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4,677 Posts.
1231
13/05/20
09:32
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That's what I thought initially....
But it's still a $2.2M loan. It's only free money if the company goes bust and the Fed takes the hit
If company remains, it's actually only the benefit of the interest free component ~ up to 220k. So only 60bopd...
But I guess it helps the cash flow and as you say every little bit counts now.
They should also reap rewards of no payroll tax ~ that's another 2-5M from memory
EIA revised down their short term outlook.
It's getting to the point where are only cure for is is a vaccine for Covid...