[Winning]

Would you turn-down the $10,000?

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.

[WestCoastFunding]

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.

The $10,000 would be the EIDL cash advance. Does not have to be repaid.