The Biden administration plans to aggressively pursue thousands of small businesses that may have missed payments on an estimated $30 billion in overdue loans.
I think this is a good move. Plenty of PPP money was handed out to the wrong people for the wrong reasons. It was a loan after all and the people I’m talking about sure seems to hate the idea of student loans being forgiven.
I know just such a jackass. Took almost $100k in PPP loans and had it all forgiven. Goes apoplectic at the notion of forgiving student loans. He definitely employees people with student loans. Wish there was a way that didn’t seem just petty as fuck to let them know how their boss wants life to be more difficult for them.
The data obtained by POGO appears to show mass close-outs of 2.7 million flags on two separate days near the end of the Trump administration. On a third day shortly before President Joe Biden’s inauguration, the SBA cleared out 99.1% of “special review” flags, almost entirely assigned to the very largest PPP loans above $2 million.
I think this is a good move. Plenty of PPP money was handed out to the wrong people for the wrong reasons. It was a loan after all and the people I’m talking about sure seems to hate the idea of student loans being forgiven.
I know just such a jackass. Took almost $100k in PPP loans and had it all forgiven. Goes apoplectic at the notion of forgiving student loans. He definitely employees people with student loans. Wish there was a way that didn’t seem just petty as fuck to let them know how their boss wants life to be more difficult for them.
I don’t understand why all these dicks were allowed to get massive loans that they never have to pay back. Wtf.
Trump and the Republican are why.
https://www.pogo.org/investigations/the-great-pandemic-swindle-feds-botched-review-of-billions-in-suspect-ppp-loans
The whole program was designed as welfare for wealthy Conservatives like always.