Attn: Small Business Owners — you DO NOT have to lay off your employees. The @SBAgov “Paycheck Protection Program,” passed by @HouseDemocrats, provides a forgivable loan for 2.5 months of your payroll, if #coronavirus affected your business. Learn more at:https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp …
That’s not true. Stop spreading misinformation. You only get this money if you retain employees. Or rehire.
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SBA put out new contradicting guidelines today. All 1099 employees are now disqualified and have to apply on their own. Banks won’t accept applications if you don’t have a business account and lending product. Effectively removes them from the program. Underhanded and mismanaged.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Actually, you can get the money no matter what. You can only the loan FORGIVEN if you retain your employees for 8 weeks after you get the loan. It's a nice low-interest rate loan. No reason a scummy business can't grab the loan and fire everyone.
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