Bank of America: 58,000 small businesses ask for $6B in loans since 9 a.m

Re:Bank of America: 58,000 small businesses ask for $6B in l... by tathougies on Friday April 03, 2020 @05:12PM (#22774000)

> These SBA loans are a bandaid.

Why? They're completely forgiven if they keep their employee.s This isn't really a loan, but free money.

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Re:Bank of America: 58,000 small businesses ask for $6B in l... by gumby on Friday April 03, 2020 @05:35PM (#22774154)

And if the situation stabilizes after a few months then the bandaid will have worked. If there’s a year or two or more of recovery than the bandaid will have adequate (perhaps another will be possible, perhaps not' who knows)

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