Covid 19 Business loans,SBA loans are eligible?

Did you receive any information about disaster loan?

 

Nope, nothing and I start doubting if I even get anything

 

I was just reading up on the information online i applied for the hell of it but i doubt anything will be done from everything ive read and its a shame that we the people who are out here actually working for a living seem to matter the least good look to you stay safe i appreciate the response

 

Well if your out here working, why do you need a loan? Some small business have been closed for almost a month now, I think they need the money more than people out here still working.

It sound like the whole thing is a fluster cluck anyway, imagine that, a government run program being a disaster.

 

Well, I see freight drying up. Don’t want to get behind on any bills. I heard today that 60% of rents went unpaid already. Don’t know what to believe. I do have debt that could be paid off with a 1% loan much easier than current high rates. That would be of great help. And will help keep Me working self employed, out of the Job market. But I’ll make it either way, always do. All the “programs” like unemployment,workman’s comp, are more hassle than they’re worth. Make for good sound bites. The whole thing is a joke. Big bussiness will hire someone to take advantage of the handouts, like always. The rest of Us are too busy working.

 

The one reason that Banks are even lending that money on paper at 1% is that the banks themselves are not exposed to the debt should the business owner fail to repay it. Uncle Sam has done a good job in trying to tell everyone with a pulse to take advantage of it. And they are trying to go back for another 350 billion to feed this program gone wild?

None of it will be repaid. Ever. I don't even know if a business will still be in existence 4 months from now across the board.