The Soapbox

Molina

Joined: 10/18/2007 Posts: 2703
Likes: 5409


The second round required a 25% loss in revenue in any one of the first 3Qs


of 2020, IIRC. What was weird was the loss amount did not impact the amount of money an applicant could receive.
If you lost 25.0% you got the full amount - same as if you lost 100%. If you lost 24.9%, you got nothing.
I thought for sure the amount you could receive in round 2 would be capped by your actual loss or some percentage (perhaps greater than 100%). But it wasn’t relevant at all if you met the (easy) threshold.
Mnuchin must’ve had his rea$on$.

(In response to this post by 81_Hokie)

Posted: 05/05/2021 at 6:07PM



+1

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  Agreed. -- HoodatB 05/05/2021 4:22PM

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