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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    1. Pinboard‏ @Pinboard 8 Apr 2020

      The Paycheck Protection Program has been a complete disaster. Most businesses haven't even been able to apply, let alone receive the funds, the program is already out of money, and Congress sent itself home (the Senate until April 20). No one's paycheck was protected at all.

      7 replies 76 retweets 192 likes
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    2. Pinboard‏ @Pinboard 8 Apr 2020

      The point of the program was supposed to be to preserve jobs by helping small businesses meet payroll, but it instead became a contest about who could muscle to the front of the line, or get in at all before banks shut off the ability to file applications.

      2 replies 10 retweets 38 likes
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      Pinboard‏ @Pinboard 8 Apr 2020

      Has anyone who followed me tried to apply for PPP funds? Were you able to file? Did you get a disbursement? How long did it take?

      10:31 PM - 8 Apr 2020
      • 4 Retweets
      • 17 Likes
      • Sam Fenster Mihai Chereji Eli Courtwright Dr. Loh Toni Chan-Goldsobel, Juris Doctorate Allways Scott Arciszewski John D Pell ‏pix
      9 replies 4 retweets 17 likes
        1. Pinboard‏ @Pinboard 8 Apr 2020

          Our political class is so incompetent that they can't even figure out how to give away free money.

          2 replies 27 retweets 74 likes
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        2. ichi‏ @ichiisan 8 Apr 2020
          Replying to @nexussays @Pinboard

          Did they tell you why? The CARES act language is so broad that pretty much everyone qualifies for PPP.

          0 replies 0 retweets 0 likes
        3. Show replies
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        2. ichi‏ @ichiisan 8 Apr 2020
          Replying to @Pinboard

          Many banks are either not accepting apps yet; doing phased rollouts (smaller, single owner businesses first); or accepting, but not processing applications.

          1 reply 0 retweets 0 likes
        3. ichi‏ @ichiisan 8 Apr 2020
          Replying to @ichiisan @Pinboard

          The ones at head of line are those w/ existing credit relationships, which is not necessary bad thing, but so many affected businesses (think contractors or non-cap intense biz) run on cashflow only, and no financing.

          1 reply 0 retweets 1 like
        4. Show replies
        1. Minh Ngo‏ @minhtngo 8 Apr 2020
          Replying to @Pinboard

          Filed within hours of the applications being accepted. Got word that the lender ran out of funds almost immediately and is awaiting on new guidance from the government.

          0 replies 5 retweets 6 likes
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        2. hughw‏ @hughw 8 Apr 2020
          Replying to @Pinboard

          Chase opened their web app yesterday afternoon. I worked it to the last page. Error! Start over. Work to last page. Error! I see faint text under error pane. It’s an overlay. Chrome debugger, “display:none”. The form appears! Tick 6 more boxes and “success”, confirmed by email.

          1 reply 0 retweets 4 likes
        3. hughw‏ @hughw 8 Apr 2020
          Replying to @hughw @Pinboard

          Now awaiting the consequences. They possibly didn’t receive the payroll doc upload. There’s no support, the branches can’t help, it’s all coming from a hermetically sealed IT operation.

          1 reply 0 retweets 0 likes
        4. Show replies
        1. corinne gordon‏ @SpareCake 8 Apr 2020
          Replying to @Pinboard

          My mom requested $x, banker said "ask for 3x!", but then the next day "just kidding, we're out of money, you can have 1/3x".

          0 replies 0 retweets 1 like
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        1. Hidees13‏ @Hidees13 8 Apr 2020
          Replying to @Pinboard

          Saturday my husband applied within minutes of the app opening. (He has been prepping numbers for days prior) He found out today he was approved and hopefully will be funded on Friday.

          0 replies 0 retweets 2 likes
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