>and yet the stream of cash continues to flow to those too stupid to save a few months of operating expenses/payroll.
That's a bit of a harsh take. Lots of businesses took out these loans preemptively because they knew the money would dry up soon. Both the company I work for and our family business had applications ready to go the minute they could be filed because it was clear that the application process was going to be a mess.
I agree with you that the forgiveness should be tied to an ownership stake in the business, and that dispersal of funds should have only happened with demonstrable need of funds. But the people involved knew this was going to be a handout and acted accordingly. Taking these funds is an indicator of good business sense, not poor.
That's a bit of a harsh take. Lots of businesses took out these loans preemptively because they knew the money would dry up soon. Both the company I work for and our family business had applications ready to go the minute they could be filed because it was clear that the application process was going to be a mess.
I agree with you that the forgiveness should be tied to an ownership stake in the business, and that dispersal of funds should have only happened with demonstrable need of funds. But the people involved knew this was going to be a handout and acted accordingly. Taking these funds is an indicator of good business sense, not poor.