Who's getting a handout in your neighbor hood?

D2Cat

Well-known member
Lifetime Member

Equipment
L305DT, B7100HST, TG1860, TG1860D, L4240
Mar 27, 2014
9,769
839
113
40 miles south of Kansas City
Fed govt has been handing out money in the nature of a small business loan that does not have to be paid back. When I look at the list I ask myself how does an insurance agency qualify as loosing anything because of covid?

I get the impression there are a lot of people in America that come out of the wood work with both hands together, palms facing up, wanting all they can get. It's discusting!!

 
  • Like
Reactions: 1 user

B737

Well-known member
Lifetime Member

Equipment
B2601
Jun 9, 2019
1,076
718
113
New Jersey
No hand outs received here. I only get to pay in. I know several friends and family who were able to keep their businesses because of the program.

Actually, I cant say I didnt receive anything, if they had not bailed out the airlines, I would have lost my job along with tens of thousands of others.

 

Nicfin36

Active member

Equipment
L2501 HST, BH77 Backhoe, QA Loader
Jun 19, 2019
671
195
43
Decatur, AL
That is a VERY interesting link! I was surprised by the names I saw on it in my area..
 

motionclone

Active member
Lifetime Member

Equipment
L345DT with Lp mower, forks and grapple thumb, Bobcat 337 Midi Ex
May 4, 2018
720
244
43
Maine
Fed govt has been handing out money in the nature of a small business loan that does not have to be paid back. When I look at the list I ask myself how does an insurance agency qualify as loosing anything because of covid?

I get the impression there are a lot of people in America that come out of the wood work with both hands together, palms facing up, wanting all they can get. It's discusting!!

I got a PPP forgivable loan. It was a significant amount of money (to me) and i dont have any regrets in the least.

I dont consider it a handout but rather a small portion of money back that ive paid in all these years so politicians can buy votes.

The IRS forgot to send me and my wife the last 2 stimulus checks even though we qualified. so there was that slap in the face as well.
 
  • Like
Reactions: 2 users

bmblank

Active member

Equipment
2020 L3901HST, LA525 Loader, 66" Q/A Bucket, PFL2042 Forks, Meteor SB68PT Blower
Mar 4, 2015
348
71
28
Cadillac, MI
Looks like the company I work for got a little over 800k. Sure seems like they must have at least paid SOME of it back.
I agree with fighting against so much spending, but it'd be silly not to take every advantage to advance the company when the opportunity is given. Particularly at a time like this, when companies really are hurting.

-Hey man, you better not stick that $100 bill in my face again, otherwise I'm gonna take it...
*Sticks bill in face again*
*takes bill*
-Hey, you can't do that!!!
 

motionclone

Active member
Lifetime Member

Equipment
L345DT with Lp mower, forks and grapple thumb, Bobcat 337 Midi Ex
May 4, 2018
720
244
43
Maine
I wonder what the banks are getting out of it? The "loans" are processed through regular banks then the "forgiveness" part is applied for through the bank as well. the "loans" arent reported on credit reports and there is no credit-worthiness check to qualify. If the loan isnt forgiven then it has to be paid back at 1%apr in 5 years.
Banks arent in business to lose money so wonder what the fed is paying banks to distribute these?

Also I realize that no money is "free" someone has to pay for it. Well future generations have to pay for it like those mellinials and z generation that laugh at hard working boomers and feel they are entitled to everything like 3x minimum wage to flip a burger or paid sick days half the year. Thats who will have to pay for it.
 

dirtydeed

Well-known member
Lifetime Member

Equipment
B2650 BH77, BX23TLBM, box blade, rear blade, flail mower, Stump Grinder
Dec 8, 2017
1,576
445
83
Wind Gap, PA
not just small businesses...inmates are eligible for covid relief checks as well. I don't think it's the "extra $300/wk for unemployment, but rather the (2) single payments.
 

ctfjr

Well-known member
Lifetime Member

Equipment
L3800HST
Dec 7, 2009
489
442
63
central ct
Although that link is very interesting, as many things on the internet are, it doesn't tell the whole story.

The company I work for is an 'open book company'. If you are unfamiliar with the phrase it means other than 'individual salaries' pretty much every other piece of financial data is available to all employees.

Last year when the shit hit the fan we (I am in the senior management group) were talking not about losing $$$ but rather whether we would survive. This 100+ year old business employs over 200 people. If we took a dump the ripple effect would be pretty serious.

The 'free' money meant we didn't have to cut hours or release anyone. ALL senior management took a serious pay cut. We did do serious belt tightening like our corporate life depended on it. OT was out (who needed it with a 50% sales cut). All unnecessary purchases were out. We received over $2.5mil from the government.

Turns out we turned things around in several months. So much so that those senior peeps that had the pay cut got it retroactively back in December.

Oh yeah, we gave all the $$$ back to the government.

How many other entities on that linked list did the same? Probably a lot. How may were sleazy? Also probably a lot.
 
  • Like
Reactions: 4 users

Bmyers

Well-known member
Lifetime Member

Equipment
Grand L3560 with LA805 loader, EA 55" Wicked Grapple, SBX72 BB, LP 1272 mower
May 27, 2019
1,229
723
113
Southern Illinois
I know our company applied and received the PPP loan. We used the money to keep the people on payroll instead of laying them off. We did improvements around our buildings, worked with local municipalities and helped them and with the local school districts to keep everyone busy while many places were shutdown that we normally work at.

I was surprised to see some churches on the list and a few other businesses.
 
  • Like
Reactions: 1 user

spittinfire

New member
May 4, 2021
14
12
3
NC
A large church in my area got a healthy check. Being a Christian and church goer myself I have so many issues with that. As an American citizen who pays taxes I have so many more issues with that.

There is also a very large NASCAR team that got right at $1 million. Considering they work off sponsorship, they stopped racing and furloughed all their employees I'm not sure what they did with it.
 

bmblank

Active member

Equipment
2020 L3901HST, LA525 Loader, 66" Q/A Bucket, PFL2042 Forks, Meteor SB68PT Blower
Mar 4, 2015
348
71
28
Cadillac, MI
Well, the thing with the churches is attendance was forced to 0 for the most part. Churches are entities that need money to survive, just like other companies. When there's nobody there, income drops to 0 for all intents and purposes. Bills sure don't stop.

There are definitely some names on there that I recognize as a person that's just taking money so they can go home and sit on their ass or pad their bank accounts or whatever. Like somebody said, it's hard to justify yay or nay based solely on that list.
As far as racing teams... I don't know... They stopped racing; they're not getting any income off of that. If I were a sponsor, I wouldn't be paying for a car to sit in the garage where nobody will see it... I can imagine a team shutting down because they can't weather something like this.
 

skeets

Well-known member

Equipment
BX 2360 /B2601
Oct 2, 2009
11,692
571
113
SW Pa
No hand outs here, people are getting their 3rd check and I never got the second, and just got the first about 2 months back
 

PoTreeBoy

Active member
Lifetime Member

Equipment
L35 Ford 3930
Mar 24, 2020
490
135
43
WestTn/NoMs
My Dad died in June last year. When I took his info to the tax preparer, they asked if he got the second stimulus check. I couldn't believe a dead man was eligible, but they assured me that if he was alive at any time during the year, he was due the money.
Meanwhile, I'm retired and drawing social security but they threw additional money my way. They can't print money fast enough.
 

WFM

Active member

Equipment
L3800
Apr 5, 2013
791
95
28
Porter Maine
That young man is a great link.
Shows every business in my small town that cashed in EXECPT mine !!!
Oh well. No handouts for me.
 

motionclone

Active member
Lifetime Member

Equipment
L345DT with Lp mower, forks and grapple thumb, Bobcat 337 Midi Ex
May 4, 2018
720
244
43
Maine
That young man is a great link.
Shows every business in my small town that cashed in EXECPT mine !!!
Oh well. No handouts for me.
Your competition surely did which puts them at a slight financial advantage. Business 101, never leave money on the table.
 

skeets

Well-known member

Equipment
BX 2360 /B2601
Oct 2, 2009
11,692
571
113
SW Pa
WOW a local GMC dealer got 1.5 mill and the Fusion Japanese Steak house got a 900 K, guess Im in the wrong bussiness
 

WFM

Active member

Equipment
L3800
Apr 5, 2013
791
95
28
Porter Maine
No Money left on the table sir. I have no payroll so No payroll protection for me. And thats fine. Nothing for the goverment to track here or see where the payout went.
I'm good with that and very blessed to have more orders then I've ever seen.
Folks are spending like no tomorrow.