Received $7000 EIDL Advance from the Treasury

11 comments

• Evasparkling

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  5 years ago

  https://m.imgur.com/a/X11ty6P
• jackslash

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  5 years ago

  What happened to self-reliance and rugged individualism and standing on your own two feet?
• rickdugan

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  5 years ago

  Thank your grandchildren, because they will be the ones saddled with the debt when you're gone. There is no such thing as a free lunch.
• twentyfive

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  5 years ago

  Ya RickiBoi you’re just jealous cuz you ain’t eligible 😆
• rickdugan

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  5 years ago

  ^ Actually I am eligible for PPP, but I can't honestly certify that I need it, which is one of the requirements. When this is all over, I suspect that there is going to be Hell to pay for any firm that took the funds when their businesses did not experience a significant income hit. There are even stories of hedge fund managers taking the loans because, in the view of many, it is free payroll money.
• twentyfive

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  5 years ago

  ^ You’re an idiot and I’m being serious
• rickdugan

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  5 years ago

  ^ Explain
• twentyfive

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  5 years ago

  if you can’t certify that you need it you aren’t eligible for starters
  
• rickdugan

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  5 years ago

  Ah, I see. You're 100% right 25, at least in theory. But there are a lot of firms playing games with the definition of "need." There aren't many businesses that haven't taken some type of hit because of this and many are using their more modest challenges to justify the certification. some are also rationalizing it because they claim to be concerned about what the short-term future holds.
  
  Hence my post above.
• JamesSD

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  5 years ago

  How far will 7k actually go? That can't even be half a months payroll.
• Evasparkling

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  5 years ago

  @JamesSD
  
  That’s the initial disbursements,
  
  I’m still waiting for the full loan offer.