POP goes the bubble

Penn · 01-26-2021, 01:13

Everyone knows the market is in a bubble, waiting for that one event to pop that ballon. It may have just arrived in my inbox.

Time to pay back your PPP loan, has just been called, This is after the Government destroyed your business and now you have limited resources to meet obligation.

POP goes the bubble.....America has been closed, but no matter who shut down the economy, the socialist will not be deterred in undermining the social structure of the United States of America. Imploded the economy, control the outcome.

Quote:

The purpose of this letter is to inform you that your file has been transferred to an SBA Loan Servicing Center. Any future communications with the U.S. Small Business Administration regarding this loan should be directed to:U.S. Small Business Administration SBA Disaster Loan Service Center 2 North 20th Street Suite 320 Birmingham, AL 35203United States Phone: 800-736-6048 Fax: 20 2-481-0292To make your monthly loan installment payment, use one of the following payment options:1. Electronic - Go to www.pay.gov and complete the Small Business Administration 1201 Borrower Payment form. Logging in to Pay.gov as a registered user is optional. Logging in as a registered user grants you access to the following features: view history of completed and pending payments initiated in Pay.gov, cancel payments in pending status, submit a change of address to where your 1201 billing statement is mailed, and you can establish a recurring payment

Paslode · 01-26-2021, 03:59

This goes along with the 'tidal wave' of bankruptcies that are looming just over the horizon I was told about in early December 2020.

Ret10Echo · 01-26-2021, 07:20

Everyone investing "knows" that it's a bubble... The new administration will further pump it up with fake money. The burst will be more violent and as has been demonstrated in the past, banks will be compensated and held up. Small businesses will be ignored.

C'mon Penn, call in those favors from those millions of political contributions you made

Sad news.

Penn · 01-26-2021, 07:47

To be clear, I have no problem with repayment, after all, I gladly accepted the loan. Having spoke with a number of small business owner in my AO, many will not have the funds to do so. And, some have no intention, they believe a forgiveness program will be instituted. Laughable, when has the SDP, ever, not march the IRS to the charging station, audits, etc,.

Last hard class · 01-26-2021, 12:16

Not having applied for one, I'm not up on all the requirements of the PPP program. I was under the impression that the loan was designed to be forgiven as long as it was used for the designed purposes: i.e., Payroll and such.

LHC

tom kelly · 01-26-2021, 13:16

Let's start with UNPAID MEDICAL EXPENSES, victims of crime, Illegal aliens, all the COVID-19 hospitalizations, the poor without medical insurance, 2. Over-billing by Giant Hospital Corporations. 3. Fraud. 4. Executive Compensation in the Medical/Pharma industry...it's a "Write-Off" an accounting Expense...Debit & Credit...

LongWire · 01-26-2021, 13:28

When was the last time Congress balanced a budget? Continuing Resolution anyone?.... We’ve been on a glide path for yrs now, writing blank check after blank check.... it’s bound to burst at some point.

**Roguish Lawyer** · 01-26-2021, 14:17

Quote:

Originally Posted by Penn

Everyone knows the market is in a bubble, waiting for that one event to pop that ballon. It may have just arrived in my inbox.

Time to pay back your PPP loan, has just been called, This is after the Government destroyed your business and now you have limited resources to meet obligation.

POP goes the bubble.....America has been closed, but no matter who shut down the economy, the socialist will not be deterred in undermining the social structure of the United States of America. Imploded the economy, control the outcome.

Penn I can't do it today, but let's discuss your situation by phone. I think you are misconstruing what you received. I know quite a lot about PPP loans.

NurseTim · 01-26-2021, 17:44

Quote:

Originally Posted by LongWire

When was the last time Congress balanced a budget? Continuing Resolution anyone?.... We’ve been on a glide path for yrs now, writing blank check after blank check.... it’s bound to burst at some point.

The last time the United States was in the black was 1835, and then it was only for a year.

Penn · 02-05-2021, 18:40

RL, Thank you for you gracious offer, I just revisited this thread and viewed your comment. Best method is email as my hearing disability precludes phone conversation.