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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sad that they ousted Lisa. She was the best thing that had happened to that club in a long time. Interesting how they have gone from 12 women coaches and staff to now 4 or 5. Good ol' boys are running the show. Not sure how a soccer coach with no busienss experience can run a club vs. someone with a Master's Degree from Georgetown in Sports Management. Not a good look for them. [b]Word from disgruntled coaches say that PPP was received but they aren't using it to restore salaries or return fuloughed employees[/b]. No reserves means no refunds and the hurry up to collect fall fees. [/quote]

I call BS on this. The PPP loan forgiveness require any entity to use at least 75% of the money on payroll (gross pay + health benefits) for 8 weeks. If an entity doesn’t, the loan is not forgiven. The loan is a 1% loan with a 2-year term. [/quote]

this isnt fully correct.  there are way around that[/quote]

Please share. There’s always ways around doing things legally, but it’s a direct way straight to jail. [/quote]

This may help some...

https://www.dcurbanmom.com/jforum/posts/list/878914.page[/quote]

OMG. I thought you would share something intelligent. That thread is filled with erroneous and BS information. [/quote]

****
Then intelligently look it up yourself. There are links in that thread lead you to the information that you seek- if you would take to time to look instead of being a keyboard commando.

For example...

https://www.forbes.com/sites/anthonynitti/2020/04/15/ten-things-we-need-to-know-about-paycheck-protection-program-loan-forgiveness/#12880dea3291

which specifically notes that a company does not have to immediately hire back furloughed employees and the employees do not need to be the same employees.

I found that info through the BS information thread.

Im not defending either side- Im a parent who has lost money also. Just stating facts. [/quote]

you are correct.  hes not.  i work for the state so can confirm. [/quote]

:lol: [/quote]

Sorry that was a smiling emoji but the scripts aren't working...[/quote]

The PP above is 100% correct. At least 75% of the PPP money has to be used for Payroll. Companies/businesses has until 6/30 to rehire their employees back. There’s a Full Time Equivalent (FTE) calculation as part of the forgiveness to determine if a company maintains or rehires all of their employees back and at the same level. Otherwise the forgiveness amount gets reduced. There’s a lot of misinformation on this and the other thread about PPP. I hope people read the SBA website themselves before spouting false information. [/quote]

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