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The Corner


Joined: 2/2/01 Posts: 26328
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The bailouts are a separate part of CARES Act, with their own problems

I'm not talking about the direct payments to airlines and other too big to fail types.

For the under 500 employee set, they can borrow money, maintain payroll for 8 weeks and get full forgiveness of principal. They can borrow up to 2.5x average monthly payroll costs.

(In response to this post by Zhoo)

Posted: 04/02/2020 at 1:39PM


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Current Thread:
  I have never seen deflation in my lifetime -- HoonDog 04/02/2020 10:19AM
  Didn't know that. Thanks. ** -- HoonDog 04/02/2020 11:01AM
  Expect 20-25million ** -- Zhoo 04/02/2020 10:31AM
  Agree, April and May will be tougher -- hooman#1 04/02/2020 10:56AM
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