The small business PPP funds saved 100,000's of small businesses including ours.
The month of May we saw a 70% decline in revenue, you can't survive that. June was better, but still a 40% decline.
July will be at least 30%. And we are doing better than MOST.
Our PPP $$$ to pay wages ends in 3 weeks. And speaking to many folks, that is pretty close to when most others are going to exhaust the funds.
Congress went on vacation with a big Fuck you we're outta here... so whether there will be any additional funds is a question.
One key problem is Trump and the houses are concentrating on more windfall money to individuals, which like the first, wasn't needed and DID NOT HELP small businesses. Instead of giving people who don't even need the money the funds, provide add'l PPP to pay wages. But that doesn't secure votes. So that will not happen.
Get ready for the fall
The month of May we saw a 70% decline in revenue, you can't survive that. June was better, but still a 40% decline.
July will be at least 30%. And we are doing better than MOST.
Our PPP $$$ to pay wages ends in 3 weeks. And speaking to many folks, that is pretty close to when most others are going to exhaust the funds.
Congress went on vacation with a big Fuck you we're outta here... so whether there will be any additional funds is a question.
One key problem is Trump and the houses are concentrating on more windfall money to individuals, which like the first, wasn't needed and DID NOT HELP small businesses. Instead of giving people who don't even need the money the funds, provide add'l PPP to pay wages. But that doesn't secure votes. So that will not happen.
Get ready for the fall