I wish we weren’t funneling everything through the painful twisting fuck up that is PPP, but since we are here in this Bad Place, I support this. https://twitter.com/nivassoc/status/1283911254738898944

Congress: We need to SUPPORT people in the pandemic.
People: Hear, hear
Congress: So we’re gonna set things up so that small businesses get money that they hopefully will pass on to employees
People: Um
Congress: Small-ish, we mean. Maybe.
People: Um.

Congress: We could give money outright but let’s make it a forgivable loan, that will definitely make sure that the people who need it the most get stuck on the paperwork
People: You could just...give us money.
Congress: But this generates billions in fees for the banks!

People: Help, we are getting evicted
Congress: God, with all this new money, the wealthy are gonna be able to pick up a ton of new properties. The economy is gonna boom during the pandemic!

SERIOUSLY PEOPLE WHO HAVE ACTUALLY SMALL BUSINESSES: Please go get your PPP money.

Okay a lot of people are saying, “What if they don’t forgive the money?” and I 10000% get this worry, it is very real. Here is my suggestion: Get the money. Put it in a bank account. Apply for forgiveness under PPP timelines.

If something gets screwed up & it’s not forgiven, you’re still in the 0% interest time period, so immediately repay everything. If it gets forgiven, the money is yours.

(Just clarification on this last point: I think there are two PPP timelines and one is 8 weeks and one is 6 months, and the 6 month one takes you right to the end of the 0% interest range. I think. So just be aware.)