of the shutdown and YTD are at 2% of prior year sales even now because had to give massive numbers of refunds due to the shutdown. Of course our costs are higher so will post a loss on top of that. And that’s before we know the extent of bad debt on our receivables, which is inevitable to be much much more. So in short, we have no problem showing and proving the direct impact.
I guess what I’m trying to say is that for example when the Gulf Coast oil spill happened, my company at most suffered a negligible Impact and didn’t apply for funding from that recovery plan. In this case it was a definitely more shotgun approach of just get the money out there quick. There wasn’t the proof required to show how you were impacted. And I get that it was done to get money out quickly, but in many cases that led to so many filing that those most impacted were delayed in getting anything, often to the point of having to close before they could even get approved. I think it’s not that we need more money, we really can’t afford it. We just need to make sure it’s the businesses truly impacted who receive what was already allocated.
I believe I saw one plan was for a second round of PPP to be targeted to only companies who lost 50% of revenue. I think that’s probably a much better idea.
But all that said, in the end we can’t go on endlessly and rely on the government to backfill enough for us to live on scraps.
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obsession.....why do they seem to downplay the concerning news on Biden and have no interest in investigating? If you truly care about what’s good for your country it seems weird you only want to pull the curtain back on one side....also being the side that came to DC rich and lost money as opposed to the career politician who came in with no wealth and mysteriously is worth tens on millions in a matter of years with big increases during the years of questionable activity. The hypocrisy I guess was expected but there’s no effort to make it look otherwise which is surprising?
