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Re: samplescave post# 47955

Thursday, 04/30/2020 2:05:37 PM

Thursday, April 30, 2020 2:05:37 PM

Post# of 72955
I hope he does if any of his subsidiary are shut down or affected. Alpine is the Parent company which owns multiple subsidiary which are treated as separate entities. Would be a smart move as they follow the guide lines. Would be a smart move. Only a moron would pass on helping their employees.

Who is eligible for a PPP loan?
Each business that was existing and paying payroll and payroll taxes on or before February 15, 2020, with no more than 500 employees (or the size standard in number of employees that may be established by the SBA), can apply for the new PPP loans. The number of employees would need to be added across all the business’s affiliates (i.e. the total number of employees of the business, any parent, any subsidiary, and any other business under common control must not exceed the applicable threshold), except for franchisees, certain businesses in the hospitality and food service industries (those in NAICS Sector 72), and other companies that receive financing from a small business investment company licensed under the SBA. In addition, the 500 employee threshold is determined on a per-location basis for certain businesses in the hospitality and food service industries.
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