PPP: $350 billion gone in less than two weeks; and not to small biz owners!

For some this is "old news", however the aftermath lingers; especially as congress talks about a second stimulus bill. Here are a few words from several media outlets. After reading this, if you are not yet a member of NFIB please contact me and let's get you a very affordable membership. Please do your part as your business neighbors are counting on you and I to keep small business strong. Just use my Contact Form on this page. 

In this article, Join NFIB, Recapture Taxes and Get Additional Monies over the PPP which doesn't need to be repaid, and get up to $9600 per new hire.

Here are those "words"... 

The rush to distribute nearly $350 billion in federal aid from a popular — and now empty— small business relief fund resulted in the government sending billions to areas of the country with relatively few novel coronavirus cases, to companies in industries that have not been the hardest hit by the shutdown, and to companies that are not even small businesses.

So where did the Paycheck Protection Program's ultra-low-interest loans to small businesses go so quickly? Here are early details from the latest available U.S. Small Business Administration data:

Businesses in Texas got more PPP loans than any other state, although Texas has nearly 16,500 COVID-19 cases, or the tenth biggest coronavirus disease caseload in the U.S, according to Friday data from the Centers for Disease Control and Prevention. New York, with about 216,000 cases, by far the most of any state, ranked fourth in the number of PPP loans.

The owner of the Ruth's Chris Steak Houses chain got $20 million from the small business loan program, despite having more than 5,000 employees and $468 million in revenue last year. It is one of more than 50 publicly traded companies that have already disclosed nabbing nearly $250 million in PPP funds. READ MORE. 

The Trump Administration isn't happy with large corporations like Shake Shack, Ruth's Chris, and Potbelly receiving government stimulus aid meant for small businesses as their smaller competitors struggle to access the funds. READ MORE.

So I've already shared one solution to all of this and that is to become an informed and active member of NFIB. When you use the Contact Form on this page, I'll get your request. Leave me your email and phone number. If you would rather just leave me your email that's fine too, I'll get back to you and we'll set up a phone call.

Secondly, and time is running out on this; you can recapture much of your taxes you paid during the last five years; plus get monies from programs your CPA doesn't even know about or think worthy of looking in to. As a senior advisor with Stryde, I and my team use our proprietary software to use thousands of data bases to find you monies you don't have to repay. CLICK HERE for more info on this and CLICK HERE to find out how to get up to $9600 per each new hire you hire this year going forward.