Why did you start a different thread for each company? If you really felt the need to create a thread for this, all 3 companies could have been listed in the same post...

Why stir one pot when you can stir three!
If the companies are entitled to the loan and it keeps doors open, more power to all of them

Good Point. It's the Deeproot I have the most problem with. As far as I'm concerned not even a real company yet.
You Kind of have to produce something Robert.

It would cost the same, or more, if the employees were laid off and had to collect unemployment. And in the scheme of things, all pinball manufacturers are small businesses.

That's what the program is for.
Glad they got the help!

Good for Stern and their employees.

Just out of curiosity, I wonder if "Spooky" recieved a loan???

Is every PPP loan available for the public to look up?

I don’t think it’s cool if so.

This is what the PPP was intended for; it saved jobs.

Why did you post this OP??

How much was your PPP for? List your data too.

They made it public for those companies that requested and received more than $150K. I have mixed opinions as well. On one hand it's nice for privacy for the business out there that needed help but on the other hand it's not a bad idea for the general public to know whom received these funds since it came from tax dollars and can help with some accountability as well. For instance some rather large companies (even publicly traded) were asking for and getting some of these funds that were intended for small businesses.

Yes, aside from the tackyness of this (or three separate) threads on this I can't see the argument for making this information private or hidden.

If the OP runs his/her own business, they should know better...

sorry, but this post is pretty trolly. its one of those "just sayin'" posts which is intended to stir the pot and point something out for nobody's benefit

yes, I like it for full transparency.

Then the government should just start posting everyone’s tax returns.

It’s applying public information to private companies.

I’m glad those public companies got outed. In the instructions, it clearly stated that the PPP loans were meant for companies who don’t have access to the markets (ie - not public companies).

75% of all the funds goes to the employees for it to qualify as a forgivable loan. The employer portion of FICA doesn’t count for it. If employers don’t hit the thresholds, they need to pay it back with interest.

Disney issues $6 billion in new bonds. Privately held small businesses don’t have access to the credit markets like that.

Edit: changed employee to employer. Didn’t realize my typo when I first typed it.

They don't really need to produce anything honestly, the important thing for the program is are the employee's paychecks clearing?

Far as I know everyone has been getting paid, so I don't see a problem. The entire point of these loans is to keep people employed.

Are they?

“Paycheck” not “payment”. Also this post seems pointless. Stern got federal assistance toward payroll and rent. If you worked there, you’d be glad. I know as a small business owner that sweats this stuff everyday. Also, Stern is small potatoes compared to MANY of the PPP recipients.

If they employees aren’t paid 75% of the PPP, then it becomes a loan that gets paid back.

They changed it to only 60% toward payroll and the rest can go toward rent and utilities. Plus they extended the period to use the money from eight weeks to 24 weeks.

Honestly, with how easy they made it to qualify for forgiveness, a business owner would be dumb not to take the PPP loan.

$659 billion....

Stern loves the paycheck protection program, but not so much the playfield protection program.