$10,000 EIDL GRANT

Apparently the PPP has created two new problems.

A Business owner managed to get PPP to pay essentially regular wages to her employees to avoid unemployment for them. What happened? They all got ANGRY with her. They DEMANDED unemployment for that nice 4000 something cash dollars a month. They were not grateful to keep slogging in the salt mine for ordinary wages.

I think if we try to reopen the USA with all the people on a sugar or make believe drug high induced money piles or mountains of cash each week... they are not ever going to go back for less than say 25 dollars a hour minimum. They rather say home and go back when UI runs out. PPP or not.

Biz owner shocked by angry response when she tells employees paychecks will resume: They see a ‘windfall’ coming

 

Here you might have a chance at getting a piece of the loan pie now... Facing furor, Ruth's Chris high-end steak chain returns $20M small-business loan

 

My apologies. I am a little slow sleeping at the railroad switch.

 

It's all over the internet. That story.

Returning the money so far.
Harvard, yale, shake shack, ruth's.

Don't know who else

 

Nothing is available yet.
I will keep checking. The system might crash when small businesses that were left out last time will all apply at the same time. And they will since they are not able to apply for unemployment benefits yet.

 

I wouldn't expect it till sometime next week.

Don't know what time he signed it. But it'll probably take a couple business days to get it in the system.

 

Think I heard on some news program that all the returned money might not make it back into the PPP.

 

So, the bill has been signed. Now, they will most likely continue to process applicants who were able to apply. For the rest of us, the clock is ticking.
I’m not sure if there will be anything left for business owners who didn’t apply firsthand.