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You will be outraged when you see this...who got free PPP money

 
Anonymous Coward
User ID: 66570724
France
01/24/2021 11:35 AM
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Re: You will be outraged when you see this...who got free PPP money
This is a complete mischaracterization of how this loan works. U have to show/prove what ur payroll is via tax return or other official documents. Granted some got it that didn’t really need it, but all’s fair in love and business
 Quoting: Anonymous Coward 79970725


All is fair in love and business you said, so if let's say a pimp of lots of intimate houses is being infected by the virus with the red stuff upon the circle of it, then, can sign up and get payed for losing money from all those nice ladies that bring money? :)
 Quoting: Anonymous Coward 66570724


Affected that is.
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 11:37 AM
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Re: You will be outraged when you see this...who got free PPP money
This is a complete mischaracterization of how this loan works. U have to show/prove what ur payroll is via tax return or other official documents. Granted some got it that didn’t really need it, but all’s fair in love and business
 Quoting: Anonymous Coward 79970725


Not a complete recharacterization. If you made about the same or more $ how is it that you need government help to meet you payroll and pay rent??????????

Guess what happened to that money? It went to owner's bonus.

Or at least 1 guy in here posted he got an bonus.
 Quoting: Anonymous Coward 77419313


What I mean is 1 guy posted that his employer spread the love and gave him a bonus so they did not take all of it for themselves. But he admitted they had a banner year. So why did they get your tax dollars? And don't forget about the $5000 per employee for 2020 and $7,000 per quarter per employee for 2021. These are payroll tax credits the company gets via IRS payroll form 941 and or form 7200.
Alpacalips

User ID: 77694187
United States
01/24/2021 11:41 AM

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Re: You will be outraged when you see this...who got free PPP money
Thanks for the link, OP.
StarF

User ID: 77939003
United States
01/24/2021 11:46 AM
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Re: You will be outraged when you see this...who got free PPP money
I don't know OP, I'm not feeling a lot of rage since I understand the gov shut down the economy and we all (apparently) sat back and let them.

Was this supposed to be your way of getting rid of undesirables? Let the gov create crisis and then tailor intervention to only your "worthy?"

Is that why the first reply is about churches?

I guess some of you are getting a lesson in collectivist morality; you don't control jack squat even when it's your money.
Star
Anonymous Coward
User ID: 79965346
United States
01/24/2021 11:48 AM
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Re: You will be outraged when you see this...who got free PPP money
When you put your local zip codes you'll find that most businesses are taking money from this, but at 1% payback it's a no brainer.
Anonymous Coward
User ID: 79588842
United States
01/24/2021 11:48 AM
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Re: You will be outraged when you see this...who got free PPP money
A lot of Contractors here in San Diego, they are slammed right now with work, but yet they needed the money?
samOmighty

User ID: 75969252
United States
01/24/2021 11:52 AM

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Re: You will be outraged when you see this...who got free PPP money
My company received $417k to cover payroll for 25 employees.
We used every penny of that money on payroll, including all 25 employees Kaiser bill which is $17k per month.
We got 100% full forgiveness because of how we used that money.

It drives me NUTS to see companies on that list with ZERO employees that received hundreds of thousand or even millions of dollars. I was forced to lay off all the workers and they were supposed to survive on unemployment in Cali which several of them never received a check. All that changed once we got the PPP and could pay the guys their full hourly rate for the 8 weeks we had that money.

Benefits: We had to pay payroll taxes each pay period which is several thousand dollars each payroll. This is NOT covered by the PPP so my company is out $39k in payroll taxes for the weeks we used the PPP money. We also had to pay workers compensation for all our employees to sit at home which was $16k and the PPP money does not cover that. However, we are fighting this because WTF. Why should an insurance company get paid to cover people for working when everyone is sitting at home?
Anonymous Coward
User ID: 78867041
United States
01/24/2021 11:57 AM
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Re: You will be outraged when you see this...who got free PPP money
ah yes, our local illegal alien employer at the very top....

Wheat's Lawn And Custom Landscaping, Inc VIENNA VA 22180 $1,866,838 188 employees Landscape Architectural Services
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 11:57 AM
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Re: You will be outraged when you see this...who got free PPP money
I don't know OP, I'm not feeling a lot of rage since I understand the gov shut down the economy and we all (apparently) sat back and let them.

Was this supposed to be your way of getting rid of undesirables? Let the gov create crisis and then tailor intervention to only your "worthy?"

Is that why the first reply is about churches?

I guess some of you are getting a lesson in collectivist morality; you don't control jack squat even when it's your money.
 Quoting: StarF


It is pointing out that lots and lots of businesses got free money that were not harmed at all.

Some of the businesses really suffered and still are suffering. A lot of them did not and are not.

I can see churches suffering because tithes are down - right? People did not attend church. I am not a church hater.

But other people did the same or better and still got free $.

i.e. if you use a lawyer or CPA did you not use their services due to covid? Hell no you still got what you needed from the lawyer and the CPA still did your tax return. Many still wnet to the doctor. Why are they in my area getting enormous sums of money? Real estate agents in my state did very well. Better in 2020 than they did in 2019. Why did they gets lots of $?

Do you have an issue with someone like Tom Brady or congress people getting free $? Where does it end? Also, even so a rightfully so needy restaurant hit hard.
Aren't we in a free market so if they fold they fold? Why do you and I have to pay for their payroll and rent to keep them open? Where does it end?
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 11:59 AM
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Re: You will be outraged when you see this...who got free PPP money
When you put your local zip codes you'll find that most businesses are taking money from this, but at 1% payback it's a no brainer.
 Quoting: Anonymous Coward 79965346


There is no payback on PPP You can get it 100% forgiven. EIDL loans must be paid back.

PPP = free no payback if you use for rent payroll utilities
EIDL payback over 30 years
Anonymous Coward
User ID: 77986435
Netherlands
01/24/2021 12:01 PM
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Re: You will be outraged when you see this...who got free PPP money
Where do they give away free money and where is the signup form?

Thank you!
 Quoting: Anonymous Coward 66570724


look at sba website. www.sba.gov

It explains it all. PPP loans you do via your bank or microlender but are sba loans that are forgivable and nontaxable. Totally free $. God bless America.
 Quoting: Anonymous Coward 77419313


What if I'm not a business owner, can I still get some free money this way?
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 12:01 PM
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Re: You will be outraged when you see this...who got free PPP money
A lot of Contractors here in San Diego, they are slammed right now with work, but yet they needed the money?
 Quoting: Anonymous Coward 79588842


yes you see my point of posting.

As well as what if their business was down. Are we not a free market economy let them fold or should you be forced to pay to prop them up? That is the discussion issue, moral points etc.
Anonymous Coward
User ID: 79944457
United States
01/24/2021 12:11 PM
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Re: You will be outraged when you see this...who got free PPP money
They’re loans dude, they have to be paid back.
 Quoting: Anonymous Coward 79907296


Forgivable loans
samOmighty

User ID: 75969252
United States
01/24/2021 12:12 PM

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Re: You will be outraged when you see this...who got free PPP money
A lot of Contractors here in San Diego, they are slammed right now with work, but yet they needed the money?
 Quoting: Anonymous Coward 79588842


yes you see my point of posting.

As well as what if their business was down. Are we not a free market economy let them fold or should you be forced to pay to prop them up? That is the discussion issue, moral points etc.
 Quoting: Anonymous Coward 77419313

While I agree with you in principle, this collapse was orchestrated 100% by the State. It's one thing to let failing companies crash due to mismanagement but the least the State can do is help to prop up the jobs they are FORCING to close.

But make no mistake - this is all a part of the Great Reset. In order to implement a central planning department, they need to ruin the nation first. The single best way to do that is to have the State kill the jobs in the name of 'safety' so the people are so desperate for work they will vote in a Central Planning Department not knowing wtf it actually does.
Emerald_Empress

User ID: 59012273
United States
01/24/2021 12:16 PM

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Re: You will be outraged when you see this...who got free PPP money
Thanks for the link OP. Checked out my area and looks like almost every business in our town got some PPP. I applied for PPP funds for our business and received it last year and it was 100% forgiven. Just applied for the 2nd round PPP and was approved. Our business did suffer economically, 25% reduction even though we were operating the whole time. I also applied for EIDL but only took the advance that was forgiven, but did not accept the $100,000+ loan they offered.
DeploraVision ™

User ID: 14035989
United States
01/24/2021 12:24 PM
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Re: You will be outraged when you see this...who got free PPP money
They’re loans dude, they have to be paid back.
 Quoting: Anonymous Coward 79907296


Wrong they are forgivable if you spent the $ on rent, utilities, 60% payroll, even owner's payroll. You are 100% wrong.

Look at the SBA website. People are in the process of applying for forgiveness and I know many who have already applied and received 100% forgiveness.

DO NOT SPREAD WRONG INFORMATION.
 Quoting: Anonymous Coward 77419313


The good news is that fraud is now legal - as long as its with taxpayer dollars - right?

Just ask any demoncrat..

jay
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Xuki

User ID: 72417015
United States
01/24/2021 12:26 PM

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Re: You will be outraged when you see this...who got free PPP money
A lot of Contractors here in San Diego, they are slammed right now with work, but yet they needed the money?
 Quoting: Anonymous Coward 79588842


yes you see my point of posting.

As well as what if their business was down. Are we not a free market economy let them fold or should you be forced to pay to prop them up? That is the discussion issue, moral points etc.
 Quoting: Anonymous Coward 77419313


In my area, 37862 tn. I noticed most of the businesses that took the loot remained opened. The top takers off PPP are very wealthy folks.

So basically the businesses get free labor as the workers were there but the tax payers got to pay their paychecks. I could understand if they closed the doors or sent people home and used the money to stay afloat. But hell no! They remained open and at full capacity and took the loot.

Funeral homes LOL! The bodies would be stacked like cord wood as death does not consider shutdowns.

I only use my area as an example as we do not see economic downturns like the rest of the country. During the gulf oil spill crisis we grew 6% as Gatlinburg, Pigeon forge, Sevierville area is a nice middle of the road getaway. Our town has seen a lot of tourists this year. You would think the hotels and restaurants would have applied more so than the other entities.

I guess they all have creative accountants who advised them to apply for the free loot.
"If you gotta eat a turd eat it fast."
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 12:26 PM
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Re: You will be outraged when you see this...who got free PPP money
Thanks for the link OP. Checked out my area and looks like almost every business in our town got some PPP. I applied for PPP funds for our business and received it last year and it was 100% forgiven. Just applied for the 2nd round PPP and was approved. Our business did suffer economically, 25% reduction even though we were operating the whole time. I also applied for EIDL but only took the advance that was forgiven, but did not accept the $100,000+ loan they offered.
 Quoting: Emerald_Empress


if you got ppp2 then yes by default that means you took a hit. As far as every business in your town getting ppp 1 it is evil. Not all of them suffered. We have to pay for their free $.
Anonymous Coward (OP)
User ID: 77419313
United States
01/24/2021 12:28 PM
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Re: You will be outraged when you see this...who got free PPP money
They’re loans dude, they have to be paid back.
 Quoting: Anonymous Coward 79907296


Wrong they are forgivable if you spent the $ on rent, utilities, 60% payroll, even owner's payroll. You are 100% wrong.

Look at the SBA website. People are in the process of applying for forgiveness and I know many who have already applied and received 100% forgiveness.

DO NOT SPREAD WRONG INFORMATION.
 Quoting: Anonymous Coward 77419313


The good news is that fraud is now legal - as long as its with taxpayer dollars - right?

Just ask any demoncrat..

:jay:
 Quoting: DeploraVision ™


my fear is wait until the stimulus round 3 or 4 or 5 and so on with them
StarF

User ID: 77939003
United States
01/24/2021 12:35 PM
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Re: You will be outraged when you see this...who got free PPP money
I don't know OP, I'm not feeling a lot of rage since I understand the gov shut down the economy and we all (apparently) sat back and let them.

Was this supposed to be your way of getting rid of undesirables? Let the gov create crisis and then tailor intervention to only your "worthy?"

Is that why the first reply is about churches?

I guess some of you are getting a lesson in collectivist morality; you don't control jack squat even when it's your money.
 Quoting: StarF


It is pointing out that lots and lots of businesses got free money that were not harmed at all.

Some of the businesses really suffered and still are suffering. A lot of them did not and are not.

I can see churches suffering because tithes are down - right? People did not attend church. I am not a church hater.

But other people did the same or better and still got free $.

i.e. if you use a lawyer or CPA did you not use their services due to covid? Hell no you still got what you needed from the lawyer and the CPA still did your tax return. Many still wnet to the doctor. Why are they in my area getting enormous sums of money? Real estate agents in my state did very well. Better in 2020 than they did in 2019. Why did they gets lots of $?

Do you have an issue with someone like Tom Brady or congress people getting free $? Where does it end? Also, even so a rightfully so needy restaurant hit hard.
Aren't we in a free market so if they fold they fold? Why do you and I have to pay for their payroll and rent to keep them open? Where does it end?
 Quoting: Anonymous Coward 77419313


The program wasn't means tested but forgiveness is qualified. If someone misrepresented their payroll/FTEs, they are paying that back at 1%. This isn't "free money" like the CARES Act.

Do you talk to CPAs and Drs? Many took a hit. People had less money. My PCP turned away everyone for 3+ months, same with the kids' pedi. They would not see anyone. CPAs typically make money when their clients make money (otherwise, what taxes are they paying?!?).
Star
Mdc61170

User ID: 32729410
United States
01/24/2021 12:43 PM
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Re: You will be outraged when you see this...who got free PPP money
Thanks op this is a great find.
I found some interesting handouts.Even saw a guy I work for
got a loan. The worst offender has gotta be liquor stores.
They re sales went up.
Two roofs over my head
Crichton clan-God.Send.Grace

Study to show thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth (2 Timothy 2:15)
Anonymous Coward
User ID: 78090287
United States
01/24/2021 12:43 PM
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Re: You will be outraged when you see this...who got free PPP money
I dont see any local restaurants, gyms, beauty supplies there, just doctors and plumbers and contractors. Have never heard of any of them, been here 25 years!
Non compos mentis Bill Wick

User ID: 77099315
United States
01/24/2021 12:47 PM
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Re: You will be outraged when you see this...who got free PPP money
post the worst offenders in your hood maybe without naming names

Mine are doctors lawyers CPAs but the worst is a person who started a major fortune 500 home improvement company and an NFL football team owner who got a huge sum for a community center they started. It has swimming pools, tennis courts daycare that kind of community center.
 Quoting: Anonymous Coward 77419313


A Kenyan phag who started destroying this nation and works for Netflix got millions. His wiggur pet on a leash got billions and got promoted via fraud to President Senile Wiggur.

ohappy biden2

Last Edited by Dollar Bill on 01/24/2021 12:48 PM
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Anonymous Coward
User ID: 79944898
United States
01/24/2021 12:47 PM
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Re: You will be outraged when you see this...who got free PPP money
Cheating the system is something to complain about, but for most of these businesses, it's a matter of taking the loan, within their legal rights, or the government will give double to the competition.

It's just business.
Anonymous Coward
User ID: 77909687
United States
01/24/2021 12:50 PM
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Re: You will be outraged when you see this...who got free PPP money
The worst part is that churches got it.
 Quoting: Anonymous Coward 73503846


Most “churches” are part of the corporation.
DeploraVision ™

User ID: 14035989
United States
01/24/2021 12:54 PM
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Re: You will be outraged when you see this...who got free PPP money
They’re loans dude, they have to be paid back.
 Quoting: Anonymous Coward 79907296


Wrong they are forgivable if you spent the $ on rent, utilities, 60% payroll, even owner's payroll. You are 100% wrong.

Look at the SBA website. People are in the process of applying for forgiveness and I know many who have already applied and received 100% forgiveness.

DO NOT SPREAD WRONG INFORMATION.
 Quoting: Anonymous Coward 77419313


The good news is that fraud is now legal - as long as its with taxpayer dollars - right?

Just ask any demoncrat..

jay
 Quoting: DeploraVision ™


my fear is wait until the stimulus round 3 or 4 or 5 and so on with them
 Quoting: Anonymous Coward 77419313


So what; are you afraid they'll run out of ink or something? Its just paper, print print print!


[link to www.youtube.com (secure)]
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Anonymous Coward
User ID: 79584750
United States
01/24/2021 12:57 PM
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Re: You will be outraged when you see this...who got free PPP money
WTF a lawnscaping service got 1.3 million here...
Interested_1

User ID: 79065899
United States
01/24/2021 12:59 PM
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Re: You will be outraged when you see this...who got free PPP money
It looks like every realtor in town took PPP...and it was a record year for home sales, with prices increasing ~25%. My home's value is now 50% more than when I bought it 4 years ago.

I should get out before that changes.
Take the red pill now...later it will come as a suppository.
Bad Pattern

User ID: 79040234
United States
01/24/2021 01:00 PM

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Re: You will be outraged when you see this...who got free PPP money
bump
Anonymous Coward
User ID: 77119396
United States
01/24/2021 01:01 PM
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Re: You will be outraged when you see this...who got free PPP money
Thanks for the link OP. Checked out my area and looks like almost every business in our town got some PPP. I applied for PPP funds for our business and received it last year and it was 100% forgiven. Just applied for the 2nd round PPP and was approved. Our business did suffer economically, 25% reduction even though we were operating the whole time. I also applied for EIDL but only took the advance that was forgiven, but did not accept the $100,000+ loan they offered.
 Quoting: Emerald_Empress


I am tempted to apply knowing I was going to retire anyway. I think that's slimy of me, but free money is free money right??





GLP