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Old 04-05-2020, 08:40 AM
Nordhagen Nordhagen is offline
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[QUOTE=retiredguy123;1740602]I don't understand how the Federal stimulus bill will really help a small business to survive. You can pay your employees, but they are not doing any work for you. You can get a loan, but you still need to pay your rent and other fixed expenses with no income to offset them. Many businesses are stuck with a multi-year lease. When you reopen in a few months, will your customers come back? And, what about your employees? They may decide to do something else. I think a lot of small businesses will be gone forever.[/QUOTE
In the legislation, payments of rent or mortgage plus utilities can be forgiven as well as long as the employees are paid.