There wasn’t enough PPP to go around and black businesses that would have qualified disproportionately didn’t get it.Quote:
Originally Posted by techman05
https://www.google.com/amp/s/www.vox...ned-businesses
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There wasn’t enough PPP to go around and black businesses that would have qualified disproportionately didn’t get it.Quote:
Originally Posted by techman05
https://www.google.com/amp/s/www.vox...ned-businesses
There was plenty of PPPQuote:
Originally Posted by Guisslapp
If business owners didn't apply they didn't get it. Had nothing to do with the skin color of the owners. Makes for a great narrative...studies show.:icon_roll:
Depends on your banking relationships.Quote:
Originally Posted by PawDawg
I worked 10 years "for" the SBA, and we, all of us providing consulting services to small and mid-size businesses, steered our clients away from the SBA programs, unless there was simply no other alternative. Keep in mind, when all the other stuff, the facade, is stripped away, the SBA is nothing more than just another unwieldy inefficient, ineffective guvmint program...period. Many businesses smartly did not enter the PPP program, mostly because of the initial 75% retention policy making it a grant, rather than a loan. Why would a business need all, or 75%, of their staff when their business was shutdown, generating zero revenue, and then the business taking on the burden of this guvmint program? Some businesses...mid-size, WHITE OWNED, that did, now wish they hadn't. I sit on the board of one of them and our CFO is having to juggle the repayment of just a portion of it. The red tape, the hidden costs, the paperwork! is making this a nightmare. Fortunately, we'll have retired this debt by August/September...and then as the CEO stated "NEVER AGAIN!"
Obummer hamstrung the banking industry with 8 years of new regulations which then had the most impact on those marginal banking customers, including entrepreneurs and small business owners. And YES! it had a disproportionate impact on many in the minority community who lacked other assets to offset the additional requirements. While Trump did roll back many of those stupid regs, he never finished the job, leaving some in place, and only modifying others.
But, this is not the whole story as to why black-owned business might be impacted more, percentage-wise, than white or Asian businesses might be. There is 70 years of recent history that has greatly contributed to the reality of today.
Duh. The retention requirements for reimbursement were known from the beginning. With PPP, many businesses survived the pandemic while keeping people on payroll that wouldn’t have otherwise. If you want it to be a “grant” rather than a loan, you have to use the money for reimbursable things and meet the employment requirements.
And PPP was far better than an SBA loan.
Quote:
Originally Posted by Guisslapp
Nah, the PPP was not geared toward helping businesses survive, it allowed workers to sit at home and still get paid. And the proof of that is what we are seeing right now, with businesses having trouble getting folks back to work. It did not help business owners and in fact has proven to be quite the contrary across the board.Quote:
Originally Posted by Guisslapp
Yes, on it being better than an SBA loan.
Would you rather the workers sit at home and get enhanced unemployment and make it harder for the business to restart successfully?Quote:
Originally Posted by dawg80
It was also geared towards keeping rents and business loans being paid to avoid defaults.
Many black people lost their businesses when BLM and antifa rioted and looted in P0rtland, Minneapolis, and many other large cities. There were several people arrested and released and the charges against them were dropped. Biden hasn't said one thing about stopping these thugs from destroying people's property. Nobody is going to start a business right now when the government will not help them protect their business. The whore even helped these thugs destroy black businesses by bailing them out of jail and letting them back on the streets.
Total crock by liberal google.Quote:
Originally Posted by Guisslapp
100% truthQuote:
Originally Posted by DONW
That isn’t google.Quote:
Originally Posted by TYLERTECHSAS
Wonder how many will lose everything because of the MLB move from 50% Atlanta to whitey-run Colorado.Quote:
Originally Posted by DONW
MLB is racist, and Abrams is just stupid.
Is this systemic racism?
A young black pre-teen kid asks his mother,
"Mama, what is Socialism and what is Racism?”
"Well, Child.....Socialism is when the white folk work every day so we can get all our governmental entitlement stuff for free.
You know.....like our free cell phones for each family member, rent subsidy, food stamps, EBT, WIC, free school breakfast, lunch, and in some places supper; free healthcare, utility subsidy, and a Riot every now and thenso we can loot…………..it’s like shopping for free, and on and on.....you know, that’s Socialism.”
"But, mama, don't the white people get pissed off about that?”
"Sure they do, Honey. That's called Racism.”