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Re: JakeFI post# 134774

Tuesday, 05/05/2020 9:43:07 PM

Tuesday, May 05, 2020 9:43:07 PM

Post# of 163982
PPP funds have to be used for eligible expenses even after the 8 week period...Only for payroll, payroll costs, rent and a few other categories.

Use of the funds is subject to government review.

The 8 week period is only used to calculate forgiveness.

But the challenge for VYST will be the issue of publicly traded companies getting the loan and SBA is starting to shut the door on that one.

"Harsh reality is always better than false hope"

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