because we can't rely on the government to bail us out of stupid decisions. I expect, at best, that we will get 50% of the loan amount forgiven, which would be about 4 weeks of labor cost. Layoffs and furloughs are going on. We don't get paid by the government if we do that, but they are changing things daily and we can't rely on them. Better off to send our employees to unemployment. My state is one of the lowest payouts, but people will be receiving $920 a week.

One of the big problems of the forgiveness is that I understand no employees who earn more than $100K a year will be included in the forgiveness dollars. That is about 1/3 of our total wage cost. Unfortunately if you lay off your over $100K folks, there is no one to supervise your under $100K folks.

So we are going into this as a 1% loan for 2 years. We can almost make that much in money market accounts. NO risk.