Results 1 to 25 of 41
Threaded View
-
04-06-2020, 06:32 PM #13
- Join Date
- Aug 2016
- Posts
- 486
From what I understand, if I take the PPP, but not use it for the approved items I have to pay it back over 2 years at 1% APR..
So I need to make sure I understand how the fund works if I take the money, but only use it for rent and utilities payments and not hire any employees back. My operation make use of more contractors anyway.
With the $600 bonus that is added to the unemployment, the numbers maybe be better for the employees to file unemployment vs being on my payroll.
I think the government messed up a little bit by adding that additional $600 to the unemployment.
Reread my post #4 in this thread... That is a lot of money people are eligible for with out being on anyone's payroll, and also the companies are not on the hook to do anything.
Similar Threads
-
Rapid stopped funding across the board.
By skideeppow in forum Merchant Cash AdvanceReplies: 29Last Post: 03-27-2020, 06:03 PM -
Second Position for a Merchant with Many Over Drafts Average deposits $50k x Month
By microboby in forum Deal BinReplies: 17Last Post: 04-19-2019, 04:25 PM -
Stopped Payments
By Michael Slabitcher in forum Merchant Cash AdvanceReplies: 6Last Post: 01-14-2019, 02:06 PM -
Stopped Processing your Business Type?
By AVP Solutions in forum Payment ProcessingReplies: 0Last Post: 07-29-2015, 10:54 AM