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[quote=Anonymous][quote=Anonymous]The PPP stands for Payroll Protection Program. At least 75% has to pay for employee (staff and coaches) payroll and 25% for utility costs (electricity, water and telecommunications).

There’s no mention of refund of money to customers (parents) in the SBA PPP Bill.

Soccer Leagues and Clubs declaring economic hardship is very easy to prove/justify to their lenders and the SBA.

PP above indicating any clubs that applied for PPP and not refunding the parents could be in trouble is 1000% wrong. [b]Please go read the bill[/b]. [/quote]

PP here who writes about this.

I agree, if you read the bill then it looks fine.  But the interpretation of the bill keeps changing.

If you read the PPP FAQs (that keep changing), the clubs would be in trouble if there is an audit.

The money is intended to be used between the date of loan origination and the following 8-weeks.  The prepaid soccer season lasts longer than the current 8 week limit to use the funds.

Whether the SBA is legally allowed to keep changing the rules of the game and using "vague" terms is another issue.[/quote]

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