puckhead
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I'm in commercial banking, and we did a shitload of those $40k CEBA loans (one week turnaround, pretty slick).I took my 40K loan for my small business and didn't make the 15% threshold for March (I think I likely did for April, but said meh to pursuing it any further). Pretty lucky that both my wife and I have stay employed throughout this pandemic and the CERB for my two daughters will have them in good shape as they go back to university in September.
Just now, a couple of months after that fact, some audits are coming back to ensure that the payroll declared wasn't dividend income, for example.
but that's the right way to do it. People (and businesses) are fucked, let's help them as soon as possible.
changed the program on the run when they got feedback (threshold went from $40k payroll, to $20k, to $40k non-discretionary spending). Actively trying to help those who need it.
Loans were issued on an attestation basis. Those that did it deceitfully will face consequences, once they run through all of the paperwork.