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micro x10

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micro x10

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Sunday, 04/26/2020 8:06:34 PM

Sunday, April 26, 2020 8:06:34 PM

Post# of 3654
I was hoping see a PR about the Company receiving the SBA Payroll Protection Loan. Either they dropped the ball on this and didn't apply or received the money and just aren't announcing it.

Basically, if they did apply and received the money, it would be 2.5 times their monthly payroll, benefits, rents, and utility expenses. As long as the money is used for these expenses,it becomes a grant and not a loan, which means they don't have to pay it back.

Lets hope the Company's CFO was all over this. The money would go along way in helping them thru the Pandemic.
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