A small biz owner told me she received PPP but can't seem to get herself to call her employees back to work bc they're receiving more in unemployment benefits. So, she's going to return the PPP (bc 75% has to be used on payroll) & mark a loss for her business & go into debt.
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That’s when she hires can they hire new workers? Some people who didn’t get UI might be interested in working
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She considered this before but didn't want to then lay the new hires off to get the old hires back or vice versa bc of the disruptions to their households, plus other reasons. And now she's already in the last couple wks of her 8 wk period.
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Seems like she could pay them more than their UI to encourage returning to work.
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Bc of a sudden drop in most of her revenue, she's already in debt and is not sure if she can keep up the $25/hr after Covid19. So she would rather have her old employees have stable income via EDD. She's still exploring options w her financial advisor.
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It was the worst set-up possible. I can't free up my employees to file for UI and still receive a loan, they can't quit and still file. And the bottom line for me: how can I maintain my payroll when I lose my space because I can't pay my rent? It's bananas.
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Shoulda had unconditional money. Then people would want to work and make more. This is the government’s fault.
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