[dillondoyle]

Hopefully taxpayers and business wont be on the hook for the loans - it's up to negotiation now. Personally I hope the large corporations getting 'bailouts' would be required to pay back with interest and or government ownership but any company under a reasonable yearly revenue would be forgiven. I don't know but I would guess they call it a loan is so treasury can leverage an appropriation into a much larger loan amount.

One of the things being negotiated right now is a loan in the amount of current payroll to smb's that would be 100% forgiven if they retain 90% employees. They're completely fucking it up right now but that would be great - if the timelines are good (e.g. keep loaning until this is over, the 90% requirement is so long as $ is loaned).

I am hoping - slight optimistic but scared nonetheless - that passes and we could use. It would remove a lot of stress and given we have low overhead (digital services) even if the worst happened it could keep us afloat almost indefinitely.

BUT fucked up partisan delay + Republicans demanding scary terms are create huge uncertainty which will likely hit markets hard tomorrow.

As written it looks like Mnuchin would have full discretion on who gets loans. Who knows what timeframe or bureaucracy needed to get loan. Even the most optimistic estimate of the individual checks is 2-4 weeks which is not quick enough. Doing a SBA loan is a huge process that takes a long time.